Economy of Colombia

Imports

Imports commoditiesindustrial equipment, transportation equipment, consumer goods, chemicals, paper products, fuels, electricity

Import partnersUS 24.2%, China 16.3%, Mexico 10.9%, Brazil 4.8% (2012)

Exports

Exports commoditiespetroleum, coal, emeralds, coffee, nickel, cut flowers, bananas, apparel

Export partnersUS 36.6%, China 5.5%, Spain 4.8%, Panama 4.7%, Venezuela 4.4%, Netherlands 4.1% (2012)

Economy sectors

Agriculture productscoffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables; shrimp; forest products

Industrial productstextiles, food processing, oil, clothing and footwear, beverages, chemicals, cement; gold, coal, emeralds

Economy

Unemployment9.70 % (2013)10.4 % (2012)10.8 % (2011)

GDP - Official Exchange Rate369 Billion $ (2013)364 Billion $ (2012)335 Billion $ (2011)

GDP growth rate4.20 % (2013)4.00 % (2012)5.90 % (2011)

GDP per Capita (PPP)11,100 $ (2013)10,700 $ (2012)10,400 $ (2011)

GDP - Purchasing Power Parity527 Billion $ (2013)497 Billion $ (2012)480 Billion $ (2011)

GDP PPP per land area462 Thousand $ per square kilometer (2013)437 Thousand $ per square kilometer (2012)421 Thousand $ per square kilometer (2011)

Electricity

Banking

Central bank discount rate4.75 % (2011)5.00 % (2010)3.00 % (2010)

Commercial bank prime lending rate11.0 % (2013)12.6 % (2012)11.2 % (2011)

GDP decomposition by sector

Agriculture % of GDP6.60 % (2013)6.50 % (2012)

Industry % of GDP37.8 % (2013)37.6 % (2012)

Services % of GDP55.6 % (2013)55.9 % (2012)

Tourism

International tourism, number of arrivals2.18 Million (2012)2.04 Million (2011)1.41 Million (2010)

International tourism, number of departures3.17 Million (2012)2.52 Million (2011)2.34 Million (2010)

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)39.6 % of GDP (2013)40.5 % of GDP (2012)43.4 % of GDP (2011)

Current Account Balance (Percentage of GDP)-3.27 % of GDP (2012)-2.93 % of GDP (2011)-3.11 % of GDP (2010)

External Debt Stocks (Percentage of GNI)22.4 % of GNI (2012)24.0 % of GNI (2011)23.2 % of GNI (2010)

Short-term debt (percentage of total external debt)13.5 % of total external debt (2012)13.8 % of total external debt (2011)12.4 % of total external debt (2010)

Current Account Balance (Total)-11.02 Billion $ (2013)-12.17 Billion $ (2012)-9.98 Billion $ (2011)

External Debt (Total)85.8 Billion $ (2013)80.7 Billion $ (2012)70.0 Billion $ (2011)

External Debt (Percentage of GDP)23.2 % of GDP (2013)22.2 % of GDP (2012)20.9 % of GDP (2011)

External Debt per Capita1,876 $ (2013)1,784 $ (2012)1,566 $ (2011)