Economy of Columbia

Economy 


GDP (2008): $140.8 billion; base year 2000: $93.7 billion.
Annual growth rate (2009 est.): -0.1%.
Per capita GDP (purchasing power parity; IMF 2009): $8,205.
Government expenditures (2009): 27.6% of GDP. Natural resources: Coal, petroleum, natural gas, iron ore, nickel, gold, silver, copper, platinum, emeralds.
Industry (19% of GDP): Types--textiles, garments, footwear, chemicals, metal products, cement, cardboard containers, plastic resins and manufactures, beverages, wood products, pharmaceuticals, machinery, electrical equipment.
Agriculture (8% of GDP): Products--coffee, bananas, cut flowers, cotton, sugarcane, livestock, rice, corn, tobacco, potatoes, soybeans, sorghum, cocoa beans, oilseed.Cultivated land--8.2% of total area.
Services (64% of GDP): Government, personal and other services--17.5%; financial services--18.1%; commerce--13.4%; transportation and communications services--7%; construction and public works--5%; electricity, gas, water--2.7%.
Taxes (9% of GDP): Includes taxes on imports, products, and the value-added tax.
Trade: Exports (2008)--$37 billion: petroleum, coffee, coal, nickel, emeralds, apparel, bananas, cut flowers. Major markets--U.S., Venezuela, Ecuador, Switzerland, Peru, Chile.Imports (2008)--$39 billion: machinery/equipment, grains, chemicals, transportation equipment, mineral products, consumer products, metals/metal products, plastic/rubber, paper products, aircraft, oil and gas industry equipment, supplies, chemicals, electricity.Major suppliers--U.S., China, Mexico, Brazil, Venezuela.