continues to pursue free trade agreements with Asian and South American partners and awaits the approval of a Canadian trade accord by Canada's and EU's parliaments. The business sector remains concerned about Venezuela's trade restrictions on Colombian exports, an appreciating domestic currency, and the pending US Congressional approval of the US-Colombia Trade Promotion Agreement.
GDP (purchasing power parity):
$431.9 billion (2010 est.) country comparison to the world: 29 $413.7 billion (2009 est.)
$410.4 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$283.1 billion (2010 est.)
GDP - real growth rate:
4.4% (2010 est.) country comparison to the world: 69 0.8% (2009 est.)
2.7% (2008 est.)
GDP - per capita (PPP):
$9,800 (2010 est.) country comparison to the world: 112 $9,500 (2009 est.)
$9,500 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 9.3%
industry: 38%
services: 52.7% (2010 est.)
Labor force:
21.27 million (2010 est.) country comparison to the world: 30
Labor force - by occupation:
agriculture: 18%
industry: 18.9%
services: 63.1% (2009 est.)
Unemployment rate:
11.2% (2010 est.) country comparison to the world: 123 12% (2009 est.)
Population below poverty line:
46.8% (2008)
Household income or consumption by percentage share:
lowest 10%: 0.8%
highest 10%: 45% (2008)
Distribution of family income - Gini index:
58.5 (2009) country comparison to the world: 8 53.8 (1996)
Investment (gross fixed):
22.8% of GDP (2010 est.) country comparison to the world: 58
Public debt:
44.8% of GDP (2010 est.) country comparison to the world: 60 45.3% of GDP (2009 est.)
Inflation rate (consumer prices):
2.6% (2010 est.) country comparison to the world: 77 4.2% (2009 est.)
Central bank discount rate:
3% (October 2010) country comparison to the world: 79 5.5% (31 December 2009)
Commercial bank prime lending rate:
12.98% (31 December 2009 est.) country comparison to the world: 31 17.18% (31 December 2008 est.)
Stock of narrow money:
$31.83 billion (31 December 2010 est) country comparison to the world: 54 $24.41 billion (31 December 2009 est)
Stock of broad money:
$104.9 billion (31 December 2010 est.) country comparison to the world: 52 $82.39 billion (31 December 2009 est.)
Stock of domestic credit:
$123 billion (31 December 2010 est.) country comparison to the world: 45 $96.66 billion (31 December 2009 est.)
Market value of publicly traded shares:
$133.3 billion (31 December 2009) country comparison to the world: 39 $87.03 billion (31 December 2008)
$102 billion (31 December 2007)
Agriculture - products:
coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables; forest products; shrimp
Industries:
textiles, food processing, oil, clothing and footwear, beverages, chemicals, cement; gold, coal, emeralds
Industrial production growth rate:
5.5% (2010 est.) country comparison to the world: 61
Electricity - production:
50.58 billion kWh (2007) country comparison to the world: 48
Electricity - consumption:
38.59 billion kWh (2007) country comparison to the world: 53
Electricity - exports:
876.7 million kWh (2007)
Electricity - imports:
39.4 million kWh (2007)
Oil - production:
686,600 bbl/day (2009 est.) country comparison to the world: 28
Oil - consumption:
288,000 bbl/day (2009 est.) country comparison to the world: 43
Oil - exports:
294,000 bbl/day (2008 est.) country comparison to the world: 42
Oil - imports:
16,540 bbl/day (2007 est.) country comparison to the world: 120
Oil - proved reserves:
2.1 billion bbl (1 January 2010 est.) country comparison to the world: 35
Natural gas - production:
9 billion cu m (2008 est.) country comparison to the world: 42
Natural gas - consumption:
8.1 billion cu m (2008 est.) country comparison to the world: 52
Natural gas - exports:
900 million cu m (2008 est.) country comparison to the world: 36
Natural gas - imports:
0 cu m (2008 est.)
