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ECON FACTBOOK

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Economy of Colombia

Population: 48 million in 20131

GDP: $378 billion in 20132

GDP per capita: $7,831 nominal3 ($12,371 PPP4) in 2013

GDP growth rate: 4.7% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities11236.6%
Mining and utilities4916.1%
Manufacturing4213.6%
Wholesale, retail trade, restaurants and hotels3812.3%
Construction258.2%
Agriculture, hunting, forestry, fishing216.9%
Transport, storage and communication206.4%
Total value added307100%

Employment

Unemployment rate: 10.5% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles5,77727.4%
Public administration and defence4,11119.5%
Agriculture, forestry and fishing3,54916.9%
Manufacturing2,53312.0%
Transportation and storage1,7428.3%
Real estate1,4897.1%
Construction1,2205.8%
Finance and insurance2901.4%
Mining and quarrying2241.1%
Electricity, gas, steam and air conditioning1090.5%
Not elsewhere classified40.0%
Total employment21,048100%

Corporations

Top 1 Corporation by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1Ecopetrol305.556Oil and Gas

* Corporate data calculated using the exchange rate 2,386 COP = 1 USD

Households

Household Wealth: $839 billion (222% of GDP) in 201410

Household Wealth per Adult: $27,275 in 201410

Gini Coefficient: .535 in 201211

Government

Central Government

Central Government Revenue: $107 billion (28% of GDP) in 201312

Central Government Expenditure: $106 billion (28% of GDP) in 201312

Central Government Budget Balance: +$1 billion (0% of GDP) in 201312

Central Government Public Debt: $112 billion (30% of GDP) in Sept 2014* 13

Central Government 10 Year Bond Interest Rate: 6.52% on Jan 23, 201414

* Public debt calculated using the exchange rate 2,386 COP = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 25%16

* Individual thresholds calculated using the exchange rate 2,385 COP = 1 USD, and 1 UVT = 26,841 COP 17

Monetary Policy

Money Supply (M0): $27 billion in Nov 2014 (7% of GDP)18

Benchmark Interest Rate: 4.5% in Jan 201519

Total Reserves: $43 billion in 2013 (11% of GDP)20

Exchange Rate: 2,386 Colombian Pesos = 1 U.S. Dollar on Jan 24, 201521

Inflation: 2.0% in 201322

Financial Institutions

Top 10 Financial Institutions by Assets 201323

N/A (data not available at Relbanks.com)

International Accounts

Exports: $59 billion (15% of GDP) in 201324

Imports: $54 billion (14% of GDP) in 201324

Trade Balance: +$5 billion (+1% of GDP) in 201324

Foreign Direct Investment Inflow: $16 billion (4% of GDP) in 201325

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $760 million in 2012 (0.2% of GDP)26

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Banco Central de Colombia, Total debt balance (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: PKF (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: DIAN (UVT value) Go back
18. Source: Banco Central de Colombia, Statistics, Monetary aggregates (Money supply) Go back
19. Source: Banco Central de Colombia, Intervention Rate (Benchmark interest rate) Go back
20. Source: World Bank Indicators (Total reserves) Go back
21. Source: Yahoo Finance (Exchange rate) Go back
22. Source: World Bank Indicators (Inflation rate) Go back
23. Source: Relbanks.com (Financial institutions by assets) Go back
24. Source: CIA World Factbook (Trade data) Go back
25. Source: World Bank Indicators (FDI data) Go back
26. Source: Global Humanitarian Assistance (Aid data) Go back