List of Colombian departments by GDP. COP GDP (PPP) in mil. [50], Colombia was a pioneer in promoting airlines in an effort to overcome its geographic barriers to transportation. World Bank national accounts data, and OECD National Accounts data files. One notable feature is that after the reforms of the beginning of the 1990s, the number of international passengers tripled by 2003. Multidimensional poverty fell from 30% to 18% between 2010 and 2016. Major foreign investment projects underway include the $6 billion development of the Cusiana and Cupiagua oil fields, development of coal fields in the north of the country, and the recently concluded licensing for establishment of cellular telephone service. In the 17th century, Spanish conquerors explored Colombia and made the first settlements, and this was the beginning of Colombia's modern economic history. In 2006 Colombia was generally reported to have a total of 984 airports, of which 103 had paved runways and 883 were unpaved. Our website uses cookies to improve your online experience. But it also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists. Construction recently[when?] Population, Million persons, 1998-2018 [19] Colombia has experienced a historic economic boom over the last decade. Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China. Colombia's industries include textiles and clothing, particularly lingerie, leather products, processed foods and beverages, paper and paper products, chemicals and petrochemicals, cement, construction, iron and steel products, and metalworking. By early 2000 there had been the beginning of an economic recovery, with the export sector leading the way, as it enjoyed the benefit of the more competitive exchange rate, as well as strong prices for petroleum, Colombia's leading export product. [citation needed] Production in other departments, including Boyacá, Cundinamarca and Norte de Santander, forms about 13% of the total. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. [20] Colombia also has one of the largest shipbuilding industries in the world outside Asia. 876.7 million kWh (2007), Electricity – imports: The Transandino pipeline transports oil from Orito in the Department of Putumayo to the Pacific port of Tumaco in the Department of Nariño. Roberto Steiner and Hernán Vallejo. Legends of El Dorado that reached Spaniard explorers continued to fuel exploration and raiding of Indian villages. This page has economic forecasts for Colombia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Colombia economy. In 1990, the administration of President César Gaviria Trujillo (1990–94) initiated economic liberalism policies or "apertura economica" and this has continued since then, with tariff reductions, financial deregulation, privatization of state-owned enterprises, and adoption of a more liberal foreign exchange rate. Major international credit rating organizations have dropped Colombian sovereign debt below investment grade, primarily as a result of large fiscal deficits, which current policies are seeking to close. [38] In 2014, the Colombian Government launched a national campaign to promote IT and Electronic sectors, as well as investing in Colombia's own companies. Colombia is also the largest export partner of the Dutch constituent country of Aruba (39.4%).[7]. There are three departments in the area: Caldas, Quindío and Risaralda. Diese Werte, historische Daten, Prognosen, Statistiken, Diagramme und ökonomische Kalender - Kolumbien - BIP-Wachstum. GDP growth (annual %) GDP (constant 2010 US$) GDP (constant LCU) GDP: linked series (current LCU) GDP, PPP (constant 2017 … Dollar figures for GDP are converted from domestic currencies using single year official exchange rates.
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