| Economy - overview: | Colombia's economy has been on a recovery trend during the past two years despite a serious armed conflict. The economy continues to improve thanks to austere government budgets, focused efforts to reduce public debt levels, and an export-oriented growth focus. Ongoing economic problems facing President URIBE range from reforming the pension system to reducing high unemployment. New exploration is needed to offset declining oil production. On the positive side, several international financial institutions have praised the economic reforms introduced by URIBE, succeeded in reducing the public-sector deficit below 1.5% of GDP. The government's economic policy and democratic security strategy have engendered a growing sense of confidence in the economy, particularly within the business sector. Coffee prices have recovered from previous lows as the Colombian coffee industry pursues greater market shares in developed countries such as the United States. |
| GDP - per capita | $7,100 (2005 est.) |
| GDP - real growth rate (%) | 4.3% (2005 est.) |
| Agriculture - products | coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables; forest products; shrimp |
| GDP - composition by sector (%) | agriculture: 12.5%, industry: 34.3%, services: 53.3% (2005 est.) |
| Industries | textiles, food processing, oil, clothing and footwear, beverages, chemicals, cement; gold, coal, emeralds |
| Economic aid - recipient | NA |
| Debt - external | $37.06 billion (30 June 2005 est.) |
| Population below poverty line (%) | 59% (2001 est.) |
| Labor force - by occupation (%) | agriculture 22.7%, industry 18.7%, services 58.5% (2000 est.) |
Environment, Land use / Resources, Economy, Population / Demographics, Infrastructure, Health -- CIA World Factbook, 2005
