Columbia Economy  

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COLOMBIA
Budget: Income .............. $26 Billion
Expenditure ...
$30 Billion

Main Crops:
Coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables; forest products; shrimp

Natural Resources: petroleum, natural gas, coal, iron ore, nickel, gold, copper, emeralds

Major Industries: textiles, food processing, oil, clothing and footwear, beverages, chemicals, cement; gold, coal, emeralds

GDP (2003 projected): $74.6 billion.
Annual growth rate (2003 projected): 2.2%.
Per capita GDP (2003 projected): $1,709.
Government (2003 projected): 30.2% of GDP.
Natural resources: Coal, petroleum, natural gas, iron ore, nickel, gold, silver, copper, platinum, emeralds.
Manufacturing (13.9 of GDP): Types--textiles and garments, chemicals, metal products, cement, cardboard containers, plastic resins and manufactures, beverages, wood products, pharmaceuticals, machinery, electrical equipment.
Agriculture (12.7% of GDP): Products--coffee, bananas, cut flowers, cotton, sugarcane, livestock, rice, corn, tobacco, potatoes, soybeans, sorghum. Cultivated land: 8.2% of total area.
Other sectors (by percentage of GDP): Financial services--17.1%; commerce--10.6%; transportation and communications services--8.2%; mining and quarrying--4.1%; construction and public works--4.6%; electricity, gas, and water--3.1%.
Trade: Exports (2003 projected)--$11.8 billion: petroleum, coal, coffee, flowers, textiles and garments, ferronickel, bananas, chemicals, pharmaceuticals, gold, sugar, cardboard containers, printed material, cement, plastic resins and manufactures, emeralds. Major markets--U.S., Germany, Netherlands, Japan, Venezuela. Imports (2003 projected)--$12.6 billion: machinery/equipment, grains, chemicals, transportation equipment, mineral products, consumer products, metals/metal products, plastic/rubber, paper products, aircraft, oil and gas industry equipment, and supplies. Major suppliers--U.S., Germany, Japan, Panama, Venezuela.

NATIONAL GNP