prior to COVID-19, one of the most consistent growth economies; declining poverty; large stimulus package has mitigated economic fallout, but delayed key infrastructure investments; successful inflation management; sound flexible exchange rate regime; domestic economy suffers from lack of trade integration and infrastructure
$754.645 billion (2021 est.)
$681.844 billion (2020 est.)
$733.546 billion (2019 est.)
note: data are in 2017 dollars
10.68% (2021 est.)
-7.05% (2020 est.)
3.19% (2019 est.)
$14,600 (2021 est.)
$13,400 (2020 est.)
$14,600 (2019 est.)
note: data are in 2017 dollars
$323.255 billion (2019 est.)
3.5% (2021 est.)
2.53% (2020 est.)
3.52% (2019 est.)
Fitch rating: BBB- (2020)
Moody's rating: Baa2 (2014)
Standard & Poors rating: BBB- (2017)
note: The year refers to the year in which the current credit rating was first obtained.
agriculture: 7.2% (2017 est.)
industry: 30.8% (2017 est.)
services: 62.1% (2017 est.)
household consumption: 68.2% (2017 est.)
government consumption: 14.8% (2017 est.)
investment in fixed capital: 22.2% (2017 est.)
investment in inventories: 0.2% (2017 est.)
exports of goods and services: 14.6% (2017 est.)
imports of goods and services: -19.7% (2017 est.)
sugar cane, milk, oil palm fruit, potatoes, rice, bananas, cassava leaves, plantains, poultry, maize
textiles, food processing, oil, clothing and footwear, beverages, chemicals, cement; gold, coal, emeralds
9.65% (2021 est.)
26.137 million (2021 est.)
agriculture: 17%
industry: 21%
services: 62% (2011 est.)
14.34% (2021 est.)
15.04% (2020 est.)
9.96% (2019 est.)
total: 26.4%
male: 21.9%
female: 32.8% (2021 est.)
35.7% (2019 est.)
54.2 (2020 est.)
on food: 19.2% of household expenditures (2018 est.)
on alcohol and tobacco: 3% of household expenditures (2018 est.)
lowest 10%: 1.2%
highest 10%: 39.6% (2015 est.)
revenues: $94.985 billion (2019 est.)
expenditures: $103.098 billion (2019 est.)
-2.7% (of GDP) (2017 est.)
90.4% of GDP (2020 est.)
72.7% of GDP (2019 est.)
71.65% of GDP (2018 est.)
note: data cover general government debt, and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities
14.23% (of GDP) (2020 est.)
calendar year
-$17.621 billion (2021 est.)
-$9.347 billion (2020 est.)
-$14.808 billion (2019 est.)
$50.793 billion (2021 est.)
$38.224 billion (2020 est.)
$51.324 billion (2019 est.)
note: Data are in current year dollars and do not include illicit exports or re-exports.
United States 31%, China 11%, Panama 6%, Ecuador 5% (2019)
crude petroleum, coal, coffee, gold, refined petroleum (2021)
$70.84 billion (2021 est.) note: data are in current year dollars
$51.312 billion (2020 est.) note: data are in current year dollars
$65.47 billion (2019 est.) note: data are in current year dollars
United States 27%, China 20%, Mexico 7%, Brazil 6% (2019)
refined petroleum, cars, broadcasting equipment, packaged medicines, corn (2019)
$58.019 billion (31 December 2021 est.)
$58.499 billion (31 December 2020 est.)
$52.653 billion (31 December 2019 est.)
$135.644 billion (2019 est.)
$128.238 billion (2018 est.)
Colombian pesos (COP) per US dollar -
3,743.59 (2021 est.)
3,694.854 (2020 est.)
3,280.832 (2019 est.)
2,955.704 (2018 est.)
2,951.327 (2017 est.)
NOTE: The information regarding Colombia on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Colombia 2023 information contained here. All suggestions for corrections of any errors about Colombia 2023 should be addressed to the CIA or the source cited on each page.
This page was last modified 06 Dec 23, Copyright © 2023 ITA all rights reserved.