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Fernando
Botero
Fernando
González Ochoa
Corporación
Otraparte
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Economy
of Colombia
 Colombia is a free market economy. The
GDP is
currently 171.6 US$ bn. The GDP growth is 6.7 %.
Exports of goods fob 28,392.4US$ m. Imports of goods fob 30,833.6US$ m. Total
external debt 41.6US$ bn. The Colombian
currency is the COLOMBIAN
PESO. (Design
from prensa.com).
| The origins of gross domestic product by
2006 |
Principal exports fob 2006 |
Main destinations of exports fob 2006 |
Main origins of imports cif total
2006 |
Source of information |
| Agriculture 12.o% Private consumption.
Industry 35.6% Government consumption.
Manufacturing 16.6% Exports of goods and
services.
Services 52.4% Imports of goods and
services. |
Petroleum and petroleum products,
intermediate goods and raw materials, 6,328
US$ m.
Coal, capital goods, 2,913 m.
Coffee, consumer good 1,461 m
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USA
Venezuela
Ecuador
Peru
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US 36.6%
Mexico 10.6%
Brazil 6.7%
China 3.6%
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The Economist.
Colombia Country Briefings.
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Feature articles on
Colombian and Latin America Economy
Colombia´s Industrial Output Up 6.4% In Jan-June-Survey
Bogotá, by Diana Delgado,
Dow Jones
Newswires -- August 23, 2007. Industrial production in
Colombia rose an estimated 6.4% in the first half of the
year compared with the same period last year, according
to a private-sector survey of industrialists released
Thursday.
Industrial sales in the first six months of the year
were up 6.2% on the year, propelled by transportation
items such as cars and their engines and domestic
appliances, the National Association of Industrialists,
known as ANDI, said.
The industrial production figure is lower than the 14%
increase reported by the statistics department Friday.
According to ANDI (the National Association of
Industries), 21 of the 25 industrial sub-sectors
registered an increase of production, while 22 of 25
industrial sub-sectors registered an increase of sales
in the first half of the year.
Production of cars and their engines led the industrial
sector, jumping 50% in the year, while output of
domestic appliances expanded 40%.
In June, factories were running at an average of 82.5% -
the same average as in the past 12 months - ANDI added.
A total of 71% of industrialists said their businesses
are running well.
In addition, 76.5% of the industrialists said their
companies work 24 hours a day with three to four shifts.
Nevertheless, business owners expressed concern about
the exchange rate, uneven demand, low levels of
profitability and smuggling.
The Colombian peso has appreciated 4.9% so far this
year, affecting mainly nontraditional exporters - many
of which have been forced to cut thousands of jobs.
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