Colombia (2007) | Colombia (2008) | |
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Background | Colombia was one of the three countries that emerged from the collapse of Gran Colombia in 1830 (the others are Ecuador and Venezuela). A 40-year conflict between government forces and anti-government insurgent groups and illegal paramilitary groups - both heavily funded by the drug trade - escalated during the 1990s. The insurgents lack the military or popular support necessary to overthrow the government, and violence has been decreasing since about 2002, but insurgents continue attacks against civilians and large swaths of the countryside are under guerrilla influence. More than 32,000 former paramilitaries had demobilized by the end of 2006 and the United Self Defense Forces of Colombia (AUC) as a formal organization had largely ceased to function. Still, some renegades continued to engage in criminal activities. The Colombian Government has stepped up efforts to reassert government control throughout the country, and now has a presence in every one of its municipalities. However, neighboring countries worry about the violence spilling over their borders. | Colombia was one of the three countries that emerged from the collapse of Gran Colombia in 1830 (the others are Ecuador and Venezuela). A 40-year conflict between government forces and anti-government insurgent groups and illegal paramilitary groups - both heavily funded by the drug trade - escalated during the 1990s. The insurgents lack the military or popular support necessary to overthrow the government, and violence has been decreasing since about 2002, but insurgents continue attacks against civilians and large swaths of the countryside are under guerrilla influence. More than 32,000 former paramilitaries had demobilized by the end of 2006 and the United Self Defense Forces of Colombia (AUC) as a formal organization had ceased to function. Still, some renegades continued to engage in criminal activities. The Colombian Government has stepped up efforts to reassert government control throughout the country, and now has a presence in every one of its municipalities. However, neighboring countries worry about the violence spilling over their borders. |
Budget | revenues: $49.09 billion
expenditures: $49.75 billion; including capital expenditures of $NA (2006 est.) |
revenues: $64.02 billion
expenditures: $64.35 billion; including capital expenditures of $NA (2007 est.) |
Debt - external | $38.47 billion (2006 est.) | $43.3 billion (30 June 2007) |
Diplomatic representation from the US | chief of mission: Ambassador William B. WOOD
embassy: Calle 22D-BIS, numbers 47-51, Apartado Aereo 3831 mailing address: Carrera 45 #22D-45, Bogota, D.C., APO AA 34038 telephone: [57] (1) 315-0811 FAX: [57] (1) 315-2197 |
chief of mission: Ambassador William BROWNFIELD
embassy: Calle 22D-BIS, numbers 47-51, Apartado Aereo 3831 mailing address: Carrera 45 #22D-45, Bogota, D.C., APO AA 34038 telephone: [57] (1) 315-0811 FAX: [57] (1) 315-2197 |
Economic aid - recipient | $NA (2005) | $511.1 million (2005) |
Economy - overview | Colombia's economy has experienced positive growth over the past three years despite a serious armed conflict. The economy continues to improve in part because of austere government budgets, focused efforts to reduce public debt levels, an export-oriented growth strategy, an improved security situation in the country, and high commodity prices. Ongoing economic problems facing President URIBE range from reforming the pension system to reducing high unemployment, and to achieving congressional passage of a fiscal transfers reform; furthermore, new exploration is needed to offset declining oil production. However, the government's economic policy, democratic security strategy, and the signing of a free trade agreement with the US have engendered a growing sense of confidence in the economy, particularly within the business sector. | Colombia's economy has experienced positive growth over the past five years despite a serious armed conflict. In fact, 2007 is regarded by policy makers and the private sector as one of the best economic years in recent history, after 2005. The economy continues to improve in part because of austere government budgets, focused efforts to reduce public debt levels, an export-oriented growth strategy, improved domestic security, and high commodity prices. Ongoing economic problems facing President URIBE include reforming the pension system, reducing high unemployment, and funding new exploration to offset declining oil production. The government's economic reforms and democratic security strategy, coupled with increased investment, have engendered a growing sense of confidence in the economy. However, the business sector continues to be concerned about failure of the US Congress to approve the signed FTA. |
Exchange rates | Colombian pesos per US dollar - 2,358.6 (2006), 2,320.75 (2005), 2,628.61 (2004), 2,877.65 (2003), 2,504.24 (2002) | Colombian pesos per US dollar - 2,013.8 (2007), 2,358.6 (2006), 2,320.75 (2005), 2,628.61 (2004), 2,877.65 (2003) |
Exports | NA bbl/day | 289,700 bbl/day (2004) |
Exports - partners | US 35.7%, Venezuela 11.4%, Ecuador 5.4% (2006) | US 35.8%, Venezuela 11.4%, Ecuador 5.4% (2006) |
Flag description | three horizontal bands of yellow (top, double-width), blue, and red; similar to the flag of Ecuador, which is longer and bears the Ecuadorian coat of arms superimposed in the center | three horizontal bands of yellow (top, double-width), blue, and red
note: similar to the flag of Ecuador, which is longer and bears the Ecuadorian coat of arms superimposed in the center |
GDP - composition by sector | agriculture: 12%
industry: 35.6% services: 52.4% (2006 est.) |
agriculture: 11.5%
industry: 36% services: 52.4% (2007 est.) |
GDP - real growth rate | 6.8% (2006 est.) | 6.5% (2007 est.) |
Imports | NA bbl/day | 6,453 bbl/day (2004) |
Imports - partners | US 26.9%, Brazil 8.6%, Mexico 8.5%, China 6%, Venezuela 5.6%, Japan 4.1% (2006) | US 26.8%, Brazil 8.6%, Mexico 8.5%, China 6%, Venezuela 5.6%, Japan 4.1% (2006) |
Industrial production growth rate | 5.8% (2006 est.) | 6% (2007 est.) |
Inflation rate (consumer prices) | 4.3% (2006 est.) | 5.5% (2007 est.) |
International organization participation | BCIE, CAN, Caricom (observer), CDB, CSN, FAO, G-3, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, Mercosur (associate), MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO | BCIE, CAN, Caricom (observer), CDB, CSN, FAO, G-3, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, Mercosur (associate), MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO |
Labor force | 20.34 million (2006 est.) | 20.65 million (2007 est.) |
Military branches | National Army (Ejercito Nacional), National Navy (Armada Nacional, includes Naval Aviation, Naval Infantry (Infanteria de Marina, Colmar), and Coast Guard), Colombian Air Force (Fuerza Aerea de Colombia, FAC) (2007) | National Army (Ejercito Nacional), National Navy (Armada Nacional, includes Naval Aviation, Naval Infantry (Infanteria de Marina, Colmar), and Coast Guard), Colombian Air Force (Fuerza Aerea de Colombia, FAC) (2008) |
Pipelines | gas 4,360 km; oil 6,140 km; refined products 3,158 km (2006) | gas 4,329 km; oil 6,140 km; refined products 3,145 km (2007) |
Telephone system | general assessment: modern system in many respects; telecommunications sector liberalized during the 1990s; multiple providers of both fixed-line and mobile-cellular services; fixed-line connections stand at about 18 per 100 persons; mobile cellular usage is approaching 70 per 100 persons
domestic: nationwide microwave radio relay system; domestic satellite system with 41 earth stations; fiber-optic network linking 50 cities international: country code - 57; submarine cables provide links to the US, parts of the Caribbean, and Central and South America; satellite earth stations - 6 Intelsat, 1 Inmarsat; 3 fully digitalized international switching centers (2007) |
general assessment: modern system in many respects; telecommunications sector liberalized during the 1990s; multiple providers of both fixed-line and mobile-cellular services; fixed-line connections stand at about 18 per 100 persons; mobile cellular usage is about 70 per 100 persons
domestic: nationwide microwave radio relay system; domestic satellite system with 41 earth stations; fiber-optic network linking 50 cities international: country code - 57; submarine cables provide links to the US, parts of the Caribbean, and Central and South America; satellite earth stations - 6 Intelsat, 1 Inmarsat; 3 fully digitalized international switching centers (2007) |
Unemployment rate | 11.1% (2006 est.) | 10.6% (2007 est.) |