Colombia Economy - 1986

GEOGRAPHICAL NAMES 

GNP: $29 billion (1985 est).; $1,430 per capita (1984); 73% private consumption, 19% gross investment, 12% public consumption (1983); growth rate 2% (1985)

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

Agriculture: main crops—(toffee, rice, corn, sugarcane, plantains, bananas, cotton, tobacco, an illegal producer of coca and cannabis for the international drug trade

Fishing: catch 57,537 metric tons 1983

Major industries: textiles, food processing, clothing and footwear, beverages, chemicals, metal products, cement; mining—gold, coal, emeralds, iron, nickel

Crude steel: 300,000 metric tons produced (1984), 10 kg per capita

Electric power: 7,160,0

Exports-$3.5 billion (f.o.b., 1984); coffee, coal, fuel oil, cotton, tobacco, sugar, textiles, cattle and hides, bananas, fresh cut flowers

Imports: $4 5 billion (c.i.f., 1984); transportation equipment, machinery, industrial metals and raw materials, chemicals and pharmaceuticals, fuels, fertilizers, paper and paper products, foodstuffs, beverages

Major trade partners: exports -34% US, 15% FRG, 6% Venezuela, 4% Netherlands, 4% Japan, 3% Italy; imports—35% US, 10% Japan, 8% FRG, 7% Venezuela, 4% Brazil 4% Netherland Antilles, 3% France, 3% Ecuador (1984)

Budget (1985 est.) revenues, $4.1 billion; expenditures, $4.8 billion

Monetary conversion rate: 164.58 pesos= US$1 (November 1985)

Fiscal year: calendar year

NOTE: The information regarding Colombia on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Colombia 1986 information contained here. All suggestions for corrections of any errors about Colombia 1986 should be addressed to the CIA or the source cited on each page.