coffee prices--Colombia's major export. The collapse of
the International Coffee Agreement in the summer of 1989, a troublesome
rural insurgency, and drug-related violence dampen prospects for future
growth.
_#_GDP: $43.0 billion, per capita $1,300; real growth rate 3.7% (1990
est.)
_#_Inflation rate (consumer prices): 32.4% (1990)
_#_Unemployment rate: 10.4% (urban areas 1990) (1990)
_#_Budget: revenues $4.39 billion; current expenditures $3.93
billion, capital expenditures $1.03 billion (1989 est.)
_#_Exports: $6.9 billion (f.o.b., 1990);
commodities--coffee 24%, petroleum, coal, bananas, fresh cut
flowers;
partners--US 36%, EC 21%, Japan 5%, Netherlands 4%, Sweden 3%
_#_Imports: $5.0 billion (c.i.f., 1990);
commodities--industrial equipment, transportation equipment,
foodstuffs, chemicals, paper products;
partners--US 34%, EC 16%, Brazil 4%, Venezuela 3%, Japan 3%
_#_External debt: $16.7 billion (1990)
_#_Industrial production: growth rate 5.0% (1990 est.); accounts
for 25% of GDP
_#_Electricity: 9,435,000 kW capacity; 36,071 million kWh produced,
1,090 kWh per capita (1990)
_#_Industries: textiles, food processing, oil, clothing and footwear,
beverages, chemicals, metal products, cement; mining--gold, coal,
emeralds, iron, nickel, silver, salt
_#_Agriculture: growth rate 4.9% (1990); accounts for 22% of GDP;
crops make up two-thirds and livestock one-third of agricultural output;
climate and soils permit a wide variety of crops, such as coffee,
rice, tobacco, corn, sugarcane, cocoa beans, oilseeds, vegetables;
forest products and shrimp farming are becoming more important
_#_Illicit drugs: major illicit producer of cannabis and coca; key
supplier of marijuana and cocaine to the US and other international drug
markets; drug production and trafficking accounts for an estimated 4%
of GDP and 28% of foreign exchange earnings
_#_Economic aid: US commitments, including Ex-Im (FY70-89), $1.6
billion; Western (non-US) countries, ODA and OOF bilateral commitments
(1970-88), $3.1 billion; Communist countries (1970-89), $399 million
_#_Currency: Colombian peso (plural--pesos);
1 Colombian peso (Col$) = 100 centavos
_#_Exchange rates: Colombian pesos (Col$) per US$1--574.09 (January
1991), 502.24 (1990), 382.57 (1989), 299.17 (1988), 242.61 (1987), 194.26
(1986), 142.31 (1985)
_#_Fiscal year: calendar year
_*_Communications
_#_Railroads: 3,386
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