es--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: $35.4 billion, per capita $1,110; real growth rate 3.7% (1988)
Inflation rate (consumer prices): 27% (1989 est.)
Unemployment rate: 9.0% (1989 est.)
Budget: revenues $4.39 billion; current expenditures $3.93
billion, capital expenditures $l.03 billion (1989 est.)
Exports: $5.76 billion (f.o.b., 1989 est.);
commodities--coffee 30%, petroleum 24%, coal, bananas, fresh cut flowers;
partners--US 36%, EC 21%, Japan 5%, Netherlands 4%, Sweden 3%
Imports: $5.02 billion (c.i.f., 1989 est.);
commodities--industrial equipment, transportation equipment, foodstuffs,
chemicals, paper products;
partners--US 34%, EC 16%, Brazil 4%, Venezuela 3%, Japan 3%
External debt: $17.5 billion (1989)
Industrial production: growth rate 2.0% (1989 est.)
Electricity: 9,250,000 kW capacity; 35,364 million kWh produced,
1,110 kWh per capita (1989)
Industries: textiles, food processing, oil, clothing and footwear,
beverages, chemicals, metal products, cement; mining--gold, coal, emeralds,
iron, nickel, silver, salt
Agriculture: 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 for the
international drug trade; 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
Aid: US commitments, including Ex-Im (FY70-88), $1.6 billion; Western
(non-US) countries, ODA and OOF bilateral commitments (1970-87), $2.9 billion;
Communist countries (1970-88), $399 million
Currency: Colombian peso (plural--pesos);
1 Colombian peso (Col$) = 100 centavos
Exchange rates: Colombian pesos (Col$) per US$1--439.68 (January 1990),
382.57 (1989), 299.17 (1988), 242.61 (1987), 194.26 (1986), 142.31 (1985)
Fiscal year: calendar year
- Communications
Railroads: 3,563 km, all 0.914-meter gauge, single track
Highways: 75,450 km total; 9,350 km paved, 66,100 km earth and gravel
surfaces
Inland waterways: 14,300
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