Colombia
Home > South America > Colombia > Colombia Overview > Colombia's Economy
Page Rating
Content Quality:

Page Importance:
Author Pick:
Close Map

Book a Hotel or Hostel

Hotels Hostels & Budget
Country

City

Check in Date

Check out Date

Number of Rooms
Adults
Children



Top Colombia
Contributors

Colombia's Economy

Colombia’s economy has for decades been among the best in Latin America, thanks in large part to steady agricultural production, a healthy textile industry and a wealth of natural resources. Colombia is among the world leaders in the production of coffee, petroleum, textiles and flowers, and is South America’s leading provider of gold, nickel and coal.

These and other growing sectors have in recent years helped Colombia‚Äôs economy grow by an average of 6.8 percent a year, some two percentage points higher than the Latin American average. Former President √Ālvaro Uribe‚Äôs efforts to increase security in Colombia have certainly helped, going a long way in rebuilding confianza, or trust, in the country‚Äôs economy. As killings and abductions have declined, foreign investment from multinational corporations has soared, flooding Colombia‚Äôs economy with money and industries geared toward future growth.

Other signs of economic strength abound. Declining inflation and unemployment have improved the country’s quality of life, tourism to Colombia has nearly tripled in the last five years, and real estate is once again a stable investment. Taken together, it’s not surprising to see once-dangerous or impoverished neighborhoods and districts beginning to turn around.

Yet despite its relative strength in the region, Colombia is still largely dependent on the U.S. Since 2000, Colombia has received some $7 billion in U.S. military aid, more than all other countries in Latin America. A Free Trade Agreement between the U.S and Colombia, which has been in the works for over a decade, faces stiff opposition from grass roots and labor organizations in both countries.

Here are some related tips to help plan your trip to Colombia: Colombia's Political System, Environmental Issues in Colombia, Colombia's Current Political Situation, Colombia's Social Issues and Colombia's Economy: Past and Present.








26 Sep 2011



VIVA Colombia

Mapa
View Colombia Map




South America | Central America and Mexico | Antarctica |
Advertise | Anúnciese | Jobs | Alliances | Alianzas | Terms of Use | Contact Us | About Us | Blog | Administradores |
You must register as an owner for access to these listing tools and benefits.

Notification of new reviews: receive your latest reviews by e-mail

Customized request-a-review link: encourage guests to spread the word about your property

Our owners' newsletter: stay informed about our latest tools and benefits for you

User login

Enter your username and password here in order to log into the website:

Login
 

Create a new V!VA account

Forgot Password