Colombia

the great contry

Colombia

(Languages spanish) Colombia was one of the three countries that emerged from the collapse of Gran Colombia in 1830 (the others are Ecuador and Venezuela). A nearly five-decade long conflict between government forces and anti-government insurgent groups, principally the Revolutionary Armed Forces of Colombia (FARC) heavily funded by the drug trade, escalated during the 1990s. More than 31,000 former paramilitaries had demobilized by the end of 2006 and the United Self Defense Forces of Colombia as a formal organization had ceased to function.






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SOUTH AMERICA :: COLOMBIA




PAGE LAST UPDATED ON SEPTEMBER 10, 2013









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Introduction ::COLOMBIA



Geography ::COLOMBIA



People and Society ::COLOMBIA



Government ::COLOMBIA



Economy ::COLOMBIA




    Economy - overview:



    Colombia's consistently sound economic policies and aggressive promotion of free trade agreements in recent years have bolstered its ability to face external shocks. Real GDP has grown more than 4% per year for the past three years, continuing almost a decade of strong economic performance. All three major ratings agencies have upgraded Colombia's government debt to investment grade. Nevertheless, Colombia depends heavily on oil exports, making it vulnerable to a drop in oil prices. Economic development is stymied by inadequate infrastructure, weakened further by recent flooding. Moreover, the unemployment rate of 10.3% in 2012 is still one of Latin America's highest. The SANTOS Administration's foreign policy has focused on bolstering Colombia's commercial ties and boosting investment at home. The US-Colombia Free Trade Agreement (FTA) was ratified by the US Congress in October 2011 and implemented in 2012. Colombia has signed or is negotiating FTAs with a number of other countries, including Canada, Chile, Mexico, Switzerland, the EU, Venezuela, South Korea, Turkey, Japan, China, Costa Rica, Panama, and Israel. Foreign direct investment - notably in the oil and gas sectors - reached a record $10 billion in 2008 but dropped to $7.2 billion in 2009, before beginning to recover in 2010, and reached a record high of nearly $16 billion in 2012. Colombia is the third largest Latin American exporter of oil to the United States, and the United States' largest source of imported coal. Inequality, underemployment, and narcotrafficking remain significant challenges, and Colombia's infrastructure requires major improvements to sustain economic expansion.




    GDP (purchasing power parity):



    $511.1 billion (2012 est.)

    country comparison to the world: 29

    $491.5 billion (2011 est.)

    $460.8 billion (2010 est.)

    note: data are in 2012 US dollars




    GDP (official exchange rate):



    $366 billion (2012 est.)



    P - per capita (PPP):



    $11,000 (2012 est.)

    country comparison to the world: 110

    $10,700 (2011 est.)

    $10,100 (2010 est.)

    note: data are in 2012 US dollars




    Gross national saving:



    20.4% of GDP (2012 est.)

    country comparison to the world: 74

    20.9% of GDP (2011 est.)

    19.1% of GDP (2010 est.)























About colombia

History


    Colombia was one of the three countries that emerged from the collapse of Gran Colombia in 1830 (the others are Ecuador and Venezuela). A nearly five-decade long conflict between government forces and anti-government insurgent groups, principally the Revolutionary Armed Forces of Colombia (FARC) heavily funded by the drug trade, escalated during the 1990s. More than 31,000 former paramilitaries had demobilized by the end of 2006 and the United Self Defense Forces of Colombia as a formal organization had ceased to function. In the wake of the paramilitary demobilization, emerging criminal groups arose, whose members include some former paramilitaries. The insurgents lack the military or popular support necessary to overthrow the government, but continue attacks against civilians. Large areas of the countryside are under guerrilla influence or are contested by security forces. In October 2012, the Colombian Government started formal peace negotiations with the FARC aimed at reaching a definitive bilateral ceasefire and incorporating demobilized FARC members into mainstream society and politics. The Colombian Government has stepped up efforts to reassert government control throughout the country, and now has a presence in every one of its administrative departments. Despite decades of internal conflict and drug related security challenges, Colombia maintains relatively strong democratic institutions characterized by peaceful, transparent elections and the protection of civil liberties.