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8.5

Colombia

Selected Economic and Social Data

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

Population ('000)

30,665

31,307

31,953

32,596

33,239

33,887

34,534

35,178

35,814

36,442

37,066

Growth Rate (%)

2.1

2.1

2.1

2.0

2.0

1.9

1.9

1.9

1.8

1.8

1.7

National Accounts

GDP, current prices (b. pesos)

8,824

11,731

15,127

20,228

26,107

33,515

43,898

57,982

73,561

88,828

107,946

GDP, 1975 prices (b. pesos)

655.2

682.0

705.1

735.3

750.0

780.3

822.3

870.2

916.8

935.1

965.0

Real GDP Growth Rate (%)

5.4

4.1

3.4

4.3

2.0

4.0

5.4

5.8

5.4

2.0

3.2

Real Per Capita GDP (1975 pesos)

21,366

21,784

22,067

22,558

22,564

23,027

23,811

24,737

25,599

25,660

26,035

Real Per Cap. GDP Growth Rate (%)

3.2

2.0

1.3

2.2

0.0

2.1

3.4

3.9

3.5

0.2

1.5

Gross Domestic Investment/GDP (%)

20.0

22.0

20.0

18.5

16.0

17.2

21.2

23.3

23.4

12.6

12.8

Prices

GDP Deflator (1980=100)

1,347

1,720

2,145

2,751

3,481

4,295

5,338

6,663

8,024

9,499

11,186

Annual Change (%)

23.4

27.7

24.7

28.2

26.5

23.4

24.3

24.8

20.4

18.4

17.8

Consumer Prices (1990=100)

48.0

61.5

77.4

100.0

130.4

165.6

203.1

251.5

304.2

365.8

433.6

Annual Change (%)

23.1

28.1

25.9

29.2

30.4

27.0

22.6

23.8

21.0

20.2

18.5

Balance of Payments (US$m)

Current Account Balance

336

(216)

(201)

542

2,349

901

(2,102)

(3,113)

(4,101)

(4,754)

(4,968)

Exports, fob

5,661

5,343

6,031

7,079

7,507

7,263

7,429

8,748

10,222

10,651

11,649

Imports, fob

3,793

4,516

4,557

5,108

4,548

6,029

9,086

11,040

12,921

12,784

14,041

Trade Balance

1,868

827

1,474

1,971

2,959

1,234

(1,657)

(2,292)

(2,699)

(2,133)

(2,392)

Factor Payments, net

(1,990)

(1,745)

(2,299)

(2,305)

(2,089)

(2,022)

(1,782)

(2,307)

(2,265)

(2,925)

(3,130)

Other Services, net

(543)

(262)

(274)

(150)

(219)

(45)

199

624

184

(228)

(38)

Transfers, net

1,001

964

898

1,026

1,698

1,734

1,138

862

679

532

592

Capital Account Balance

(1)

939

478

(2)

(777)

183

2,702

2,783

4,662

6,786

5,542

Direct Investment, net

293

159

547

484

433

679

719

1,515

2,033

3,254

5,303

Portfolio Investment, net

48

..

179

(4)

86

126

498

584

(170)

1,656

(136)

Other Investment, net

(342)

780

(248)

(482)

(1,296)

(622)

1,485

684

2,799

1,876

375

Errors and Omissions

67

(530)

157

70

191

190

(135)

482

(210)

(434)

(590)

Overall Balance

402

193

434

610

1,763

1,274

465

152

351

1,598

(16)

External Public Debt

Debt Outstanding,12/31 (US$m)

13,828

13,846

13,989

14,671

14,469

13,476

13,243

14,358

13,950

14,814

..

Debt Outstanding/GDP (%) [a]

38.0

35.3

35.4

36.4

35.1

30.5

26.0

20.9

17.3

17.3

..

Debt Service/Exports (%)

35.0

40.9

39.7

35.9

34.0

37.3

28.1

32.8

23.0

19.7

..

Consolidated Nonfinancial Public Sector (% of GDP)

Current Revenue

22.4

21.6

22.4

23.6

25.2

25.5

27.1

27.4

30.9

32.6

32.5

Current Expenditures

16.0

16.2

16.3

16.8

18.2

18.7

19.0

20.2

23.6

24.3

25.4

Current Surplus/Deficit

6.4

5.4

6.1

6.8

7.0

6.8

8.1

7.2

7.3

8.3

7.1

Capital Revenue

0.1

0.2

0.2

0.1

0.1

1.7

1.5

3.2

0.9

3.2

6.3

Capital Expenditures

8.0

7.4

7.9

7.2

6.9

8.7

9.4

7.7

8.7

12.5

13.5

Statistical Discrepancy

-0.3

-0.3

-0.3

..

..

..

..

..

..

..

..

Overall Surplus/Deficit

-1.8

-2.1

-1.9

-0.3

0.2

-0.2

0.2

2.7

-0.5

-1.0

-0.1

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