Colombia's Economy
Colombia at a Glance
An overview of Colombia, a country of about 52 million people with a long record of steady growth, its commodity exports and the legacy of armed conflict.
Colombia has about 52 million people.
Economy
- Oil and coal are the biggest exports.
- Coffee, flowers and bananas.
- Growing services and tourism.
Stability
Colombia avoided the hyperinflation and defaults seen in some neighbours.
Conflict
Decades of armed conflict with guerrillas like the FARC, paramilitaries and drug cartels.
Peace
A 2016 peace agreement ended the FARC conflict.
Challenges
Inequality, informality and continuing violence in some regions.
The two images
Colombia was once known for cartels; now travellers visit Medellín and Cartagena.
Thinking Colombia's economy is only drugs
Oil, coffee and services are major.
Key takeaways
- Colombia has about 52 million people.
- Oil and coal are top exports.
- It avoided hyperinflation and default.
- A 2016 peace deal ended the FARC conflict.
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