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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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