Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Intelligence
  • Advertising
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colombia’s economy 4th-largest in LatAm: study

by Daniel Brody June 30, 2010

A statistical analysis by the National Association of Businessmen in Colombia (ANDI) finds that Colombia’s economy is the fourth-largest in Latin America.

The study’s results represent a net gain for the Colombian economy compared with eight years ago.

In 2002, Colombia had the seventh-largest GDP in Latin America, at $90 billion. In 2009, that figure went up to about $200 billion, helping Colombia to climb into fourth place.

Coming in first place for Latin America is Brazil, followed by Mexico and Argentina, who only barely stayed ahead of Colombia to take third place.

Colombia’s Finance Minister Oscar Ivan Zuluaga echoed the report’s findings, and credited an increase in foreign investment to the rise in GDP.

In spite of the good news, other economists were less excited by the study’s results. Stanley Malinowitz, an economist at Colombia’s National University, said that much of the growth in Colombia’s GDP has come from industries such as mineral extraction, which create few jobs and have not helped to lower Colombia’s inequality or unemployment rates.

andieconomyGDPOscar Ivan Zuluaga

Trending

  • Colombia’s defense minister dies of COVID

  • Colombia’s corporate media taking part in possibly illegal intelligence operations

  • Far-right Duque supporters say ‘we will finish’ one of Colombia’s worst massacres

Weekly interviews and news updates

Related articles

  • Colombia not considering new coronavirus lockdown

  • Colombia’s central bank slightly more optimistic about coronavirus recession

  • Duque goes blank as Colombia’s economic crisis turns catastrophic

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top