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Colombia will prioritize the diversification of its exports to reduce its dependence on oil, gas and mining and combat its high trade deficit, its new Finance Minister Jose Antonio Ocampo said on ...
Coal production (red) and exports (black), 1970-2012 Cerrejón coal mine. Colombia's coal output has increased consistently from 4 million tons in 1981 to 65.6 million tons in 2006, when it contributed 1.4 percent of the world's coal production. In 2006 Colombia accounted for 81 percent of the total coal production in Central and South America.
Colombia has a strong export sector, with petroleum, coal, emeralds, coffee, and cut flowers the top commodities exported in 2015. [119] BBVA Research suggests that consumption and investment have undergone an adjustment and caused domestic demand to fall below total GDP. [120] The economy is expected to grow at a rate of 2.4% in 2017. [94]
The economy of Colombia is the fourth largest in Latin America as measured by gross domestic product [19] and the third-largest economy in South America. [20] [21] Throughout most of the 20th century, Colombia was Latin America's 4th and 3rd largest economy when measured by nominal GDP, real GDP, GDP (PPP), and real GDP at chained PPPs. Between ...
Colombia's Constitutional Court denied on Monday proposals from the finance ministry to modify a ruling that struck down a ban on oil and mining companies deducting royalties from their taxes, in ...
The economy of the state of Florida is the fourth-largest in the United States, with a $1.695 trillion gross state product (GSP) as of 2024. [1] If Florida were a sovereign nation (2024), it would rank as the world's 15th-largest economy by nominal GDP according to the International Monetary Fund , ahead of Spain and behind South Korea .
BOGOTA, Colombia (AP) — Colombian President Gustavo Petro announced on Saturday that his country will suspend coal exports to Israel over the war in Gaza, as relations sour between two countries ...
The dominant U.S. import item from Colombia is crude oil (38% of U.S. imports from Colombia in 2005), followed by coal, other petroleum oils, precious and semi-precious stones, coffee, tea, and flowers and plants. [5] Two-thirds of U.S. exports to Colombia are manufactured goods. [6]