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However, Colombia's agricultural share of GDP decreased during the 1990s by less than in many of the world's countries at a similar level of development, even though the share of coffee in GDP diminished in a dramatic way. Agriculture has nevertheless remained an important source of employment, providing a fifth of Colombia's jobs.
The ministry must present plans and programs to the National Development Plan and prepare and present to the Congress of Colombia draft laws related to these sectors. The ministry of Agriculture must define with the Ministry of Foreign Affairs, the international negotiations related to these sectors. The Ministry is also entitled to create ...
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Along with climate and corresponding types of vegetation, the economy of a nation also influences the level of agricultural production. Production of some products is highly concentrated in a few countries, China, the leading producer of wheat and ramie in 2013, produces 95% of the world's ramie fiber but only 17% of the world's wheat.
Colombia's international reserves have remained stable at around $8.35 billion, and Colombia has successfully remained in international capital markets. Colombia's total foreign debt at the end of 1999 was $34.5 billion with $14.7 billion in private sector and $19.8 billion in public sector debt.
The total irrigated area in Colombia was around 50000 ha until 1950. From 1960 through 1990, private irrigated area expanded at an average annual rate of 15000 ha. [1] In 1990, a total of 3.8 million ha were cultivated in Colombia, 750,000 ha, or approximately 10%, of which was equipped with irrigation or drainage facilities. [2]
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.
Before the 1990s, harvesting coca leaves had been a relatively small-scale business in Colombia. [3] Though Peru and Bolivia dominated coca-leaf production in the 1980s and early 1990s, manual-eradication campaigns there, the successful rupture of the air bridge that previously facilitated the illegal transport of Bolivian and Peruvian coca leaf to Colombia, and a fungus that wiped out a large ...