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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.
Colombia's minimum wage will increase by 12% in 2024, Labor Minister Gloria Ines Ramirez said on Friday, taking the figure to 1.3 million pesos ($340) per month. The increase in the minimum wage ...
In 2010, 3.4% of the children under 5 years old in Colombia suffer from global malnutrition (deficiency of weight for age) and up to 13% suffer from chronic malnutrition (deficiency of height for age). The situation is worse for the indigenous peoples of Colombia, who in the same indicators recorded rates of 7.5% and 29.5% respectively. [7]
Colombia's economy was recovering from the crisis, with an unemployment rate of 28 percent at the time of the elections, twice as high as five years earlier. The crisis was caused, among other factors, by the weakness of the prices of raw materials; the events revealed underlying weaknesses in the economy, including poor infrastructure ...
The growing cut-flower industry has contributed to the expansion of Colombia's economy. Colombia is now the 2nd-largest exporter of cut flowers in the world, and the 3rd-largest producer of roses. [15] The cut-flower industry began in 1966 and continues to grow to this day. The industry is the largest employer of women in the country.
The average level of non-revenue water (physical and economic losses) in Colombia in 2006 is estimated to be 49%. [6] This level is higher than the Latin American average (approximately 40%) and the regulatory goal of 30%. In the past, the national average of non-revenue water was estimated 40% in 2001, which is almost the same as in 1990. [40]
The actress wrote in the LA Times, "My parents came here from Colombia during a time of great instability there. Escaping a dire economic situation at home, they moved to New Jersey, where they ...
Department Population (2020) GDP (bil. COP) [1] GDP (bil. US$) GDP per capita () GDP per capita() Bogotá: 7,743,955: 357,258.621: 83.909 46.133.871 11.849 Antioquia