Economy of Colombia

Economy of ColombiaBogotá, the financial centre of ColombiaCurrencyColombian peso (COP)Fiscal yearCalendar yearTrade organizationsWTO, OECD, Pacific Alliance, CANCountry group Developing/emerging Upper middle income economy StatisticsPopulation 52,400,145 (2023)GDP $539.53 billion (nominal; 2026) $1.26 trillion (PPP; 2026) GDP rank 32nd (nominal; 2026) 32nd (PPP; 2026) GDP growth 2.6% (2025) 2.3% (2026) GDP per capita $10,103 (nominal; 2026) $23,576 (PPP; 2026) GDP per capita rank 89th (nominal; 2026) 85th (PPP; 2026) GDP per capita growth1.6% (2025)GDP by sector agriculture: 7.2% industry: 30.8% services: 62.1% (2017 est.) Inflation (CPI) 6.6% (2024)Population below national poverty line 31.8% in poverty (2024) 37% on less than $8.30/day (2024) Gini coefficient 54.4 high (2024)Human Development Index 0.788 high (2023) (83rd) 0.593 medium IHDI (96th) (2023) Labor force 27,099,025 (2025) 58.6% employment rate (2025) Labor force by occupation agriculture: 17% industry: 21% services: 62% (2011 est.) Unemployment 8.3% (2025)Youth unemployment 17.7% (2025)Average gross salaryCol$1,761,494 / $384 monthly (2022)Main industriestextiles, food processing, oil, clothing and footwear, beverag