Colombia: Recent Economic Developments
February 28, 1995
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This paper reviews economic developments in Colombia during 1990–95. In 1990–94, Colombia built upon the structural reforms initiated in the mid-1980s. The administration achieved its objective for output but not for inflation. Real GDP growth averaged 4.0 percent in 1990–94 and reached an estimated 5.3 percent in 1994. The rate of unemployment fell from 11 percent in early 1989 to 7.4 percent by the third quarter of 1994. Private savings declined from 15 percent of GDP in 1991 to an estimated 6 percent in 1994.
Subject: Agricultural commodities, Balance of payments, Capital inflows, Commodities, Economic sectors, Exports, External debt, Inflation, International trade, Prices, Public sector
Keywords: aggregate demand, Agricultural commodities, balance of payments, Capital inflows, CR, current account, debt service, Exports, financial system, GDP, Inflation, interest rate, ISCR, private sector, Public sector, U.S. dollar, wage contract
Pages:
136
Volume:
1995
DOI:
---
Issue:
013
Series:
Country Report No. 1995/013
Stock No:
1COLEA0011995
ISBN:
9781451808711
ISSN:
1934-7685
Notes
This report on recent economic developments in Colombia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
