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Economic Performance in the second quarter of 2001 |
In 2001 GDP grew by 1.56% in Colombia, showing a deceleration from the rate of growth
registered in 2000 of 2.8%. Inflation continued to descend and at the end of the year was
a slight below the target level fixed by the Board of Director in accord with the
Government. The current account turned deficitary for the first time since 1999, due to a
lower export and higher imports. At the end of 2001, international reserves stood at US$
10.2 billion equivalent to 9.8 month of goods imports, 7.6 of goods and services and 2.8
times the short-term external debt balance.
ECONOMIC PERFORMANCE IN THE SECOND QUARTER OF 2001 1/
ECONOMIC PERFORMANCE IN 2001 1/ |
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| YEARS | GROWTH | UNEMPLOYMENT RATE (%) |
CURRENT ACCOUNT (% of GDP) |
GROSS INTERNATIONAL RESERVES (Months of imports of goods and services) |
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| GDP (%) |
CPI (%) |
PPI (%) |
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| 1990 | 4.3 | 32.4 | 29.9 | 10.6 | 1.2 | 7.6 |
| 1991 | 2.0 | 26.8 | 23.1 | 9.4 | 4.8 | 11.6 |
| 1992 | 4.1 | 25.1 | 17.9 | 9.8 | 1.5 | 11.2 |
| 1993 | 5.4 | 22.6 | 13.2 | 7.8 | -3.4 | 8.1 |
| 1994 | 5.8 | 22.6 | 20.7 | 8.0 | -4.5 | 7.0 |
| 1995 | 5.2 | 19.5 | 15.4 | 9.5 | -5.0 | 6.3 |
| 1996 | 2.1 | 21.6 | 14.5 | 11.3 | -4.9 | 7.3 |
| 1997 | 3.4 | 17.7 | 17.5 | 12.0 | -5.5 | 6.5 |
| 1998 | 0,6 | 16.7 | 13.5 | 15.6 | -5.3 | 6.0 |
| 1999 | -4,2p | 9,2 |
12.7 | 18.0 | 0,4 p | 7,3 p |
| 2000 | 2,7p | 8.8 | 11.0 | 19.5 | 0,5 pr | 7,5 pr |
| 2001 | 1,6p | 7.7 | 6.9 | 16.8 | -2,0 pr | 7,6 pr |
p: Provisional. pr:
Preliminar.
1/ Since 1994, the statistics correspond to the new measurement of the
Balance of Payment, according to the Balance of Payment Methodology of the 5th
International Edition of the Monetary Fund Balance of Payment Manual.
2/ This indicator is calculated over quarter nominal GDP in pesos,
published by DANE
Source: National Administrative Department of Statistics (DANE), National
Planning Department ( DNP) and Banco de la República.
Economic Information
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