Gross domestic product growth
According to the last bulletin of
the National Statistics Administrative Department (DANE), the Gross Domestic
Product’s annual growth for the year 2000 was of 2.8%. This result shows a favorable
trend to an economic recovery, after the deep 1999 recession which registered a -4.25%
negative growth rate. The sectors that present positive behaviors are manufacturing
industry (9.67%), agricultural (5.22%), trade (5.20%), transportation (3.68%) and the
electrical sector (2.72%). On the contrary, and in spite of the good behavior of the
mining and communal services sectors which in 1999 registered annual growth rates of 4.74%
and 4.02% respectively, for the year 2000, they registered -5.76% and -1.08% negative real
growth rates, respectively. Finally, and in spite of the negative annual variation of the
construction sector by -1.46% for the year 2000, this fall is lower in 23.9 percentage
points than the one observed in 1999.
REAL GDP GROWTH BY
SECTOR %
| SECTOR |
1996 |
1997 |
1998 |
1999 p |
2000 p |
AGRICULTURE and LIVESTOCK,FISHING,
FORESTRY and HUNTING |
-1,24 |
0,65 |
0,08 |
-0,04 |
5,22 |
| MINING AND QUARRY EXPLOITATION |
7,29 |
3,69 |
14,13 |
4,74 |
-5,76 |
| ELECTRICITY, GAS AND WATER |
4,90 |
0,96 |
1,41 |
-3,49 |
2,72 |
| MANUFACTURING INDUSTRY |
-1,38 |
0,51 |
0,30 |
-12,48 |
9,67 |
| CONSTRUCTION |
-12,94 |
2,18 |
-9,09 |
-24,55 |
-1,46 |
| COMMERCE, REPAIRS, RESTAURANTS AND HOTELS |
-0,91 |
1,68 |
-2,29 |
-8,86 |
5,20 |
| TRANSPORTATION, STORAGE AND COMMUNICATIONS |
3,83 |
5,82 |
3,11 |
-3,00 |
3,68 |
| FINANCIAL, INSURANCE, REAL STATE AND SERVICE INSTITUTIONS |
5,17 |
4,92 |
-2,05 |
-6,38 |
0,04 |
| SOCIAL SERVICES, COMMUNAL AND PERSONAL |
16,18 |
7,19 |
2,75 |
4,02 |
-1,08 |
| Minus: Imputed
banking services |
16,74 |
2,72 |
-9,25 |
-23,31 |
-7,65 |
| Subtotal value added |
2,15 |
3,47 |
0,87 |
-3,55 |
2,89 |
| Plus taxes except IVA |
3,16 |
-4,28 |
3,26 |
-7,43 |
-4,53 |
| Minus: Subsidies |
8,00 |
9,14 |
18,64 |
1,14 |
16,26 |
| Plus non deducible IVA |
-0,04 |
5,84 |
-6,23 |
-13,53 |
5,31 |
| Plus: Duties and taxes on imports |
0,90 |
10,60 |
-1,41 |
-18,58 |
8,34 |
| GROSS DOMESTIC PRODUCT |
2,06 |
3,43 |
0,56 |
-4,25 |
2,80 |
|
p : Provisional.
Source: National Administrative Department of Statistics(DANE). |
