Gross domestic product growth
According to provisional estimates
by the National Administrative Department of Statistics (DANE), the Colombian economy grew
by 0.6% in 1998. This rate is similar than that registered in 1982 (0.9%). Sectors that in
1998 contributed to the economic decrease were: construction (-14.4%), the financial
sector (-11.5%) and the manufacturing without coffee threshing (-0.5%). The communication
sector reduced its growth rate from 18.1% in 1997 to 8.8% in 1998. On the other hand, the
only sector that registered an important growth rate was the mining sector (10.0%).
Likewise, during 1998, the value added of the agriculture, fishery, forestry and hunting
sector increased by 0.8%, an improvement over 0.1% growth rate observed in 1997. Comparing
with the behavior of 1997, in 1998, almost all sectors registered lower growth rates.
REAL GDP GROWTH BY
SECTOR %
SECTOR |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996pr |
1997p |
1998p |
| Agriculture
and cattle, fishery, forestry and hunting |
7.46 |
2.85 |
0.75 |
0.67 |
(0.28) |
2.56 |
0.87 |
(0.10) |
0.83 |
| a. Roasted
non-decaffeinated coffee 1/ |
24.72 |
3.45 |
9.96 |
(16.10) |
(11.64) |
1.09 |
(6.35) |
(3.25) |
12.48 |
| b. Agriculture and
Cattle without coffee |
3.28 |
2.54 |
(2.10) |
6.59 |
2.92 |
3.19 |
2.94 |
0.24 |
(0.63) |
| c.. Fishery, forestry
and hunting |
3.85 |
5.50 |
1.30 |
(2.41) |
(3.05) |
(4.49) |
(10.10) |
2.81 |
(4.39) |
| Mining and
quarry exploitation |
5.92 |
(0.64) |
(3.88) |
(1.66) |
1.62 |
21.68 |
7.69 |
2.78 |
10.01 |
| Electricity,
gas and water |
3.77 |
3.06 |
(5.80) |
14.03 |
6.16 |
5.08 |
2.84 |
4.43 |
1.22 |
| Manufacturing
2/ |
1.95 |
2.06 |
1.90 |
4.78 |
3.20 |
3.81 |
(3.84) |
2.52 |
(0.49) |
| Construction |
(13.07) |
0.25 |
7.26 |
18.20 |
19.23 |
4.21 |
(0.48) |
(3.08) |
(14.37) |
| Trade,
repairs, restaurants and hotels |
2.82 |
0.43 |
2.55 |
9.14 |
6.08 |
8.23 |
(0.33) |
3.96 |
0.89 |
| Transport,
storage and communication |
3.74 |
3.44 |
5.33 |
4.35 |
5.80 |
4.74 |
4.51 |
5.59 |
3.73 |
| a. Transport |
1.74 |
2.42 |
5.78 |
4.45 |
5.54 |
3.53 |
3.60 |
0.94 |
1.46 |
| b. Mail Services and
telecomunications |
11.99 |
7.25 |
3.72 |
3.96 |
6.78 |
9.13 |
7.65 |
18.14 |
8.76 |
| Financial,
insurance, real state and service institutions |
6.20 |
4.94 |
3.54 |
5.29 |
13.02 |
8.32 |
4.73 |
2.48 |
(2.64) |
| a. Finance and
services 3/ |
9.29 |
6.18 |
4.07 |
6.38 |
18.77 |
13.01 |
5.75 |
1.78 |
(11.51) |
| b. Housing |
2.90 |
3.53 |
2.92 |
4.00 |
6.10 |
2.00 |
3.20 |
2.73 |
2.66 |
| Social
services, commons and personals 4/ |
2.75 |
1.03 |
8.51 |
1.05 |
3.81 |
6.86 |
9.44 |
4.02 |
0.98 |
| a. Domestic |
2.00 |
2.00 |
2.00 |
2.40 |
2.39 |
2.40 |
1.80 |
(1.76) |
(1.74) |
| b. Public
administration services (Government) |
2.85 |
(0.32) |
12.52 |
0.20 |
2.74 |
7.67 |
10.90 |
4.56 |
0.88 |
| Minus:
Imputedo banking services |
(3.36) |
9.30 |
(3.61) |
13.80 |
16.20 |
20.06 |
9.20 |
2.85 |
(14.13) |
| Value added
subtotal |
4.13 |
2.10 |
3.10 |
3.75 |
4.71 |
5.52 |
2.00 |
2.58 |
0.71 |
| Plus taxes
except IVA |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
1.53 |
(0.29) |
| Minus :
Subventions |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
12.05 |
6.89 |
| Plus non
deducible IVA |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
5.60 |
(0.62) |
| Plus: Duties
and taxes on imports |
9.76 |
(1.35) |
36.68 |
48.19 |
25.99 |
10.64 |
2.80 |
11.61 |
0.54 |
| GROSS DOMESTIC
PRODUCT |
4.28 |
2.00 |
4.05 |
5.39 |
5.81 |
5.83 |
2.05 |
2.76 |
0.60 |
|
n.a.: Not
available.
pr: Preliminary.
p : Provisional.
1/ Include parchment coffee and coffee thrashing.
2/ Without coffee trashing.
3/ Until 1996, included services,non financial and non real state
institutions.
4/ Include learning , social and health services.
Source: National
Administrative Department of Statistics(NADS). |
