Question

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In three to four sentence explain why Columbia's economy is not growing faster and what the government is planning to do about this.

Answer 1

Colombia GDP Growth Rate. Colombia is the fourth biggest economy in Latin America. In recent years, the country has been growing rapidly, mostly due to a rise in exports of commodities such as oil, coal and coffee.

agriculture: 6.6%; industry: 37.8%; services: 55.6% (2013 est.) All values, unless otherwise stated, are in US dollars. Colombia is Latin America's fourth largest and Middle America's second largest economy measured by gross domestic product. Petroleum is Colombia's main export, making over 45% of Colombia's exports.

Colombia is Latin America's fourth largest and Middle America's second largest economy measured by gross domestic product. Petroleum is Colombia's main export, making over 45% of Colombia's exports. Manufacturing makes up nearly 12% of Colombia's exports, and grows at a rate of over 10% a year.

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