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Colombia - Economic memorandum (Vol. 2) : Statisical appendix (Inglês)

During the 1968-74 period accelerated growth of the Colombian economy was accompanied by a structural transformation toward an urban, industrial economy more interdependent with the world economy. This was followed by a slowdown, but the economy began to recover in the second half of 1975, and the balance of payments improved sharply. Over the longer term the pace of development will be significantly influenced by external factors such as the world coffee price, growth of nontraditional exports, and inflow of external capital. Good crops and resumption of export growth are expected, but both public and private investment will have to increase significantly to sustain a favorable rate of growth. Development of new mineral resources for export should help strengthen Colombia's foreign exchange position. Heavy reliance on the private sector to generate the impetus for growth will continue, requiring a balanced public financial position. Export earnings should increase because of favorable coffee prices, good prospects for other agricultural exports, and the recovery of the manufactured goods export market. Long term creditworthiness should be strong.

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