Country profile
Colombia
An exporter of oil, coal, coffee, gold and cut flowers, with the US as its main market.
Updated 11 November 2026. Sources at the bottom of the page.
- Capital
- Bogotá
- Population
- 53.4 million (2026)
- Currency
- Colombian peso (COP)
- GDP, 2026
- US$573 billion
- Exports, 2025
- US$50.2 billion
- Exchange rate
- 1 USD = 3,277 COP (11 Nov 2026)
Economy
IMF World Economic Outlook, October 2026. 2026 and 2027 are IMF projections.
2.2%Real GDP growth, 2026
2.3%Real GDP growth, 2027
6%Inflation, 2026
9%Unemployment, 2026
59.5% of GDPGovernment debt, 2026
-2.6% of GDPCurrent account, 2026
Compare Colombia with other countries →
Trade
Top export markets
Share of the country’s exports, 2025
- United States (29.6%)
- Panama (7.3%)
- India (4.3%)
- Brazil (3.8%)
- Nigeria (3.8%)
Main exports
Product groups, share of exports
- Mineral fuels, mainly crude oil and coal (34.9%)
- Coffee (11.9%)
- Gold and precious metals (9.7%)
- Cut flowers and plants (4.9%)
- Fruits, mainly bananas and avocados (4.4%)
Main trade agreements
- US–Colombia Trade Promotion Agreement
- EU–Colombia, Peru and Ecuador Trade Agreement
- Pacific Alliance (with Chile, Mexico and Peru)
- Andean Community
- Free trade agreements with Canada, Korea, the UK and others
Trade policy to watch
- Energy policy: the government stopped awarding new oil and gas exploration contracts, which may reduce future output.
- Peso: the peso moves with oil prices and politics.
- Nearshoring: Colombia offers duty-free access to the US for clothing, chemicals and food under its trade agreement.
Energy
Hydropower produces about two-thirds of Colombia's electricity, which makes it vulnerable to El Niño droughts. Colombia produces oil and coal for export, and solar is growing.
What it means for your supply chain
- Colombia is a source of coffee, cut flowers, coal, chemicals and clothing for the US market.
- Droughts can raise power prices and affect factories.
- Panama is a common transshipment point for Colombian exports.
Sources
- IMF, World Economic Outlook, October 2026: GDP, growth, inflation, unemployment, government debt, current account (2026 and 2027 are projections; updated automatically).
- IMF, World Economic Outlook database: population (2026 estimate).
- Trading Economics, based on UN Comtrade data: export markets and main exports; shares calculated from the listed values.
- Rates by Exchange Rate API (open access rates; updated daily).
- Energy Institute, Statistical Review of World Energy 2026: energy profile.
Figures are the latest published at the time of the update and may since have been revised. This page is for general information, not investment or legal advice.