Colombia: Selected Economic Indicators

 

2000

2001

2002

2003

Prel.

2004

Proj.

2005

(Annual percentage change, unless otherwise indicated)

National income and prices

 

 

 

 

 

 

Real GDP

2.9

1.5

1.9

4.0

4.0

4.0

Consumer prices (end-of-period)

8.7

7.6

7.0

6.5

5.5

5.0

Nominal exchange rate (end-of-period, depreciation +)

19.0

2.8

25.0

-3.0

-14.0

...

Real effective exchange rate (depreciation-)

-2.6

1.5

-17.4

-5.2

11.4

...

Money and credit 1/

 

 

 

 

 

 

Broad money

-2.1

7.0

5.3

6.5

16.7

11.1

Credit to the private sector

-8.6

1.7

4.0

9.2

12.2

14.6

Real interest rate (90-day time deposits; percent per year)

4.2

3.6

0.7

1.4

2.2

...

(In percent of GDP, unless otherwise indicated)

External sector

 

 

 

 

 

 

Current account (deficit-)

0.9

-1.4

-1.7

-1.5

-1.0

-2.8

External debt

46.1

47.5

52.3

46.0

37.1

35.9

Of which: public sector

26.3

28.5

31.9

29.6

24.1

22.7

Net official reserves (in months of imports of goods and services)

6.6

7.8

7.6

6.5

7.1

6.5

Savings and investment

 

 

 

 

 

 

Gross domestic investment

13.7

14.5

14.2

14.9

14.0

15.3

Gross national savings

14.6

13.2

12.6

13.5

12.9

12.5

Public finances

 

 

 

 

 

 

Combined public sector balance

-3.4

-3.2

-3.7

-2.7

-1.3

-2.5

Nonfinancial public sector balance

-3.5

-3.5

-4.2

-3.2

-1.7

-2.5

Central administration balance

-5.7

-5.7

-6.4

-5.4

-5.5

-6.1

Public sector debt 2/ 3/

47.7

51.8

60.2

56.0

52.9

50.4

Sources: Colombian authorities; and IMF staff estimates and projections.