Colombia’s economy is financially stable, as it isn’t necessarily poor but isn’t wealthy either. As of 2023, it has a GDP of $363.494 billion and a GDP Per Capita of $18,700. The GDP is ranked 39th in the world, and in 2023 had a 0.61% growth rate. To compare, Brazil has a GDP Per Capita of $19,000, Ecuador has a GDP Per Capita of $14,500, and Panama has a GDP Per Capita of $35,900 (all 2023 est.). The 3 main sources of income in Colombia are agriculture, industry, and services, with GDP’s of 8.7%, 24.6%, and 56.9%. As of 2024, the inflation rate is 11.74%. Most of this inflation comes from the large industrial economy, Colombia’s largest industries being textiles, food processing, oil, clothing and footwear, beverages, chemicals, and cement. Unfortunately, in 2023, the industrial production growth rate went down by 1.95%. To run these industries is a huge labor force, formed by 26.294 million Colombians (2023 est.). Unfortunately, there is also quite a bit of unemployment, with 9.57% of the adult population being unemployed and 19.3% of the youth population being unemployed. Colombia’s economy is widely run by its vast amounts of exports, fueling many countries. The most prominent exports include crude petroleum, coal, coffee, refined petroleum, and gold, and its most active buyers are Panama, Netherlands, US, and India. Colombia also has a large need for imports, big ones being refined petroleum, cars, broadcasting equipment, corn, and packaged medicine. Most of these come from the US, China, Brazil and Mexico. In conclusion, Colombia is a middle-class country with a stable economy that is growing at a healthy rate.