Economic Data 8:13 AM



It is really devastating to actually find out and research the Colombian Economy, what once was a growing country now is decaying financially. If we compare the Economic status from Colombia to lets say Japan we can clearly see that Colombia is not even close to Japan in that list. A study was done in Colombia by DANE (Department in charge of the statistics in Colombia,) in the year 2005, that states that the Colombian economy grew 5.21% compared in 2004, which also overpasses Ecuador, Brasil and Mexico but Venezuela, Chile and Peru grew more than Colombia. Professor Rafael Villareal has in charge an investigation from the Observatorio, states that the status of the Colombian Economy depends on the status of the world's economy, also the investigators say that the Colombian economy is definitely not stable. Another study was done by José Armando Hernández Bernal and showed that if we compared the PPI of a Colombian person to one from Japan it is really easy to observe that the Japanese individual is 12 times superior to a Colombian individual. The PPI of Japan in the year 2006 was 26.000 US$, while the Colombian PPI for the same year was 2.100 US$.
Hopefully one day Colombia's economy will grow and take the advantage of it's climate, tropics and more. An example of this is that the floriculture, which only took 30 years to convert Colombia in the second productor most important in the world besides Holand, another fact is the sugar and other derives from sugar which is the highest sector in productivity (96 tons per year) in the world. Another great resource is the tourism that also leads to agriculture, sports ,adventures, sun and beaches, history and culture and more. Even with all these magnificent advantages that Colombia have it is still very scary connecting it to unemployment and many more factors that hurt the country.

Resources:
(one is in spanish)
*) http://www.universia.net.co/noticias/mas-noticias/el-crecimiento-de-la-economia-colombiana-no-es-sostenible.html
*) http://www.zonaeconomica.com/causas-efectos-ciclos-economicos/macroeconomia-colombia

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