Colombia: Recent Economic Developments

International Monetary Fund

No 1995/013, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Colombia during 1990–95. In 1990–94, Colombia built upon the structural reforms initiated in the mid-1980s. The administration achieved its objective for output but not for inflation. Real GDP growth averaged 4.0 percent in 1990–94 and reached an estimated 5.3 percent in 1994. The rate of unemployment fell from 11 percent in early 1989 to 7.4 percent by the third quarter of 1994. Private savings declined from 15 percent of GDP in 1991 to an estimated 6 percent in 1994.

Keywords: ISCR; CR; private sector; interest rate; GDP; wage contract; U.S. dollar; current account; balance of payments; debt service; financial system; aggregate demand; Public sector; Agricultural commodities; Inflation; Capital inflows; Exports (search for similar items in EconPapers)
Pages: 136
Date: 1995-02-28
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