What is The Economic Condition of Colombia?
Colombia is the main producer of emeralds and an important participant in gold, silver, iron, salt, platinum, petroleum, nickel, copper, hydropower and uranium and they are also big coffee exporters. The economy is dependent on manufacturing and agricultural exports. Rich in natural resources Colombia’s economy is heavily dependent upon them.
Colombia’s main exports include its well-known coffee, petroleum and petroleum products, emeralds, fruits, flowers, iron and steel, textiles and apparel. In the world’s second leading exporter of coffee, the economy is sensitive to fluctuations in the market price.