Colombia: Selected Issues

May 29, 2018

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Format: Chicago

Colombia: Selected Issues, (USA: International Monetary Fund, 2018) accessed November 24, 2024

Summary

This Selected Issues paper examines the export growth in Colombia. Colombian exports are heavily concentrated in commodities but the large real depreciation since 2015 offers an opportunity to grow nontraditional exports substantially. Colombia’s comparative advantage in noncommodity products was weak in 2013-15, and export diversification was low, partly owing to the commodity price boom. Exports grew moderately in recent years but in line with historical relationships given fundamentals. The export outlook is positive. Given global growth assumptions, the IMF staff’s models predict acceleration in export growth. The historical experience of commodity exporters suffers large real depreciations also paints a positive picture.

Subject: Depreciation, Education, Expenditure, Export performance, Exports, International trade, Labor, National accounts

Keywords: Commodity, Commodity exporter, CR, Deficit, Depreciation, Entry cost, Expenditure restraint, Export, Export elasticity, Export performance, Exports, Global, ISCR, Oil revenue, Subnational government, Trading partner, Western Hemisphere

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/129
Stock No:

1COLEA2018002
ISBN:

9781484357743
ISSN:

1934-7685

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