Colombia vs Estonia: Economic Indicators Comparison

Colombia with a GDP of $331B ranked the 39th largest economy in the world, while Estonia ranked 102nd with $30.7B. By GDP 5-years average growth and GDP per capita, Colombia and Estonia ranked 101st vs 71st and 94th vs 42nd, respectively.

Gross Domestic Product & Income

StatColombiaEstonia
GDP$331B$30.7B
GDP growth, 1 year2.7%3.9%
GDP growth, 5-years average2.8%3.4%
Population49.1M1.3M
GDP per capita$6.7k$23k
GDP per capita growth1.02%4.48%
Purchasing Power Parity conversion factor1312.740.55
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.65
GDP per capita, PPP adjusted$15k$34k
GNI, Atlas method$306.9B$27.9B
GNI per capita$6.2k$21k
GNI, PPP adjusted$718.9B$46.2B
GNI per capita, PPP adjusted$14k$35k

Financial system and Human development

StatColombiaEstonia
Income Tax Rate39%20%
Corporate Tax Rate33%20%
Inflation, consumer prices3.2%3.4%
Inflation, GDP deflator3.7%4.5%
Unemployment9.1%5.5%
Economic Freedom Index69.277.7
Personal Freedom Index6.939.04
Human Freedom Index6.788.44
Property Rights Index61.183.2
Judical Effectiveness Index32.873.7
Business Freedom Index71.373.5
Fiscal Health Index85.599.9
Labor Freedom Index7857.3
Investment Freedom Index8090
Financial Freedom Index7070
Trade Freedom Index81.286.4
Monetary Freedom Index77.578.6
Government Spending Index7753.3
Tax Burden Index70.481.1
Government Integrity Index46.185.9
Corruption Perceptions Index3673
Life expectancy at birth, years76.977.6
Suicide mortality rate, per 100,000 people7.217.8
Mortality caused by road traffic injury, per 100,000 people18.56.1
Intentional homicides, per 100,000 people24.92.2
International tourism, number of arrivals3.9M3.2M

Government debt & reserves

StatColombiaEstonia
Central government debt, % of GDP50.5%8.1%
External debt stocks, % of GNI42.3%N/A
External debt stocks$134.9BN/A
Short-term debt, % of total reserves31.5%N/A
Total debt service, % of exports and primary income40.8%N/A
Adjusted net savings including particulate emission damage, % of GNI2.8%15.2%
Gross savings, % of GDP15.1%28.2%
Gross capital formation, % of GDP21.2%26.2%
Total reserves including gold$47.9B$755M
Foreign direct investment net inflows$11.5B$1.2B

Exports, imports and economic structure

StatColombiaEstonia
Exports of goods and services, % of GDP15.9%74.3%
Imports of goods and services, % of GDP20.8%70.7%
Current account balance (balance of payments)-$13B$612.4M
Revenue excluding grants, % of GDP22.9%34.8%
Grants excluding technical cooperation, BoP$741.3M$120.3M
Personal remittances received$6.4B$566.5M
Industry including construction value added, % of GDP26.7%24.1%
Agriculture, forestry and fishing value added, % of GDP6.3%2.7%
Charges for the use of intellectual property, payments BoP$471.4M$64.7M
Charges for the use of intellectual property, receipts BoP$105.6M$15.9M
Expense, % of GDP25.3%35%
Government Expenditure, % of GDP27.7%39.4%

Compare with countries close by GDP per capita

Colombia vs

CountryGDP
per capita
Population
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k

Estonia vs

CountryGDP
per capita
Population
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M