Colombia vs Mongolia: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Colombia |  Mongolia |
|---|---|---|
| GDP | $331B | $13.1B |
| GDP growth, 1 year | 2.7% | 6.9% |
| GDP growth, 5-years average | 2.8% | 4.7% |
| Population | 49.1M | 3.1M |
| GDP per capita | $6.7k | $4.1k |
| GDP per capita growth | 1.02% | 5.32% |
| Purchasing Power Parity conversion factor | 1312.74 | 738.48 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.44 | 0.3 |
| GDP per capita, PPP adjusted | $15k | $13k |
| GNI, Atlas method | $306.9B | $11.6B |
| GNI per capita | $6.2k | $3.7k |
| GNI, PPP adjusted | $718.9B | $39.6B |
| GNI per capita, PPP adjusted | $14k | $13k |
Financial system and Human development
| Stat | Colombia | Mongolia |
|---|---|---|
| Income Tax Rate | 39% | 10% |
| Corporate Tax Rate | 33% | 25% |
| Inflation, consumer prices | 3.2% | 7.7% |
| Inflation, GDP deflator | 3.7% | 8.1% |
| Unemployment | 9.1% | 6.3% |
| Economic Freedom Index | 69.2 | 55.9 |
| Personal Freedom Index | 6.93 | 7.63 |
| Human Freedom Index | 6.78 | 7.17 |
| Property Rights Index | 61.1 | 50.3 |
| Judical Effectiveness Index | 32.8 | 23 |
| Business Freedom Index | 71.3 | 63.6 |
| Fiscal Health Index | 85.5 | 9.3 |
| Labor Freedom Index | 78 | 75.7 |
| Investment Freedom Index | 80 | 50 |
| Financial Freedom Index | 70 | 60 |
| Trade Freedom Index | 81.2 | 74 |
| Monetary Freedom Index | 77.5 | 74.2 |
| Government Spending Index | 77 | 66.6 |
| Tax Burden Index | 70.4 | 87.4 |
| Government Integrity Index | 46.1 | 36.9 |
| Corruption Perceptions Index | 36 | 37 |
| Life expectancy at birth, years | 76.9 | 69.5 |
| Suicide mortality rate, per 100,000 people | 7.2 | 13 |
| Mortality caused by road traffic injury, per 100,000 people | 18.5 | 16.5 |
| Intentional homicides, per 100,000 people | 24.9 | 6.2 |
| International tourism, number of arrivals | 3.9M | 529k |
Government debt & reserves
| Stat | Colombia | Mongolia |
|---|---|---|
| Central government debt, % of GDP | 50.5% | 73.3% |
| External debt stocks, % of GNI | 42.3% | 253.9% |
| External debt stocks | $134.9B | $29.4B |
| Short-term debt, % of total reserves | 31.5% | 87.3% |
| Total debt service, % of exports and primary income | 40.8% | 101.6% |
| Adjusted net savings including particulate emission damage, % of GNI | 2.8% | -10.3% |
| Gross savings, % of GDP | 15.1% | 30.3% |
| Gross capital formation, % of GDP | 21.2% | 43.1% |
| Total reserves including gold | $47.9B | $3.5B |
| Foreign direct investment net inflows | $11.5B | $2B |
Exports, imports and economic structure
| Stat | Colombia | Mongolia |
|---|---|---|
| Exports of goods and services, % of GDP | 15.9% | 58.7% |
| Imports of goods and services, % of GDP | 20.8% | 64.2% |
| Current account balance (balance of payments) | -$13B | -$1.9B |
| Revenue excluding grants, % of GDP | 22.9% | 24.9% |
| Grants excluding technical cooperation, BoP | $741.3M | $115.6M |
| Personal remittances received | $6.4B | $440.6M |
| Industry including construction value added, % of GDP | 26.7% | 38.7% |
| Agriculture, forestry and fishing value added, % of GDP | 6.3% | 10.8% |
| Charges for the use of intellectual property, payments BoP | $471.4M | $16.1M |
| Charges for the use of intellectual property, receipts BoP | $105.6M | $1.4M |
| Expense, % of GDP | 25.3% | 23.8% |
| Government Expenditure, % of GDP | 27.7% | 33.4% |
