Colombia vs Mongolia: Economic Indicators Comparison

Colombia with a GDP of $331B ranked the 39th largest economy in the world, while Mongolia ranked 134th with $13.1B. By GDP 5-years average growth and GDP per capita, Colombia and Mongolia ranked 101st vs 39th and 94th vs 118th, respectively.

Gross Domestic Product & Income

StatColombiaMongolia
GDP$331B$13.1B
GDP growth, 1 year2.7%6.9%
GDP growth, 5-years average2.8%4.7%
Population49.1M3.1M
GDP per capita$6.7k$4.1k
GDP per capita growth1.02%5.32%
Purchasing Power Parity conversion factor1312.74738.48
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.3
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

StatColombiaMongolia
Income Tax Rate39%10%
Corporate Tax Rate33%25%
Inflation, consumer prices3.2%7.7%
Inflation, GDP deflator3.7%8.1%
Unemployment9.1%6.3%
Economic Freedom Index69.255.9
Personal Freedom Index6.937.63
Human Freedom Index6.787.17
Property Rights Index61.150.3
Judical Effectiveness Index32.823
Business Freedom Index71.363.6
Fiscal Health Index85.59.3
Labor Freedom Index7875.7
Investment Freedom Index8050
Financial Freedom Index7060
Trade Freedom Index81.274
Monetary Freedom Index77.574.2
Government Spending Index7766.6
Tax Burden Index70.487.4
Government Integrity Index46.136.9
Corruption Perceptions Index3637
Life expectancy at birth, years76.969.5
Suicide mortality rate, per 100,000 people7.213
Mortality caused by road traffic injury, per 100,000 people18.516.5
Intentional homicides, per 100,000 people24.96.2
International tourism, number of arrivals3.9M529k

Government debt & reserves

StatColombiaMongolia
Central government debt, % of GDP50.5%73.3%
External debt stocks, % of GNI42.3%253.9%
External debt stocks$134.9B$29.4B
Short-term debt, % of total reserves31.5%87.3%
Total debt service, % of exports and primary income40.8%101.6%
Adjusted net savings including particulate emission damage, % of GNI2.8%-10.3%
Gross savings, % of GDP15.1%30.3%
Gross capital formation, % of GDP21.2%43.1%
Total reserves including gold$47.9B$3.5B
Foreign direct investment net inflows$11.5B$2B

Exports, imports and economic structure

StatColombiaMongolia
Exports of goods and services, % of GDP15.9%58.7%
Imports of goods and services, % of GDP20.8%64.2%
Current account balance (balance of payments)-$13B-$1.9B
Revenue excluding grants, % of GDP22.9%24.9%
Grants excluding technical cooperation, BoP$741.3M$115.6M
Personal remittances received$6.4B$440.6M
Industry including construction value added, % of GDP26.7%38.7%
Agriculture, forestry and fishing value added, % of GDP6.3%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 GDP25.3%23.8%
Government Expenditure, % of GDP27.7%33.4%

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

Mongolia vs

CountryGDP
per capita
Population
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
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k