Colombia over the last decade has experienced a historic economic boom despite past issues. In 1999, Colombia was Latin America's 5th Largest economy and had a GDP per capita of only $5,500, however it surpassed Ukraine becoming Latin America's 3rd largest economy, and the world's 27th largest in 2013. As of 2014, the GDP PPP per capita has increased to over $ 13,000 and GDP PPP increased from US $210 Billion in 1999 to nearly US$700 Billion. Poverty levels were as high as 63\% in 1999, but decreased to under 25\%. Modern Industries like Shipbuilding, Electronics, Automobile, Tourism, Construction, and Mining, grew dramatically during the 2000s and 2010s, however, most of Colombia's exports are still commodity-based. Colombia is Latin America's 2nd largest producer of domestically-made electronics and appliances only behind Mexico. Colombia has the fastest growing major economy in the western world, and is only behind China worldwide.
Colombia over the last decade has experienced a historic economic boom despite past issues. In 1999, Colombia was Latin America's 4th Largest economy and had a GDP per capita of only $5,500, however by 2013 it surpassed Argentina becoming Latin America's 3rd largest economy, and the world's 27th largest in 2013. As of 2014, the GDP PPP per capita has increased to over $ 13,000 and GDP PPP increased from US $320 Billion in 1999 to nearly US$800 Billion. Poverty levels were as high as 63\% in 1999, but decreased to under 25\%. Modern Industries like Shipbuilding, Electronics, Automobile, Tourism, Construction, and Mining, grew dramatically during the 2000s and 2010s, however, most of Colombia's exports are still commodity-based. Colombia is Latin America's 2nd largest producer of domestically-made electronics and appliances only behind Mexico. Colombia has the fastest growing major economy in the western world, and is only behind China worldwide.
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5th
4th
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$5,500, however it surpassed Ukraine becoming Latin America's 3rd largest economy, and the world's 27th largest in 2013. As of 2014, the GDP PPP per capita has increased to over $
$5,500, however by 2013 it surpassed Argentina becoming Latin America's 3rd largest economy, and the world's 27th largest in 2013. As of 2014, the GDP PPP per capita has increased to over $
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$210 Billion in 1999 to nearly US$700
$320 Billion in 1999 to nearly US$800