Colombia

The growth rate of Colombia’s gross domestic product, which had been low in 1965 (3.2 per cent), showed signs of recovery during 1966. This was partly because by the end of November the volume of imports, which had contracted in 1965, had been stabilized at a high level, providing an impetus not only for industrial production but also for services, such as transport and commerce. Moreover, with the liberalization of imports, investment in machinery—to meet the latent demand created by the import restrictions imposed the previous year—increased by over 10 per cent. However, the recession in construction continued and total fixed investment only expanded by a little over 4 per cent in relation to 1965.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions