Colombia

An unusually favourable external circumstance, the high price of coffee, ensured a 13 per cent increase in Colombia’s gross income for 1954—the highest in the last five years—despite the altered situation during the second half of the year. A compensatory policy prevented this expansion from assuming an inflationary character during the first six months and from relapsing into a depression later in the year, when lower coffee prices modified the anticipated results. The high investment coefficient (17.9 per cent) was exceeded during the last five years only by that of 1953 (20 per cent).

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions