economy


Microsoft Excel Chart

Workforce facts
The monthly minimum wage for 2005 is 381,500 pesos or about $166 USD
The monthly transportation subsidy is 44,500 pesos or about $19 USD
Ten percent or more of the population earns the minimum wage
Consumer price inflation in 2004 was 5.5%, the lowest in 49 years
To compare the per capita income of Colombia to its neighbors click here








Colombia's IGBC stock index vs. the S&P 500
(Two year comparions in local currency, not adjusted for inflation)
for Bancolombia unconsolidated monthly results click here
Economic indicators as of January 2006
(USD are not based on the purchasing power parity method; population
 is significantly higher than the CIA estimate; source: Dinero magazine)


Recommended: Adventure Capitalist by Jim Rogers and the Millennium Adventure website
It's the ultimate road trip. Legendary investor Jim Rogers and his fiancé travel to 116 countries in a custom-built four-wheel-drive bright yellow Mercedes. Over three years, they make their way through war zones, are guarded by military convoys, observe a fifty-million-person pilgrimage, eat disgusting food, put the car on barges for transport between countries, and have their lives threatened at every turn. As well as describing his adventures, Rogers has plenty to say about the economies and roads he encounters on his journey. With his keen financial acumen, he picks out those countries with the highest prospective economic success and which ones are headed for disaster. All in all, a wonderful trip. "If Warren Buffett and Bill Bryson were trapped in a car with each other for three years, they might write like Jim Rogers." (B.O.T Editorial Review Board).