Colombia Economy

The Colombian economy with a population of 45.58 Million (Est 2010) ranks 28th in the world with a GDP PPP of 396 billion and GDP PPP per capita of 9,046 vs 45,934 (United States) according to the IMF in 2009. Its currency is the Colombian Peso (COP). Bank deposits held for a fixed term in Colombia are called certificates of deposits. Data from the CIA.gov indicates that inflation in Colombia was 7% (2008 est.) and 4.2% (2009 est.)