Colombia - Economic position and prospects (Vol. 2 of 2) : Statistical appendix

FILE COPY Report No. 2235-CO Economic Position and Prospects of Colombia (In Two Volumes) Volume 11: Statistical Appendix January 17, 1979 Latin America and Caribbean Regional Office FOR OFFICIAL USE ONLY Document of the World Bank This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Currency Unit: Peso Exchange Rate Effective December 31, 1978 US$1.00 = Col$41.00 Col$1.00 = US$0.0244 Average Exchange Rate (Buying) 1974 1975 1976 1977 US$1.00 = Col$26.08 Col$30.95 Col$35.05 Col$36.998 Col$1.00 = US$0.0383 US$0.0323 US$0.0285 US$0.02703  FOR OFFICIAL USE ONLY STATISTICAL APPENDIX Tabl-e of Contents Population and Employment 1.1 Population, Natural Increase and Migration, 1960-1978. 1.2 Employment by Economic Activity in Selected Years, (000's) 1951-1973. 1.3 Unemployment Rates in Four Cities, 1963-1977. 1.4 Urban Underemployment and Participation Rates in Four Cities, 1971-1976. 1.5 Income Distribution in Colombia According to Seven Estimates. 1.6 Employment by Sectors in Four Cities: Bogota, Cali, Medellin, and Barranquilla. 1974-77. National Accounts 2.1 Gross Domestic Product at Factor Cost by Sector, 1960-1976. 2.2 Gross Domestic Product at Factor Cost by Sector in 1970 Prices, 1960-1976. 2.3 Gross Domestic Product, by Type of Expenditure in Current Market Prices, 1960-1976. 2.4 Gross Domestic Product, by Type of Expenditure in Constant Market Prices, 1960-1976. 2.5 National Income Components, 1960-1976. 2.6 Investment and its Financing, 1960-1976. 2.7 Personal Income, 1960-1976. 2.8 General Government, Current Income Receipts, 1958-1976. 2.9 General Government, Current Expenditures and Savings,'1958-1976. 2.10 Implicit Price Deflators for Gross Domestic Product, 1958-1976. 2.11 Incremental Capital - Output and Domestic Savings Ratios, 1960-1976. 2.12 Sector Wages and Salaries as Percentage of Sector Value Added and of Total Wages and Salaries, 1950-1976. 2.13 National Accounts Projections, 1976-1983. Trade and Payments 3.1 BaLance of Payments, 1960-1977. 3.2 Foreign Exchange Balance, 1960-1977. 3.3 Central Bank Gross Rece:ipts of Foreign Exchange, 1960-1977. 3.4 Central Bank Disbursements of Foreign Exchange, 1960-1977. 3.5 Supply and Distribution of Green Coffee, 1958/59-1975/78. 3.6 New York and Domestic Coffee Prices, Real and Nominal, 1967-1977. 3.7 Crude Petroleum Product:ion, Apparent Domestic Consumption and Exports, 1958-1977. 3.8 Export Registrations by Mairn Products, 1960, 1965, 1967, 1970-1977. 3.9 Customs Clearance of Merchandise Exports, 1960-1977. 3.10 Minor Exports Exchange Surrender by Main Products, 1960, 1965, 1967, 1970-1977. 3.11 Advance and Normal Merchandise Export Exchange Surrender, by Quarter, 1970-1977. 3.12 Reimbursable and Non-Reimbursable Import Registrations, 1958-1977. 3.13 Import Registrations by Economic Category, 1960, 1965, and 1970-1977. This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  -ii - 3.14 C.I.F. Imports, by Principal Product Groups, 1960-1976. 3.15 Direction of Trade, 1960-1976. 3.16 International Monetary Reserves of the Central Bank, 1960-1977. 3.17 Official Market Rates of Exchange by Quarter, 1967-1977 3.18 Balance of Payments, Export Projections, 1976-1982. 3.19 Balance of Payments, Import Projections, 1976-1983. 3.20 Summary Balance of Payments Projections, 1977-1983. External Debt 4.1 External Public Debt Outstanding Including Indisbursed as of December 31, 1977, Debt Repayable in Foreign Currency and Goods. 4.2 External Public Debt Transactions for 1969-1977 and Projected Pipeline 1978-1982, Debt Repayable in Foreign Currency. 4.3 External Public Debt Outstanding Including Undisbursed as of December 31, 1977, Debt Repayable in Local Currency. 4.4 External Public Debt Transactions for 1969-1978 and Projected Pipeline, 1978-1997, Debt Repayable in Local Currency. Public Finances 5.1 Public Sector Resources for Investment, 1972-1977. 5.2 Analysis of Consolidated Public Sector Finances, 1972-1977. 5.3 National Government Operations, 1972-1977. 5.4 National Government Revenues, 1972-1977. 5.5 Summary Accounts of Major Decentralized Agencies, 1972-1977. 5.6 Public Sector Transfers, 1972-1977. 5.7 Social Security System Revenues and Expenditures, 1972-1977. 5.8 Buoyancies with Respect to GDP, 1972-1977. 5.9 Tax Burden, 1972-1977. 5.10 Projections of the National Government Operations, 1978-1982. 5.11 Public Sector Investment Program and Its Financing, 1978-1982. 5.12 Public Sector Investment Programs and Its Financing 1978-1982. 5.13 Sectorial Distribution of Public Gross Fixed Investment, 1976-1982. Money and Credit 6.1 Summary Accounts of the Financial System, 1972-1977. 6.2 Summary Accounts of the Monetary Authorities, 1972-1977. 6.3 Summary Accounts of the Commercial Banks, 1972-1977. 6.4 Summary Accounts of the Specialized Banks, 1972-1977. 6.5 The Money Supply and The Money Multipliers, 1969-1977. 6.6 Composition and Growth of the Money Supply, 1960-1977. 6.7 Commercial Bank Loans by Quarter, 1960-1977. 6.8 Banking System Loans, by Quarter, 1960-1977. 6.9 Bogota and Medellin Stock Exchanges, 1969-1977. Agriculture 7.1 Production of Principal Crops, 1962-1978. 7.2 Area Under Cultivation, Principal Crops, 1962-1978. 7.3 Crop Yields per Hectare, 1962-1978. 7.4 Cattle Population and Extraction, 1963-1977. 7.5 Gross Value of Agricultural Production, 1950-1976.  - iii - 7.6 Indices of Physcal Volume of Gross Agricultural Production, 1950-1976. 7.7 Agricultural Gross Value Added, in Constant 1970 Prices, 1950-1976. 7.8 Price Deflators for Agriculture, Non-Agriculture, and Total GDP, 1950-1976. 7.9 New Loans Extended to the Agricultural Sector, 1969-1976. 7.10 Estimated Farm Prices and Support Prices for Principal Commodities, 1950-1975. 7.11 Fertilizer Production and Plant Nutrient Supply, 1970-1976. 7.12 Census Farms by Size, 1960 and 1970/1971. 7.13 Census Farms and Farmland by Tenure and Size, 1960 and 1970/1971. 7.14 Regional Groupings of Municipios with High Concentrations of Small Farms, by Coffee and Non-coffee Areas. 7.15 Value of Princiapl Agricultural Exports, 1970-1976. 7.16 Volume of Principal Agricultural Exports, 1971-1976. 7.17 Value of Principal Agricultural Imports, 1971-1977. 7.18 Per Capita Net Availabilities of Foods and Principal Nutrients, 1948, 1957, 1964/1966, 1970 and 1975. 7.19 Area Planted with Improved Seed for Selected Crops, 1970-1976. Industry 8.1 Increases in Factory Employment, 1953-1975. 8.2 Indicators of Import Substitution and Sources of Industrial Growth, 1953-1975. 8.3 Structure of Manufacturing Industry by Size, 1970-1975. 8.4 Paid Employment in Manufacturing Industries by Type of Production, 1953-1975. 8.5 Domestic Manufacturing Output and Imports by Type of Production, 1958-1975. 8.6 Commercial Bank Credit to the Manufacturing Sector, 1953-1976. 8.7 Industrial Exports, 1963-1973. 8.8 Proportion of Industrial Exports in Gross Value of Industrial Output, 1967-1975. Wages and Prices 9.1 Consumer Price Indices for Bogota, Medellin and the Nation, 1960-1978. 9.2 National Consumer Price Indices by Expenditure Category, 1960-. February 1978. 9.3 Wholesale Price Indices, by Main Commodity Group, 1960-1977. 9.4 Changes in Wholesale and Consumer Price Indices, 1960-1977. 9.5 Average Annual Increases in Selected Price Indicators, 1960-1977. 9.6 Prices of Construction Materials in Bogota, 1960-1977. Foreign Assistance 10.1 Loan Commitments by Agency, 1961-1976. 10.2 IBRD Loans and IDA Credits Committed, 1949-1976. Human Resources 11.1 Student Population by Level of Education, Public and Private, 1963-1973. 11.2 Pupil Enrollment in Primary School, 1963-1977. 11.3 Pupil Enrollment in Secondary School by Type of Curriculum, 1963-1977.  - iv - 11.4 Enrollment in Colombian Universities, Public and Private, by Course of Studies, 1963-1981. 11.5 First Semester Enrollment in Universities According to Type of Program and Course of Studies, 1975. 11.6 Ratio of Pupils/Teacher in Primary and Secondary School, 1963-1977. 11.7 Number of University Professors by Type of Academic Field and Dedication, 1975. 11.8 Educational Level of the Labor Force as Reported in the National Census, 1951, 1964 and 1973. 11.9 Distribution by Programs of SENA Students, 1970-1977. 11.10 National and Educational Budgets, 197O-D7S. 11.11 Ten Main Causes of Death Among Pre-school Children and Total Population, 1973-1975. 11.12 Indirect Indicators of Nutritional Status, 1963-1971. 11.13 Recommended and Available Average Daily per Capita Dosage of Calories and Nutrients for the Colombian Population and the Percentage of Adequacy of Supply, 1975. 11.14 Percentage of Adequacy of Calories and Nutrient Consumption in the Diet of 1,400 Families from Various Geographical Areas, 1972. 11.15 Annual Needs for Basic Food Groups for Human Consumption and Their Availability, 1966-1975.  Table 1.1: COLOMBIA: PORJLATION, NATURAL INCREASE AND MIGRATION, 1960-1978 Mid-Year Birth Rate Per Death Rate Per Natural Increase Net Year Population 1,000 Population, 5 1000 Population,4 Per 1,000 Population Migration 1960 15,415.7 59 12 27 1.9 1961 15,908.3 39 11 28 2.7 1962 16,416.6 40 11 29 4.6 1963 16,941.1 39 10 29 11.5 1964 17,484.5A 59 10 29 10.3 1965 17,970.8 37 10 27 14.5 1966 18,470.7 56 9 27 5.2 1967 18,984.4 55 9 26 5.0 1968 19,512.4 54 9 25 15.1 1969 20,055.2 53 8 25 -o0.8 1970 20,613.0 32 7 25 2.8 1971 21,186.3 32 7 25 -5.8 1972 21,775.6 31 7 24 1975 22,381.5/2 30 7 25 ... 1974 25,3005.8 29 7 22 ... 1975 23,643.6 29 7 22 ... 1976 24,301.2 29 7 22 ... 1977 24,977.1 28 7 21 ... 1978k 25,671.9 28 7 21 *- ... = negligible a estimate A 1964 population census / 1973 population census / Based on birth registrations and census data. Based on death registrations. Around 1967.'68 an administrative reform in data collection on deaths took place which reduced manpower allocated to this task and hence is likely to have increased under-reporting of deaths in subsequent years. Source: DA-NE and Ministry of Health.  Table 1.2 - COLOMBIA: EMPLOYMENT BY ECONOMIC ACTIVITY IN SELECTED YEARS (000's) /1 1?1'1-lQ7? 1951 1964 1970 1973 Men Women Total Men Women Total Total Men. Women Total Agriculture 1991.0 96.1 2087.1 2311.0 116.0 2427.0 2350.1 1707.6 68.8 1776.4 Mining 46.6 16.5 63.1 61.2 20.1 81.3 30.3 37.6 15.8 53.4 Industry 313.1 162.3 475.4 476.6 179.3 655.9 859.0 640.4 277.6 918.0 El./Gas/Water 10.3 0.5 10.8 12.2 1.0 13.2 26.2 25.0 5.3 30.3 Construction 135.2 1.9 137.1 217.2 3.5 220.7 222.2 319.5 7.5 327.0 Commerce/Hotels 163.2 47.0 210.2 331.9 108.6 440.5 754.6 525.4 284.6 810.0 Transport 127.9 6.3 134.2 179.5 12.3 191.8 230.5 243.2 24.3 267.5 Finance - - - - - - 87.8 77.7 40.1 117.8 Personal Serv. 243.0 374.0 617.0 374.2 551.8 926.0 1206.1 432.4 668.8 1106.2 Other 119.6 19.4 139.0 138.2 39.4 177.6 _ 139.2 53.5 192.7 No Information / 2 - - - - - - 256.9 118.6 375.4 Total 3149.9 724.0 3873.9 4102.1 1032.1 5134.1 5766.8 4410.0 1564.7 5974.7 /1 In 1951 and 1964 the figures are for the economically active population and in 1970 and 1973 they are for the occupied population. /2 This category was included in the 1973 census only. Source: Census for 1951, 196h. Muestra for 1973, Census published in August 1975; for 1970 Encuesta de Hogares, DANE.  3- Table 1.3: COLOMBIA: UNEMPLOYMENT RATES IN FOUR CITIES, 1963-1977 Bogot'a Medellfn Cali Barranquilla March 1963 8.4 - June 1963 8.7 - September 1963 7.4 - December 1963 7.1 12.8 a - March 1964 6.7 13.6 /b - June 1964 7.2 13.6 A September 1964 7.4 - , - December 1964 - 11.5 /a - March 1965 9.2 12.0 lb 13.2 June 1965 8.8 10.7 1 September 1965 9.7 - 11.8 December 1965 8.0o 9.7 a - March 1966 10.1 10.6 - June 1966 11.6 11.5 A - September 1966 9.6 - December 1966 9.2 - -16. March 1967 16.1 - June 1967 12.7 - 14.9 -/d September 1967 10.6 14.5 ,d - 18.4 December 1967 - - - March 1968 13.5 - June 1968 11.6 - 14.9 - September 1968 11.2 - - December 1968 9.8 - - March 1969 11.0 - _ June 1969 11.6 - _ September 1969 8.9 - - December 1969 6.9 - _ March 1970 8.8 - - June 1970 7.9 - - October 1971 8.4 12.7 10.7 15.4 October 1972 6.6 13.0 13.3 14.7 June 1974 11.1 13.4 12.1 19.3 October 1974 10.0 12.9 12.5 16.2 March 1975 11.3 - _ _ September 1975 8.3 14.1 10.9 14.7 March 1976 9.4 13.9 13.8 12.3 June 1976 8.4 13.1 11.0 11.1 September 1976 8.8 13.3 12.6 10.7 November 1976 8.1 12.9 8.7 9.1 March 1977 8.9 12.7 11.5 10.6 May 1977 7.8 15.5 10.0 8.8 September 1977 7.1 13.7 11.9 8.4 November 1977 6.5 11.4 8.4 7.3 A November; A July; A May; /d October. Source: DANE Boletln Mensual de Estadistica Bogota various issues. 5. Booa aiu sus  /a Table 1.4 - COLOTMIA: URBA.N UNDEREMPLOY,1NT AND PARTICIPATION RATES IN FOUR CITIES, 1971-76 Nov.-Dec. Oct.-Nov. June Nov.-Dec. Oct. Mar.-Apr. June Sept. Nov.-Dec. 1971 1972 1974 1974 1975 1976 1976 1976 1976 Underemployment Rates /b Barranquilla 21.9 16.0 24.8 19.1 22.3 19.2 15.8 15.2 15.4 Bogota- 12.5 14.1 17.9 16.5 16.7 17.4 15.0 11.6 14.2 Cali 17.8 15.8 15.8 15.9 17.8 19.5 23.1 18.2 15.3 Medellin 26.1 17.9 11.9 12.6 19.0 18.4 21.1 17.9 14.9 Total /c 15.0 17.8 17.2 15.4 16.9 18.1 17.6 14.3 14.7 Participation Rates Barranquilla 33.7 33.8 35.8 34.3 33.8 33.5 34.1 34.6 35.7 Bogota 33.5 32.3 37.9 35.3 35.7 36.7 37.0 36.0 37.2 Cali 34.6 33.9 36.5 35.4 35.4 38.0 36.9 37.1 36.9 Medellin 31.0 34.8 34.6 34.2 33.6 33.8 33.2 35.6 35.9 Total /c - 32.0 36.7 32.8 35.0 36.0 35.9 36.0 36.7 /a Provisional figures. /b Underemployed is based on number of hours worked compared with number desired and wages received. /c Weighted average of the four cities. Source: National Statistics Department (DANE).  Table1.5 - COLOMBIA: INCOME DISTRIBUTION IN COLMBIA ACCORDING TO SEVEN ESTIMATES 2! % Population McLure 1/ Urrutia DANE 3/ DANE LI Taylor i ECLA 6/ Berry 2 (Cumulative) 1964 1961 1970 1972 1961 1962 1960 (Urban) (Urban) (Agriculture) 10 - 1.5 i.< - 2.0 20 - 10 - 3.5 - - 5.0 30 - 3.0 - 7.5 - - 8.5 (35-5) (9-3) 40 10.5 6.5 9.4 11.7 12.0 - 12.2 50 15.0 11.0 - 16.0 18.0 20 14.0 60 20.0 17.0 - 22.0 23.0 26 21.0 70 27.0 25.5 28.0 32.0 30.0 34 26.0 80 36.0 37.0 39.0 43.0 40.0 43 34.0 90 48.0 53.0 55.0 60.5 58.0 57 46.0 95 60.0 67.0 68.o 74.0 72.0 70 57.0 100 100.0 100.0 100.0 100.0 100.0 100 100.0 1/ Charles G. McLure - The Incidence of Taxation in Colombia (1964) - in Musgrave and Gilles, Fiscal Reform for Colombia, Cambridge, 1971 2/ Miguel Urrutia and Elsa Villalba - DistribuciJrn de Ingresos Urbanos para Colombia en 1964 - Bogoter, 1970 3/ Encuesta de Hogares - 1970 - DANE 4/ Encuesta de Hogares en Siete Ciudades, 1970 - DANE - actualized to 1972 by Rodrigo Manrique in Revista de Planeacio5n y Desarrollo, July-Dec. 1972 5/ Milton Taylor OAS/IDB Joint Tax Program - Fiscal Survey of Colombia - JH Press, 1965 6/ ECLA - Income Distribution in Latin America (A revised version of special study number III published in the Economic Survey of Latin America, 1969) EICN 12/863, New York, 1971 7/ Albert Berry - Land Distribution, Income Distribution and the Productive Efficiency of Colombian Agriculture - Economic Growth Center, Yale University, March 20, 1971  Table 1.6: COLO0eIA: EMPLOYMENTT Y SECTORS TN FOUB CITI-T'h :BO 90'TA, CALI, MEDELLI-N ANB EARRANQJIdLLA, 1974-77 (Th-usands) June 74 Sept. 75 % Sept. 76 Sept. 77 Construction 126.5 7.2 118.1 6.5 121.5 6.o I50.6 .o Agriculture 16.2 0.9 26.5 1.5 22.6 1.1 3538 1.5 Mining 5.6 0.3 5.3 0.3 6.4 0.3 6.6 0.3 Manufacturing 437.2 24.8 445.9 24.5 510.5 25.3 647.1 25.6 Electricity, Gas and Water 15.2 0.9 15.6 0.7 16.0 0.8 18.3 0.7 Transportation and Communication 128.5 7.3 118.4 6.5 129.0 6.4 157.5 6.2 Trade (Wholesale and Retail) 378.1 21.4 585.5 21.1 448.o 22.2 564.3 22.5 Financial Services and Insurance 96.2 5.5 108.4 5.9 123.2 6.1 165.8 6.6 Other Services 557.9 51.6 598.2 52.8 637.5 31.6 783.3 31.0 Not Classified 2.6 0.1 5.7 0.2 1.1 0.1 2.5 0.1 Total 1763.7 100.0 1823.6 100.0 2015.8 100.0 2529.9 100.0 Source: DANE, Boletin Mensual de Estadistica, Bogota, various issues.  Table 2.1 - COLOMBIA: GROSS DOMESTIC PRODUCT AT FACTOR COST BY SECTOR, 1960-1976 (In Millions of Colombian Pesos) Provisional Percentage.Distribution 1960 1965 1967 1970 1971 1972 1973 1974 1975 1976 1960 1970 1976 Gross Domestic Product at f.c. 25,073.3 56,893,4 76.940.5 119.796.9 140,531.8 172,231.8 226,384.5 307.797,1 386,371.6 495,101.3 100.0 100.0 100.0 Agriculture 1. 8,553.0 17,675.7 23,269.4 34,244.8 38,828,1 49,221.3 66,644.2 88,171.6 113,340.0 148,436.0 34.1 28.6 30.0 Mining 985.6 1,551.8 1,566.6 2,528.0 2,968.9 2,953.6 3,438.0 4,124.8 4,980.5 5,889.8 3.9 2.1 1.2 Manufacturing 4,335.3 10,386.3 13,272.3 20,976.7 25,589.5 31,746.9 44,127.0 63,722.8 79,700.6 104,653.2 17.3 17.5 21.1 Construction 909.4 2,080.7 3,792.7 6,530.0 8,039.9 8,923.3 12,207.9 17,086.4 19,728.7 22,059.2 3.6 5.5 4.5 Electricity, gas & water 227.2 740.2 1,159.5 1,787.9 2,204.4 2,733.9 3,317.1 3,887.5 4,849.0 6,781.6 0.9 1.5 1.4 Transportation & cotunication 1,647.8 3,596.8 5,049.7 8,881.1 10,336.3 11,666.9 13,883.1 20,551.9 23,987.4 32,128.5 6.6 7.4 6.5 Trade / 3,929.9 9,735.7 13,372.4 20,760.2 23,513.6 29,683.8 39,218.0 55,786.2 69,619.7 88,356.1 15.7 17.3 17.8 Public administration & defense 1! 1,373.8 3,394.5 4,892.8 8,283.5 10,225.3 12,714.3 16,454.9 20,849.4 26,758.0 32,457.8 5.5 6.9 6.6 Other branches 4/ 3,111.3 7,731.7 10,565.1 15,804.7 18,825.8 22,587.8 27,094.3 33,616.5 43,407.7 54,339.1 12.4 13.2 11.0 1/ Includes fishing and hunting and forestry. 2/ Composed of commerce and banking, finance and insurance. 3/ Equals government services. 4/ Composed of house rentals and personal services. Source: Banco de la Republica.  Table 2.2 - COLOMBIA: GROSS DOMESTIC PRODUCT AT FACTOR COST BY SECTOR IN 1970 PRICES, 1960-1976 (In Millions of 1970 Colombian Pesos) Provisional Growth Rate (Ave. Annual) 1960 1965 1967 1970 1971 1972 1973 1974 1975 1976 1960-70 1970-74 1975-76 Gross Domestic Product at f.c. 71,902.4 90,351.4 99,648.3 119,796.9 126.721.8 136.743.5 147,178.0 156,707.5 163,399.2 170.033.3 5.2 7.0 4.1 Agriculture 1/ 24,305.2 27,833.6 30,249.9 34,244.8 34,887.6 37,784.8 39,157.4 41,516.9 44,066,4 44,725.4 9.2 4.9 1.5 Mining 1,862.0 2,267.2 2,209.0 2,528.0 2,550.8 2,379.9 2,591.7 2,403.8 2,240.7 2,107.9 3.1 1.3 -5.9 Manufacturing 11,698.1 15,388.5 17,000.1 20,976.7 22,778.8 24,933.4 27,828.2 29,657.2 30,030.7 32,037.7 6.0 9.0 6.7 Construction 3,114.6 3,526.3 5,010.1 6,530.0 6,859.6 6,993.9 7,839.2 8,142.4 7,795.9 7,091.8 7.7 5.7 -9.0 ' Electricity, gas & water 767.2 1,163.7 1,398.5 1,787.9 1,960.0 2,226.7 2,473.3 2,615.1 2,753.4 3,073.3 8.8 10.0 11.6 Transportation & comsunication 4,767.7 6,488.2 7,028.6 8,881.1 9,537.9 10,377.2 11,367.5 12,946.5 14,085.3 15,058.8 6.4 9.9 6.9 Trade 2. 11,279.8 15,047.0 16,363.7 20,760.2 22,430.9 24,220.6 26,227.4 28,231.8 29,487.8 31,452.0 6.3 8.0 6.7 Public administration & defense 3/ 4,852.7 6,523.4 6,971.7 8,283.5 8,859.3 9,757.0 10,529.7 10,775.1 11,189.1 11,385.4 5.5 6.8 1.8 Other branches 4] 9,255.1 12,113.5 13,416.7 15,804.7 16,856.9 18,070.0 19,163.6 20,418.7 21,749.9 23,101.0 5.5 6.6 6.2 1/ Includes fishing and hunting and forestry, 2/ Composed of co merce and banking, finance and insurance. 3/ Equals government services. 4/ Composed of house rentals and personal services. Source: Banco de la Republica.  Table 2.3 - COLOMBIA: GROSS DOMESTIC PRODUCT, BY TYPE OF EXPENDITURE, IN CURRENT MARKET PRICES, 1960-1976 (In Millions of Colombian Pesos) As Percent of G.D.P. 1960 1965 1967 1970 1971 1972 1973 1974 1975 1976 1960 1970 1976 Gross Domestic Product at m.p. 26.746-7 60,797,. 83,082.7 130,361.4 152,262.8 186,092.3 243,235.9 329,155.4 412,828.7 532,960.8 100.0 100.0 100.0 Gross domestic consumption 21,248.6 49,436.4 67,312.8 103,824.9 123,459.4 149,497.9 199,214.9 260,595.9 337,039.1 407,303.3 79.4 79.6 76.4 Private conisumption (19.589.3) (45,482.1) (61,596.0) (93,863.3) (110,030,8) (134,848.7) (180,200.6) (237.437.6) (306,614.2) (370,460.5) (73.2) (72.0) (69,5) General government consumption (1,659.3) (3,954.3) (5,716.8) (9,961.6) (13,428.6) (14,649.2) (19,014.3) (23,158.3) (30,424.9) (36,842.8) (6.2) (7.6) (6.9) Gross domestic investment 5,494.8 10,742.2 15,341.0 28,660.3 34,585.2 37,739.3 40,764.6 74,279.5 73,599.9 112,536.7 20.5 22.0 21.1 Gross fixed investment (4,844.9) (9,504.2) (14,729.1) (26,440.8) (31,603.7) (34,523.4) (42,534.6) (63,860.3) (77,572.1) (97,512.2) (18.1) (20.3) (18.3) Change in stocks (649.9) (1,238.0) (611.9) (2,219.5) (2,981.5) (3,218.9) (-1,770.0) (10,419.2) (-3,972.2) (15,024.5) (2.4) (1.7) (2.8) Exports of goods and n.f.s. 4,163.9 6,943.5 9,950.3 18,515.8 19,151.2 25,217.1 36,186.4 46,794.5 62,242.6 90,028.3 15.6 14.2 16.9 Imports of goods n.f.s. 4,160.6 6,324.5 9,521.4 20,639.6 24,933.0 26,362,0 32,930.0 52,514.5 60,052.9 76,907.5 15,5 15.8 14.4 Net factor income from abroad -302,3 -897.6 -1,470.7 -3,591.9 -3,690,0 -4,448.2 -5,265.7 -5,200.0 -8,042.6 -9,948.1 -1.1 -2.8 -1.9 Gross National Product at m.p. 26,444.4 59,900.0 81,612.0 126,769.5 148.572.8 181,644.1 237,970.2 323.955.4 404,786.1 523,012.7 98.9 97.2 98.1 Source: Banco de la Republica.  Table 2.4 - COLOMBIA: GROSS DOMESTIC PRODUCT, BY TYPE OF EXPENDITURE IN CONSTANT MARKET PRICES, 1960-1976 (In Millions of 1970 Colombian Pesos) Growth Rates (Ave, Annual) 1960 1965 1967 1970 1971 1972 1973 1974 1975 1976 1960-70 1970-74 1975-76 Gross Domestic Product at m.P. 78,085.8 97,797.7 107,628.2 130,361.4 137,889.0 148.629.5 159,194.7 168,786.9 175,225.9 183.023.0 5.3 6.7 4.4 Gross domestic consumption 58,626.6 76,475.7 84,592.4 103,824.9 111,391.4 120,049.9 131,910.5 138,374.0 142,952.2 148,855.2 5.9 7.5 4.1 Private consumption (53,155.2) (69,349.4) (76,759.9) (93,863.3) (99,585.2) (108,717.2) (119,679.1) (126,388.1) (130,233.7) (135,959.2) (5.8) (7.7) (4.4) General government consumption (5,471,4) (7,126.3) (7,832.5) (9,961.6) (11,806.2) (11.332.7) (12,231.4) (11,985.9) (12,718.5) (12,896.0) (6.2) (4.7) (1.4) Gross domestic investment 17,375,1 18,886.1 20,100.2 28,660.3 30,767.3 30,193.3 26,836.6 35,651.6 29,460.9 35,505.2 5.1 5.6 20.5 Gross fixed investment (15,809.1) (16,831.6) (19,386.5) (26,440.8) (28,066.6) (27,786.2) (29,151.6) (31,700.0) (31,843.7) (31,256.6) (5.3) (4.7) (-1,8) Change in stocks (1,566.0) (2,054.5) (713.7) (2,219.5) (2,700.7) (2,407.1) (-2,315,0) (3,951.6) (-2,382.8) (4,248.6) (3.6) (15.5) (-) Exports of goods and n.f.s. 13,638.9 15,138.8 16,179.0 18,515.8 18,834.5 19,591.5 20,204.9 18,978.2 24,646.0 21,846.1 3.1 0.5 -11.4 Imports of goods and n.f.s. 11,554.8 12,702.9 13,243.4 20,639.6 23,104.2 21,205.2 19,757.3 24,216.9 21,833.2 23,183.5 6.0 4.1 6.2 Net factor income from abroad -882.6 -1,443.9 -1,905.2 -3,591.9 -3,418.8 -3,579.0 -3,159.0 -2,398.3 -2,925.1 -2,998.8 15.1 9,6 2.5 Gross National Product at m.p. 77.203.2 96,353.8 105,723.0 126.769.5 134,470.2 145,050.5 156,035,7 166.388,6 172,300.8 180,024.2 5.1 7.0 4.5 Source: Banco de ls Republica.  Page 1 of 2 Table 2.5 - COLOMBIA: NATIONAL INCOME COMPONENTS, 1960-76 (In Millions of Colombian Pesos) 1960 1961 1962 1963 1964 1965 1966 1967 Wages and salaries 9,202.0 10,874.8 12,816.0 16,595.6 19,324.0 22,300.8 26,753.9 31,049.3 Income from property and incorporated enterprises 11,408.2 13,026.3 14,427.0 17,619.9 23,359.6 25,586.9 29,966.4 33,382.7 Corporate savings 773.9 754.6 787.6 1,232.0 1,368.3 1,675.9 2,063.5 1,969.0 Direct Corporate taxes 538.7 569.2 580.6 816.9 1,232.8 1,247.4 1,497.9 1,839.9 Tncome from Government properties and enterprises 249.5 331.8 341.8 315.0 346.1 498.0 566.2 651.8 Interest on public debt (-) 68.2 80.8 135.2 177.5 275.2 309.2 487.7 533.5 National Income 22,104.1 25,475.9 28,817.8 36,401.9 45,355.6 50,999.8 60,360.2 68,359.2  Page 2 of 2 Table 2.5 - COLOMBIA: NATIONAL INCOME COMPONENTS, 1960-76 (In Millions of Colombian Pesos) 1968 1969 1970 1971 1972 1973 1974 1975 1976 Wages and salaries 35,044. 7 41,862.3 49,325.3 58,380.3 68,511.0 85,025,2 111,663.2 140,090.9 172,481.8 Income from property and incorporated enterprises 38,635.3 41,616.0 49,505.1 56,227.1 75,356.2 107,834.8 148,550.1 181,607,6 241,550.3 Corporate savings 2,312.4 3,109.9 3,419.2 5,186.9 4,750.9 6,104.4 7,556.3 10,858.3 13,877,6 Direct Corporate taxes 2,173,4 2,992.4 3,248.5 4,386.7 4,273.5 5,740.5 7,828.2 9,925.0 13,383.3 Income from Government properties and enterprises 1,078.7 1,404.2 1,882.2 2,307.6 3,078.4 2,710.8 3,864,2 4,308,8 5,546.2 Interest on public debt (-) 613.8 938.1 1,284.0 1,540.6 1,982.0 2,947.5 3,839.0 5,212,4 6,897.3 National Tncome 78,630.7 90,046.7 106,096.3 124,943.0 153,988.0 204,468.2 276,023,0 341,578.2 439,941.9 Source: Banco de la Repu'blica.  Page I of 2 Table 2.6 - COLOMBIA: INVESTMENT AND ITS FINANCING, 1960-76 (In Millions of Colombian Pesos) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 TNVESTMENT Gross Domestic Investment 5,494.8 6,335.0 6,404.7 7,844.5 9,602.0 10,742.2 15,040.4 15,341.0 20,406.2 22,715.2 Gross Fixed Investment 4,844.9 5,580.3 6,136.9 7,167.5 8,653.8 9,504.2 12,303.6 14,729.1 18,815.1 21,230.1 Change in Stocks 649.9 754.7 267.8 677.0 948.2 1,238.0 2,736.8 611.9 1,591.1 1,485.1 Type of Capital Goods Construction 2,697.1 3,272.1 3,841.9 4,421.1 5,247.8 5,976.8 7,468.5 9,738.3 11,723.9 13,873.2 Transportation Eouipment 691.6 746.9 506.1 691.7 931.1 840.5 1,126.6 1,457.3 2,231.3 2,318.7 Machinery & Enuipment 1,456.2 1,561.3 1,788.9 2,054.7 2,474.9 2,686.9 3,708.5 3,533.5 4,859.9 5,038.2 Sector of Investment Private Sector 4,686.3 5,184.2 5,101.5 6,457.5 8,028.8 8,875.7 11,991.9 11,004.0 15,045.6 16,075.2 Public Sector 808.5 1,150.8 1,303.2 1,387.0 1,573.2 1,866.5 3,048.5 4,337.0 5,360.6 6,640.0 INVESTMENT FINANCING Gross Domestic Tnvestment 5,494.8 6,335.0 6,404.7 7,844.5 9,602.0 10,742.2 15,040.4 15,341.0 20,406.2 22,715.2 Gross National Saving 5,195.8 5,425.9 5,643.6 6,540.3 8,011.7 10,463.6 11,616.4 L4,608.5 17,651.6 19,430.1 General Government Saving 1,248.3 1,042.7 622.6 618.2 1,946.0 2,202.8 3,446.9 4,311.1 5,609.5 7,904.4 Private Saving 3,947.5 4,383.2 5,021.0 5,922.1 6,065.7 8,260.8 8,169.5 10,297.4 12,042.1 11,525.7 Corporate Savings 773.9 754.6 787.6 1,232.0 1,368.3 1,675,9 2,063.5 1,969.0 2,312.4 3,109.9 Personal Savings 506.7 824.8 1,100.6 609.3 393.2 1,588.9 - 183.3 1,217.8 1,600.1 - 597.2 Capital Consumption Allowances 2,666.9 2,803.8 3,132.8 4,080.8 4,304.2 4,996.0 6,289.3 7,110.6 8,129.6 9,013.0 Current Account Balance 1/ - 299.0 - 909.1 - 761.1 -1,304.2 -1,590.3 - 278,6 -3,424.0 - 732.5 - 2,754,6 - 3,285.1 Net Exports of Goods & NFS 3.3 - 514,5 - 261.2 - 492.8 _ 792.9 619.0 -2,181.1 428.9 - 1,259.9 - 1,272.1 Net Factor Income from Abroad - 302.3 - 394.6 - 499.9 - 811.4 - 797.4 - 897.6 -1,242.9 - 1,470.7 - 2,003.2 - 2,676.5  page 2 of 2 Table 2.6 - COLOMBIA: INVESTMENT AND ITS FINANCING, 1960-76 (In Millions of Colombian Pesos) _&LPercent of flroBs Domestic Tnw. 1970 1971 1972 1973 1974 1975 1976 1960 1970 1976 INVESTMENT Gross Domestic Investment 28,660.3 34,585.2 37,739. 3 40,764.6 74,279.5 73599,9 112.536.7 100.0 100.0 100.0 Gross Fixed Investment 26,440.8 31,603.7 34,520.4 42,534.6 63,860.3 77,572.1 97,512.2 88.2 92.3 86.6 Change in Stocks 2,219.5 2,981.5 3,218.9 - 1,770.0 10,419.2 -3,972.2 15,024.5 11.8 7. 7 13.4 Type of Capital Goods Construction 16,059.8 18,674.9 21,371.7 28,558.7 40,372.7 45,306.5 51,310.2 49.1 56.0 45.6 Transportation Equipment 4,240.3 5,301.5 4,546.5 3,426.6 7,076.4 11,077.5 18,505.3 12.6 14.8 16.4 Machinery & Equipment 6,140.7 7,627.3 8,602,2 10,549.3 16,411.2 21,188.1 27,696.7 21.4 26.6 24.6 Sector of Investment Private %ector 20,928.2 25,462.9 27,104.9 27,464.4 56,461.4 49,606.3 n.a, 85.3 73.0 n,a. Public Sector 7,732.1 9,122.3 10,634.4 13,300.2 17,818.1 23,993.6 n.a. 14.2 27.0 n.a. INVESTMgNT FINANCING Gross Domestic Investment 28,660.3 34,585.2 37,739.3 40,764.6 74,279.5 73,599.9 112,536.7 100.0 100.0 100.0 Gross National Saving 23,430.9 25,769.5 32,895.1 39,564.2 64,769.0 69,167.3 118,056.0 94.6 81.8 104.5 General Government Saving 7,660.8 7,730.3 8,695.1 9,082.7 14,263.9 16,099.7 25,900.8 22.7 26.7 23.0 Private Saving 15,770.1 18,039.2 24,200.0 30,481.5 50,505.1 53,067.6 92,147.2 71.8 55.0 81.9 Corporate Savings 3,419.2 5,186.9 4,750.9 6,104.4 7,956.3 10,858.3 13,B77.6 14.1 11.9 12.3 Personal Savings 2,242.2 958.5 5,653.5 7,726.5 15,974.7 5,458,5 33,058,3 9.2 7.8 29.4 Capital Consumption AllpwaCnces 10,108.7 11,893.8 13,795.6 16,650.6 26,574.1 36,750.8 45,211.3 48.5 35.3 40.2 Current Account Balance 1/ - 5,229.4 - 8,815.7 -4,844.2 - 1,200.4 -9,510.5 -4,432.6 5,519.3 - S.4 - 18.2 4.9 Net Exports of Goods & NFS - 2,123.8 - 5,781.8 -1,144.9 3,256.4 -5,720.0 +2,189.7 13,120,8 0.1 7.4 11.7 Net Factor Income from Abroad - 3,591.9 - 3,690.0 -4,448.2 - 5,265.7 -5,200.00 -8,042.6 -9,948,1 - 5.5 - 12.5 -8.8 1/ Exports minus imports plus net factor payments from abroad plus net transfers from the rest of the world, (only from 1967 to 1974; 1960 to 1966 does not include net transfers from the rest of the world). Source: Banco de la Republica.  Table 2.7 - COLOMBIA: PERSONAL INCOME, 1960-76 (In Millions of Colombian Pesos) Personal National Total Personal Wages and Direct Other Consumption Disposable Income 15 Year Income /1 Income /2 Salaries Taxes /3 Transfers/4 Price Index Current Prices 1970 Prices 1960 22,104.1 20,822.1 9,202.0 701.7 24.4 36.8 20,096.0 54,535.2 1961 25,475.9 24.161.2 10,874.8 723.9 28.0 39.9 23,409.3 58,672.1 1962 28,817.8 27,634.8 12,816.0 808.3 26.2 41.9 26,800.3 63,905.6 1963 36,401.9 34,748.3 16,595.6 1,081.7 32.5 51.3 33,634.1 65,552.4 1964 45,355.6 43,285.2 19,324.0 1,376.4 48.0 59.1 41,860.8 70,845.7 1965 50,999.8 48,647.1 22,300.8 1,526.5 49.6 65.6 47,071.0 71,778.2 1966 60,360.2 57,686.4 26,753.9 1,964.0 63.1 73.7 55,659.3 75,495.4 1967 68,359.2 65,806.6 31,049.3 2,736.3 75.1 80.2 62,995.2 78,510.3 1968 78,630.7 75,864.7 35,044.7 3,385.0 98.7 86.9 72,381.0 83,331.9 1969 90,046.7 85,827.0 41,862.3 4,361.6 101.6 93.0 81,811.5 87,898.5 1970 106,096.3 101,736.3 49,325.3 5,038.5 141.0 100.0 96,556.8 96,556.8 1971 124,948.0 118,188.5 58,380.3 6,694.9 153.7 110.5 111,339.9 100,760.1 H 1972 153,988.0 148,381.7 68,511.0 7,233.4 228.6 124.0 140,919.7 113,644.9 1973 204,468.2 198,541.0 85,025.2 9,905.2 247.2 150.6 188,388.6 125,092.0 1974 276,023.0 267,370.2 111,663.2 13,030.0 328.9 187.9 254,011.3 135,184.3 1975 341,578.2 331,114,3 140,090,9 17,900,7 380.4 235,4 312,833,2 132,894,3 1976 439,941.9 426,555.8 172,481.8 21,680.2 497,5 272.5 404,378,1 148,395,6 /1 GDP at market prices, minus indirect taxes, and caDital consumption allowances, niR Rsnhsidies and-net factor payments to foreigners. /2 Sum of wages, salaries, property incomes, incomes of unincorporated enterprises, and current transfers. /3 Includes personal income taxes and all social security contributions. /4 Other current transfers, such as payments for various government services (fees, matriculation charges, etc.). /5 Personal income less direct taxes and other transfers. Source: Banco de la Republica.  Table 2.8 - COLOMBIA: GENERAL GOVERNMENT CURRENT INCOME RECEIPTS, 1958-76 (In Millions of Colombian Pesos) Income from Govern- Inter- Other ment est Total Other Total Current Proper- on the Direct Social Direct Direct Transfers Total ties and Public Corpo- Security House- House- from Current Enter- Debt Indirect rate Contri- hold hold House- Income Year prises (-) Taxes Taxes butions Taxes Taxes holds Receipts 1958 199.7 63.1 1,410.6 341.4 140.5 375.0 515.5 15.1 2,419.2 1959 247.6 66.3 1,564.0 434.6 173.1 443,3 616.4 16.5 2,812.8 1960 249.5 68.2 1,735.3 538.7 207.7 494.o 701.7 24.4 3,181.4 1961 331.8 80.8 1,824.3 569.2 234.8 489.1 723.9 28.0 3,396.4 1962 341.8 135.2 1,844.1 580.6 276.6 531.7 808.3 26.2 3,465.8 1963 315.0 177.5 2.346.5 816.9 333.7 748.0 1,081.7 32.5 4,415.1 1964 346.1 275.2 3,481.6 1,232.8 396.8 979.6 1,376.4 48.o 6,209.7 1965 498.0 309.2 4,017.8 1,247.4 534.4 992.1 1,526.5 49.6 7,030.1 1966 566.2 487.7 6,o65.5 1,497.9 772.6 1,191.4 1,964.0 63.1 9,669.0 0' 1967 651.8 533.5 6,335.9 1,839.9 1,143.6 1,592.7 2,736.3 75.1 11,433.1 1968 1,078.7 613.8 7,869.2 2,173.4 1,412.1 1,972.9 3,385.0 98.7 14,473.9 1969 1,404.2 938.1 9,521.5 2,992.4 1,668.2 2,693.4 4,361.6 101.6 18,087.8 1970 1,882.2 1,284.0 11,394.6 3,248.5 2,112.1 2,926.4 5,038.5 141.0 21,150.2 1971 2,307.6 1,540.6 13,199.1 4,386.7 2,739.9 3,955.0 6,694.9 153.7 25,867.3 1972 3,078.4 1,982.0 15,488.7 4,273.5 3,345.6 3,887.8 7,233.4 228.6 28,914.6 1973 2,710.8 2,947.5 19,673.0 5,740.5 4,704.4 5,200.8 9,905.2 247.2 35,970.2 1974 3,864.2 3,839.0 25,777.4 7,828.2 5,947.1 7,082.9 13,030.0 328.9 47,932.8 1975 4.308.8 5.217.4 32,261,8 9,925.0 7,683.0 10,217.7 17,900.7 380.4 60,268.5 1976 5,546.2 6,897.3 42,079.3 13,383.3 9,707.0 11,973.2 21,680.2 497.5 77,148.5 Source: Banco de la Repu'blica.  Table 2.9 -COLOMBIA: GENERAL GOVERNMENT, CURRENT EXPENDITURES AND SAVINGS, 1958-76 (In Millions of Colombian Pesos) Consumption Outlays Current Total Remu- Purchases Transfers Utilization neration of Goods to of of and House- Current Year Labor Services Total Subsidies holds Savings Income 1958 997.9 198.2 1,196.1 39.1 198.7 985.3 2,419.2 1959 1,151.1 218.4 1,369.5 35.5 196.9 1,210.9 2,812.8 1960 1,373.8 285.5 1,659.3 61.9 211.9 1,248.3 3,181.4 1961 1,718.4 297.6 2,016.0 77.6 260.1 1,042.7 3,396.4 1962 1,992.4 363.6 2,356.0 95.4 391.8 622.6 3,465.8 1963 2,689.9 459.1 3,149.0 115.1 532.8 618.2 4,415.1 1964 3,025.9 457.7 3,483.6 178.5 601.6 1,946.0 6,209.7 1965 3,394.5 559.8 3,954.3 113.6 759.4 2,202.8 7,030.1 1966 4,298.6 611.8 4,910.4 345.6 966.1 3,446.9 9,669.0 1967 4,892.8 824.0 5,716.8 193.7 1,193.2 4,311.1 11,433.1 1968 5,542.7 1,037.1 6,579.8 211.0 2,049.5 5,609.5 14,473.9 1969 6,631.9 1,200.9 7,832.8 304.4 2,003.2 7,904.4 18,087.8 1970 8,283.4 1,678.2 9,961.6 830.1 2,638.8 7,660.8 21,150.2 1971 10,225.3 3,203.3 13,428.6 1,468.1 3,173.7 7,730.3 25,867.3 1972 12,714.3 1,935.0 649.2 1,628.2 3,868.9 8,695.1 28,914.6 1973 16,454.9 2,559.4 19,014.3 2,821.6 4,946.7 9,082.7 35,970.2 1974 20,849.4 2,308.9 23,158,3 4,419,1 5,979,3 14,263.9 47,932.8 1975 26,758.0 3,666,9 30,424.9 5,804.7 7,761.7 16,099.7 60,268.5 1976 32,457.8 4,385.0 36,842.8 4,219.8 9,978.8 25,908.8 77,148.5 Source: Banco de la Republica.  Table 2.10 - COLOMBIA: IMPLICIT PRICE DEFLATORS FOR GROSS DOMESTIC PRODUCT, 1958- 76 (Index Numbers, 1970 = 100) Government Current Gross Gross Purchases Exports Imports Total Gross of of of Gross Fixed Change Goods Goods Goods Domestic Personal Domestic in and and and Year Product Consumption Investment Inventories Services Services Services .~~~~~~~~~~~~~~~~~~~~~~~ 1958 29.5 31.9 26.7 34.9 24.5 33.1 34.8 1959 31.4 33.9 29.1 35.1 27.6 29.9 34.7 1960 34.3 36.9 30.6 41.5 30.3 30.5 36.0 1961 37.0 39.9 32.5 38.2 34.9 30.8 36.8 1962 39.5 41.9 35.6 42.3 37.7 30.1 35.4 1963 48.8 51.3 45.2 48.4 47.6 38.5 45.6 1964 56.5 59.1 48.6 56.1 52.0 44.9 46.1 1965 62.2 65.6 56.5 60.3 55.5 45.9 49.8 1966 71.2 73.7 67.7 68.8 66.0 59.9 65.8 1967 77.2 80.2 76.0 85.7 73.0 61.5 71.9 1968 84.2 86.9 84.4 85.7 81.2 71.4 83.0 1969 91.1 93.0 92.9 89.0 89.6 80.0 90.5 1970 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1971 110.4 110.5 112.6 110.4 113.7 101.7 107.9 1972 125.2 124.0 124.2 133.7 129.3 128.7 124.3 1973 152.8 150.6 145.9 76.5 155.5 179.1 166.7 1974 195.0 187.9 201.5 263.7 193.2 246.6 216.9 1975 235,6 235,4 243,6 166,7 239.2 252,6 275,1 1976 291.2 272,5 312.0 353,6 285,7 412,1 331.7 Source: Banco de la Repuiblica.  Page 1 of 2 Table 2.11 - COLOMBIA: INCREMENTAL CAPITAL - OUTPUT AND DOMESTIC SAVINGS RATIOS, 1960-76 1960 1961 1962 1963 1964 1965 1966 1967 GDP Real Growth Rate: 5.3 5.5 2.9 6.6 2.8 5.7 4.1 Incremental Capital - Output Ratios: (In millions of Col. pesos): GDP 26,746.7 30,421.0 34,199.2 43,525.5 53,760.3 60,797.6 73,612.3 83,082.7 GDP Increment 3,097.9 3,674.3 3,778.2 9,326.3 10,234.8 7,037.3 12,814.7 9,470.4 Gross Fixed Investment 4,844.9 5,580.3 6,136.9 7,167.5 8,653.8 9,504.2 12,303.6 14,729.1 Fixed Investment Coefficient 18.11 18.34 17.94 16.47 16.10 15.63 16.71 17.73 ICOR 1.56 1.52 1.62 0.77 0.85 1.35 0.96 1.56 Lagged ICOR 1.26 1.32 1.48 0.66 0.70 1.23 0.74 1.30 Incremental Capital - Output Ratios (In millions of 1970 Col. pesos): GDP 78,085.8 82,193.7 86,685.9 89.206.5 95,095.2 97,797.7 103,348.8 107,628.2 GDP Increment 2,839.7 4,107.9 4,492.2 2,502.6 5,888.7 2,702.5 5,551.1 4,279.4 Gross Fixed Investment 15,809.1 17,152.6 17,217.3 15,840.5 17,824.2 16,831.6 18,181.4 19,386.5 Fixed Investment Coefficient 20.25 20.87 19.86 17.76 18.74 17.21 17.59 18.01 ICOR 5.57 4.18 3.83 6.28 3.03 6.23 3.28 4.53 Lagged ICOR 4.73 3.85 3.82 6.83 2.69 6.60 3.03 4.25 Domestic Savings Ratios (Tn millions of Col. pesos): GDS /1 5,498.1 5,820.5 6,143.5 7,351.7 8,809.1 11,361.2 12,859.3 15,769.9 GDS/GDP 20.56 19.13 17.96 16.89 16.38 18.69 17.47 18.98 Marginal Savings Rate: /2 Annual 0.0877 0.0855 0.1295 0.1424 0.3626 0.1169 0.3073 Cumulative /3 0.0877 0.0866 0.1105 0.1226 0.1722 0.1571 0.1823 Domestic Savings Ratios (In millions of 1970 Col. pesos): GDS /1 19,459.2 19,821.9 19,156.2 18,232.9 18,217.5 21,322.0 20,167.0 23,035.8 GDS/GDP 24.92 24.12 22.10 20.44 19.16 21.80 19.51 21.40 Marginal Savings Rate: /2 Annual 0.0883 -0.1482 -0.3663 -0.0026 1,1488 - 0.2081 0.6704 Cumulative /3 0.0883 -0.0352 -0.1103 -0.0730 0.0945 0.0280 0.1211  Page 2 of 2 Table Z.11 - COLOMBIA: INCREMENTAL CAPITAL - OUTPUT AND DOMESTIC SAVINGS RATIOS, 1960-76 1968 1969 1970 1971 1972 1973 1974 1975 1976 GDP Real Growth Rate: 6.4 6.3 7.1 5.8 7.8 7.1 6.0 4.6 - Incremental Capital - output _ Ratios (In millions of Col. pesos): GDP 96,421.7 110,953.3 130,361.4 152,262.8 186,092,3 243,235.9 329,155.4 412,828.7 532,960.8 GDP Increment 13,339.0 14,531.6 19,408.1 21,901.4 33,829.5 57,143.6 85,919.5 83,673.3 12, 132.1 Gross Fixed Investment 18,815.1 21,230.1 26,440.8 31,603.7 34.520.4 42,534.6 63,860.3 77,572.1 97,512.2 Fixed Investment Coefficient 19.51 19.13 20.28 20.76 18,55 17.49 19.66 18.79 18,30 ICOR 1.41 1.46 1.36 1.44 1,02 0.74 0.74 0.93 0,81 Lagged ICOR 1.10 1.29 1.09 1.21 0,93 0.60 0.50 0.76 0,65 Incremental CsPitAl - OutPut Rat.os (In millions of 1970 Col. pesos): asP 114,558.8 121,775.3 130,361.4 137,889.0 148,628.5 159,194.7 168,786.9 175*225,59 183,023.0 GDP Increment 6,930.6 7,216.5 8,586.1 7,527.6 10,740.5 10,565.2 9,592.2 6,439.0 7,797.1 Gross Fixed Investment 22,290.5 22,847.2 26,440.8 28,066.6 27,786.2 29,151.6 31,700.O 31,843.7 31,256.6 Fixed Investment Coefficient 19.46 18.76 20.28 20.35 1N.69 18.31 18.7* 18.17 17.08 ICOR 3. 22 3.17 3.08 3.73 2.59 2.76 3.30 4.95 4.01 Lagged ICOR 2.80 3.09 2.66 3.51 2.61 2.63 3.04 4.92 4.08 Domestic Savinas Ratios (In millions of Col. pesos): GDS Li 19,146.3 21,443.1 26,536.5 28,803.4 36,594.4 44,021.0 68,559.5 75,789.6 125,657.5 GDS/GDP 19.86 19.33 20.36 18.92 19.66 18.10 20,83 18.36 23.58 Marginal Savings Rate: /2 Agnual 0,2531 0.1581 0.2624 0.1035 0.2304 0.1300 0.2856 086"4 .4151 Cumulative /3 0.1959 0.1894 0.2030 0.1857 0.1952 0.1779 0.2085 g21 .2374 Domestic Savings Ratios (In millions of 1970 Col. pesos): GDS l 25,070.4 25,239.1 26,536.5 26,497.6 28,579.6 27,284.2 30,412.9 32,273.7 34,167.8 GDS/DP 21.88 20.73 20.36 19.22 19.23 17.14 18.02 18.42 18.67 Marginal Savings Rate: /2 Annual 0.2936 0,0234 0.1511 _0,0052 0.1938 -0.1226 0.3262 .2890 2429 Cumulative /3 0.1538 0.1323 0.1354 0.1177 0.1293 0.0965 0.1208 .1319 .1402 /1 Gross domestic savings equals gross domastic investment plus surplus from trade in goods and non-factor services. /2 Marginal savings rate equals change in gross domestic savings divided by change in GDP. /3 Cumulative since 1960. Source: Banco de la Repu,blica and IBRD.  - 21 - -4^ - a-4 - a 04 0 e4 444 - .0 0s 0 04 - o S a 4 40 a4 -, -t 04 - .0 a 0 04 04 44 .04 40 0 4 o - 4~ ~ ~ - R 0 r-8 s - -4 < ss0a< to _ _04_04 O O -< _ toz -4~~ . . , e X 34 - _4 _ _ _ C C rtNo 0) sHOn t o 04 rt_nr to - t,o to C. r 4 -4 _ 04 oC 4-0 ri C .t o _ 4 -4 C. r 0 to -4 -4 Z n. - -u 4 .4 _4 to '4 - - ( - 04 4 - 4 . -4 G. ' - C. -4 n a , < ; , to 4.' .. C g t o g _ > o to 4 -4r n~~~~~~t to _ '0 to o ' t no -4C o ~ ~ ~ ~ ~ ~ ~ ~ ~~~~~~~~~~14 _. _ . _ o r r ~~ r e r r r N O C .r4 N4 O ; 4 0 am _ _ _ . _ _ _ 4 _ 40_ 1_. 00C z . r- 1.) 0 o D l_ C O O r D OtU ID.4 I,- rQ r _ i - , 4 g0 4.0-41>C =  Table 2.13 - COLOMBIA: NATIONAL ACCOUNTS PROJECTIONS, 1976-83 (Millions of 1970 Colombian Pesos) 1976 1977 1978 1979) 1980 1981 1982 1985 Gross Domestic Product 183023.0 193797.8 206346.4 22018:'.8 235550.1 252018.9 269670.0 330614.7 Terms of Trade Adjustment 5286.8 8483.8 4628.1 1532.3 377.2 -264.7 - 555.8 641.5 Gross Domestic Income 188309.8 202281.6 2109374.5 221715.1 235927.3 251754.2 269114.2 331256.2 Imports 23183.4 24011.0 26416,6 29092,1 31679.9 34096.2 36648.6 44782.7 Exports -21846.1 -21456.9 -24554.1 25836.7 -28467.9 -31371.3 -33694.3 -40227.0 Exports - Terms of Trade Adj. -27132.9 -29940.7 -29182.2 27369.0 -28845.1 -31106.7 -33138.5 -40868.5 Resource Gap -3949.5 -5929.7 -2765.6 1723.1 2834.8 2989.5 3510.1 3914.2 Total Consumption 148855.2 156941.4 164069.0 174884.4 185352.9 195993.7 209174.2 255241.6 Gross Domestic Investment 35505.2 39410.5 44139.8 48553.8 53409.1 58750.0 63450.1 79928.9 Resource Availability 184360.4 196351.9 208208.9 223438.2 238762.0 254743,7 272624.3 335170.5 Gross Domestic Savings 39454.6 45340.2 46905,5 46830.7 50574.4 55760.5 59940.0 76014.7 Net Factor Service Income /1 -1506.5 -1654.9 -1443.3 -1298.2 -1417,2 -1669.8 -1965.6 - 3175.7 Net Current Transfers /1 117.1 124.1 127.6 131.8 136.7 141.9 147.3 164.6 Gross National Savings 38065.2 43809.4 45589.8 45664.3 49293.9 54232.6 58121.7 73003.6 Gross National Product 181633.6 192143.0 204903.1 218884.7 234132.9 250349.2 267704.4 327439.0 /1 Converted from US$ to Colombian pesos at constant 1970 exchange rate. Source: Banco de la Republica and Bank staff estimates.  Table 3.1 - COLOM8IA: BALANCE OF PAYMENTS, 1960-77 (In Millions of US Dollars) 1960 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 /L 1977 /2 FOB Merchandise Exports 495 591 534 558 605 672 788 752 979 1,263 1,494 1,694 2.273 2,796 Coffee 257 345 326 327 351 344 467 400 430 198 625 671 1,170 1,685 Coffee Adjustments 30 29 3 11 15 26 -3 -1 39 -1 59 - - - Petroleum and Derivatives 80 88 71 61 36 71 73 75 51 53 91 - - - Minor Exports 113 118 124 150 201 226 745 274 449 613 719 735 1,103 1,111 Non-Monetary Gold 15 11 10 9 2 5 6 4 10 - - 30 - - FOB Merchandise Imports 496 430 639 464 615 648 802 900 848 982 1.510 1,480 1.665 2.047 Trade Balance -1 161 -105 94 -6 24 -14 -148 131 281 -16 214 608 749 Service Receipts 94 118 129 154 179 198 212 222 228 285 364 406 547 631 Freight 39 46 43 49 65 98 87 119 126 Other Transportation 11 18 23 31 32 44 52 58 55 69 80 81 142 124 Travel 23 28 33 46 45 45 54 61 59 72 105 140 175 241 Other 32 28 32 36 63 63 63 54 65 79 81 98 111 140 Service Payments 138 223 228 232 251 291 347 385 388 442 562 602 655 701 Freight 21 29 54 50 53 63 68 85 74 98 79 98 81 82 Other Transportation 49 60 42 49 43 60 95 112 114 124 180 181 247 248 Travel 28 50 54 58 60 59 66 63 69 87 129 149 151 179 Other 40 84 78 75 95 109 118 125 131 133 174 174 176 192 Goods and Services Balance -45 56 -204 16 -78 -69 -149 -311 -29 124 -214 18 500 679 Net Factor Payments -40 -79 -86 -105 -113 -144 -180 -176 -197 -215 -192 -241 -272 Net Unrequited Transfers 6 12 10 22 31 38 27 34 35 35 55 47 9 15 Current Account Balance 79 -11 -280 -67 -160 -175 -302 -453 -191 -56 -351 -176 237 4S94 Private Capital 52 6 66 8 18 109 100 106 72 25 28 97 34 Direct Investment 3 10 40 40 48 50 39 40 17 23 36 43 12 Loans (Net) 49 -4 26 -32 -30 59 61 66 55 2 -8 54 22 ! 4 Utilization ( 54) (- ) ( 26) ( - ) ( 2) (112) (128) (145) (139) ( 60) ( 50) ( 17) ( 87) ( 55) Azmortization ( -5) ( -4) ( - ) (-32) (-32) (-53) (-67) (-79) (-84) ( -58) ( -58) 5 -S3) ( -65) C -59) Public Capital -14 76 71 100 146 133 161 130 255 285 158 249 89 .194 Utilization 11 156 157 175 220 200 236 222 351 417 364 383 241 367 o.w. Private Loans - - - - - 10 17 13 15 - - - - - Amsortization -25 -80 -86 -75 -74 -67 -75 -92 -96 -132 -206 -134 -152 -173 o.w. Private Loans - - - - _ -7 -7 -11 -9 - -8 - - SDR Allocation - 21 17 18 Net Reserve Change (-Increase in Assets) 9 -42 67 -62 6 -3 6 82 -164 -213 389 -118 -551 Central Bank 37 -26 50 28 -69 -61 -55 -18 .175 -171 120 -102 -608 -664 Rest of Banking System -28 -16 17 -90 75 58 61 100 11 _42 269 -16 57 -lAe Other Short-Term Errors and Omissions 32 -29 76 21 -10 -64 14 118 10 -41 -224 52 191 78 /1 Preliminary. 12 Estimated. Memo : From 1965 to 1974 figures for public capital were taken from the external debt printouts. Source: Balance of Payment yearbooks, IMF, Banco de la Repubiica and World Bank staff estimates.  Table 3.2 - COLOMBIA: FOREIGN EXCHANGE RALANCE, 1960-77 (In Millions of US Dollars) 1960 1965 1967 1970 1971 1972 1973 1974 1975 1976 1977 Current Inflows 417.5 495.8 631.8 800.0 808.6 994.2 1,230.4 1418.9 1,788.8 2,548.8 3,208.6 Exports of Goods 355.9 445.4 435.9 642.6 656.4 840.5 1,008.7 1,214.5 1,413.7 1,652.3 2,242.8 Coffee (325.6) (346.7) (318.8) (405.5) (358.6) (433.6) ( 535.4) ( 543.2) ( 634.5) ( 917.7) (1,447.5) Other ( 30.3) ( 98.7) (117.1) (237.1) (297.8) (406.9) 473.3) ( 671.3) ( 779.2) ( 734.6) ( 795.3) Petroleum Capital and New Gold 51.2 36.6 24.6 28.0 22.2 14.3 12.9 16.6 39.1 23.6 43.1 Export Services and Transfers 10.4 13.8 171.3 129.4 130.0 139.4 208.8 187.8 336.0 872.9 922.7 1,367.2 Current Outflows 404.1 387.4 600.7 858.6 917.8 990.8 1_160.9 1,533.9 1,758.7 1,867.2 2.381.6 Imports of Goods 336.1 300.7 448.9 558.1 617.7 654.7 744.3 1,049.9 1,317.4 1,236.3 1,772.2 Petroleum Refining 19.5 27.5 29.0 40.4 39.7 47.3 51.4 67.5 65.7 75.3 71.3 Import of Services 48.5 59.2 122.8 260.1 265.4 288.8 365.2 416.5 375.6 555.6 538.1 Freight ( 26.4) ( 22.2) ( 30.3) ( 44.0) ( 48.0) ( 41.8) ( 66.4) ( 112.4) ( 113.4) ( 88.5) ( 85.3) Travel ( - ) ( - ) ( 11.4) ( 24.2) ( 24.7) ( 19.5) ( 38.1) ( 53.4) ( 20.0) ( 52.5) ( 41.0) Interest (Net) ( 7.2) ( 12.0) ( 11.2) ( 91.6) ( 96.8) (110.5) ( 138.8) ( 120.3) ( 170.0) ( 246.2) ( 235.9) Otlier ( 14.9) ( 2;.0) ( 69.9) (100.3) ( 95.9) (117.0) ( 121.9) ( 130.3) ( 72.2) ( 168.4) ( 175.9) Balance on Current Account 13.4 108.4 31.1 1 -58.6 -109.2 3.4 69.5 -115.0 30.1 681.6 827.0 Capital Account -66.0 -10'.6 -31.3 58.9 117.1 178.0 101.2 26.9 77.4 -62.7 -163.0 Private Capital (Net) -3.2 '.0 5.2 55.8 78.1 37.8 16.0 32.2 10.8 -16.1 -54.1 Loarns (Net) ( - ) ( . ) ( - ) ( 40.2) ( 59.2) ( 25.0) ( 6.0) ( 17.5) ( -4.8) ( -31.0) -71.6) Direct Investment (Net) ( - ) ( ) ( _ ) ( 15.6) ( 18.9) ( 12.8) ( 10.0) ( 14.8) ( 15.6) ( 14.9) ( 17.5) Official Capital (Net) -62.8 -101.6 -36.5 3.1 39.0 154.7 144.4 0.6 66.6 -67.5 -121.9 SDR's ( ,) (_) (21.0) (16.8) ( 16.6) ( _ ) - ) - ) ( _ ) - _ Official Loans and Grants ( - ) ( - ) ( - ) ( _ ) ( _ ) (143.1) ( 138.8) ( 97.7) ( 40.8) ( 34.9) ( 47.0) General Purpose Financing ( - ) ( - ) ( - ) ( - ) ( - ) ( 80.0) ( 98.5) ( 22,6) ( 111.6) ( 7.0) ( 3.5) Amortization ( - ) ( - ) ( - ) ( - ) ( - ) (-85.0) ( -92.9) ( -119.7) ( -85.8) ( -109.4) ( -172.4) Other - - - - - -14.5 59.3 -6.0 - Errors - 54.8 58.7 55.2 10.5 -6.6 - 1.7 10.8 2 .9 13.0 Net Change in Reserves 52.6 -60.6 -58.5 -55.5 -18.4 -174.8 -170.7 86.4 -118.3 -618.9 -664.0 = Increase) Source: Banco de la Repu'blica.  - 25 - Table 3.3 - COLOMBIA: CENTRAL BANK GROSS RECEIPTS OF FOREIGN EXCHANGE, 1960-77 (Thousands of US Dollars) Merchandise Petroleum Export / Capital Surrender - and Year Coffee Other Net Gold Services /b Amortization Total 1960 325,641 30,251 51,147 10,432 41,964 459,435 1961 326,939 36,842 39,653 24,948 187,099 615,481 1962 :300,089 54,012 39,102 31,673 261,619 686,495 1963 312,455 45,183 39,420 21,457 437,770 856,285 1964 439,830 73,164 44,362 17,250 496,075 1,070,681 1965 346,675 98,773 36,549 13,789 225,545 721,331 1966 302,302 95,729 36,484 37,138 371,657 843,310 1967 318,813 117,060 24,604 171,289 367,950 999,716 1968 314,144 178,434 30,977 123,365 262,235 909,155 1969 332,853 207,197 22,313 124,995 257,542 944,900 1970 405,543 237,011 27,991 129,398 313,559 1,113,502 1971 358,610 297,828 22,198 129,973 380,188 1,188,797 1972 433,636 406,877 14,276 147,109 464,299 1,466,197 1973 535,410 473,281 12,863 232,633 410,261 1,664,448 1974 543,209 671,259 16,622 253,868 381,583 1,866,541 1975 634,542 779,151 39,146 465,266 409,924 2,328,029 1976 917,678 734,627 23,597 872,954 453,714 3,002,570 1977 /c 1,447,477 795,289 43,087 922,769 642,417 3,851,039 1974-I 170,995 142,811 3,357 64,195 106,469 487,827 1974-II 109,332 174,857 4,961 57,463 91,350 437,963 1974-IIl 96,618 165,909 5,745 67,079 75,846 411,207 1974-IV 166,264 187,682 2,559 63,613 107,918 528,036 1975-I 122,065 180,691 17,544 96,851 59,558 476,709 1975-IT 133,570 209,298 8,894 118,988 182,509 653,259 1975-III 144,246 189,602 6,936 119,976 85,398 546,158 1975-IV 234,661 199,560 5,772 129,451 82,459 651,903 1976-I 218,240 163,015 3,989 157,057 98,992 641,293 1976-II 225,308 178,368 5,120 231,208 92,889 732,893 1976-III 131,158 185,675 4,537 232,079 112,628 666,077 1976-IV 342,972 207,569 9,951 252,610 149,205 962,307 1977-I 450,058 187,554 10,008 237,823 132,640 1,018,083 1977-II 340,935 187,978 9,121 271,766 142,149 951,949 1977-III 228,771 195,563 10,828 217,531 167,495 820,188 1977-IV 427,713 224,194 13,130 195,649 200,133 1,060,819 /a Includes advance surrender. /b Includes interest and transfers. /c Preliminary. Source: Banco de la Republica.  - 26 - Table 3.4 - COLOMBIA: CENTRAL BANK DISBURSEMENTS OF FOREIGN EXCHANGE, 1960-77 (Thousands of US Dollars) Imports Year Ordinary /a AID Other /b Petroleum Services Amortization Total 1960 320,802 - 15,334 19,470 48,500 107,977 512,083 1961 371,737 _ 35,756 20,394 60,219 132,021 620,127 1962 387,972 - 28,714 18,840 64,992 243,069 743,587 1963 261,562 50,115 27,153 23,002 61,466 423,137 846,435 1964 323,101 56,994 42,935 24,607 66,848 541,523 1,056,008 1965 249,868 10,000 40,827 27,464 59,178 328,172 715,509 1966 312,480 40,617 68,249 35,582 101,342 284,902 843,172 1967 343,359 58,310 47,242 29,017 122,753 399,251 /c 999,932 1968 249,004 77,959 92,891 38,961 182,143 205,480 846,438 1969 321,388 66,031 87,069 33,434 198,298 198,404 905,254 1970 395,097 81,876 81,124 40,427 260,081 254,706 1,113,311 1971 487,945 49,346 75,370 39,768 265,460 263,103 1,180,992 1972 548,522 11,526 94,613 47,287 296,678 340,099 1,338,725 1973 661,990 9,550 72,764 51,357 388,985 349,714 1,534,360 1974 927,650 1,542 120,750 67,530 479,592 356,706 1,953,770 1975 1,187,290 28 130,091 65,692 504,935 322,991 2,211,027 1976 1,086,801 - 149,511 75,246 555,640 516,452 2,383,650 1977 /d 1,609,141 - 163,078 71,270 538,073 805,429 3,186,991 1974-I 202,920 941 31,476 18,784 93,755 87,210 435,086 1974-II 229,963 363 24,502 17,213 115,656 92,956 480,653 1974-III 235,300 200 30,382 15,474 141,465 85,618 508,439 1974-IV 259,467 38 34,390 16,059 128,716 90,922 529,592 1975-I 259,260 28 28,663 17,465 128,172 92,400 525,988 1975-II 375,869 - 33,203 15,250 139,680 79,219 643,221 1975-III 275,016 - 37,191 16,069 121,069 88,102 537,447 1975-IV 277,145 - 31,034 16,908 116,014 63,270 504,371 1976-I 271,378 - 37,406 20,759 121,172 116,644 567,359 1976-II 245,294 - 35,803 15,523 133,585 116,425 546,630 1976-III 306,119 - 36,854 17,081 134,797 127,504 622,355 1976-IV 264,010 - 39,448 21,883 166,086 155,879 647,306 1977-I 386,841 - 36,050 21,199 121,263 157,844 723,197 1977-II 357,101 - 39,393 13,652 139,798 185,718 735,662 1977-III 353,351 - 40,163 16,403 133,450 222,999 766,366 1977-IV 511,848 - 47,472 20,016 143,562 238,868 961,766 /a Exchange certificate imports. /b Bilateral agreements, Plan Vallejo, IBRD, lines of credit for vehicles and machinery. Ic Financings in 1967 include some interest payments as well as amortization of principal (interest payments normally appear under Services). /d Preliminary. Source: Banco de la Republica.  Table 3.5 - COLOMBIA: SUPPLY AND DISTRIBUTION OF GREEN COFFEE, 1958-59 to 1977-78 (Thousands of 60-Kilogram Bags) Coffee Stocks Domestic Exports Stocks Year Carry- Consump- Quota Annex B Carry- (Oct./Sept.) In Production /1 tion Markets Markets Total Out /2 1958-59 11 7,442 908 6,372 59 6,431 114 1959-60 114 7,648 1,197 5,597 74 5,671 894 1960-61 894 7,500 1,270 5,990 53 6,043 1,081 1961-62 1,081 8,035 1,526 5,536 58 5,594 1,996 1962-63 1,996 7,500 1,416 5,952 104 6,056 2,024 1963-64 2,024 7,800 1,375 6,228 82 6,310 2,139 1964-65 2,139 8,547 1,354 5,612 131 5,743 3,589 1965-66 3,589 8,224 1,202 5,670 195 5,865 4,746 1966-67 4,746 7,507 1,250 5,421 213 5,634 5,369 1967-68 5,369 7,995 1,270 6,344 251 6,595 5,499 1968-69 5,499 7,375 1,290 6,204 330 6,534 5,050 1969-70 5,050 8,450 1,043 6,467 407 6,874 5,583 1970-71 5,583 7,683 1,300 6,008 322 6,331 5,635 1971-72 5,635 6,368 1,300 6,349 137 6,487 4,216 1972-73 3,571 8,818 1,300 6,067 188 6,255 4,834 1973-74 4,834 7,214 1,400 7,015 393 7,408 3,240 1974-75 3,240 8,102 1,400 7,196 346 7,542 2,400 1975-76 2,400 7,834 1,400 6,625 398 7,023 1,811 1976-77 1,811 8,980 1,500 4,842 450 5,292 3,999 1977-78 3,999 9,500 1,500 7,000 - 7,000 4,999 /1 Registered production. Series deduced from data on stocks, consumption, and exports. /2 Stocks include private hol1dings. Note: From 1976-77 backwards, the coffee market is divided between Member and Non-member Countries. Source: National Coffee Growers Federation .  Table 3.6 - COLOMBIA: NEW YORK AND DOMESTIC COFFEE PRICES, REAL AND NOMINAL, 1967-77 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 New York Spot Price (US Cents/lb) Colombian Mams 41.9 42.6 45.0 56.4 49.3 56.7 72.7 77.9 81.6 157.8 244.3 Guatemala Prime Washed 39.2 39.4 40.1 52.0 45.0 50.3 62.6 65.9 65.7 143.2 240.8 ICO Indicator Prime 37.7 37.3 40.9 55.8 44.8 52.5 69.2 73.3 83.8 149.5 308.0 ICO Robusto 33,5 33,9 33.1 41.4 42.3 45.2 58.0 58.7 61.1 127.6 223.8 Index of International Inflation (1970-100) 95.0 89.2 90.0 100.0 108.3 119.8 144.4 180.6 208.3 210.4 230.8 New York Spot Price in Constant 1970 Prices (US Cents/lb) Colombian Mhams 44.1 47.8 50.0 56.4 45.5 47.3 50.3 43.1 39.2 75,0 105.8 Guatemala Prime Washed 41.3 44.2 44.6 52.0 41.6 42.0 43.4 36.5 31.5 68.1 104.3 ICO Indicator Prime 39.7 41.8 45.4 55.8 41.4 43.8 47.9 40.6 40.2 71.1 133.4 ICO Robusto 35.3 38.0 36.8 41.4 39.1 37,7 34.6 32.5 29.3 60.6 97.0 Manizales Coffee in the Interior (Peso/Carga) /a 75.9 88.9 98.2 130.4 124.5 150.0 193.7 220.7 272.8 553.2 717.9 Colombian Wholesale Price Index (1970-100) 82,0 87.1 92.9 100.0 111.5 131.9 168.7 229.5 287.8 353.8 448.2 Interior Price in Constant 1970 Prices (Peso) 92.6 102.1 105.7 130.4 111.7 113.7 114.8 96.2 94.8 156.4 160.2 /a I Carga = 1,250 Kilograms. Source: Revista del Banco de la Republica, Bogota,, various issues. Commodities and Export Projection Division, Economic Projections and Analysis Department, World Bank, internal memos.  Table 3.7 - COLOMBIA: CRUDE PETROLEUM PRODUCTION, APPARENT DOMESTIC CONSUMPTION AND EXPORTS, 1958-77 Crude Crude Apparent Crude Petroleum Exports Petroleum Petroleum Domestic By By Unit Value Imports Year Production /a Consumption /a Volume /a Value /b per Barrel Volume /a 1958 46,878 22,489 24,389 66,571 2.73 1959 53,574 25,208 28,366 73,292 2.58 1960 55,770 24,438 31,332 79,998 2.55 1961 53,242 25,712 27,530 68,239 2.48 1962 51,908 27,597 24,311 60,584 2.49 1963 60,243 29,072 31,171 77,198 2.48 1964 62,586 31,874 30,712 74,962 2.44 1965 73,206 32,524 40,682 88,169 2.17 1966 71,915 36,340 35,575 70,596 1.98 1967 69,416 38,268 31,148 61,212 1.96 1968 63,573 45,125 18,448 36,334 1.97 - 1969 77,275 47,422 29,853 56,672 1.90 - 1970 80,050 48,804 31,246 58,6-18 1.88 - 1971 78,635 53,229 25,406 51,236 2.02 - t 1972 71,674 56,750 14,924 30,791 2,06 1973 67,089 57,690 9,399 26,733 2.84 1974 61,387 60,907 480 4,452 9.30 1975 57,259 57,259 1976 53,376 60,101 6,725 1977 /c 50,222 59,622 9,400 /a Quantities in thousands of 42-gallon barrels. Apparent domestic refinery consumption is production minus exports (plus imports in 1975). /b Values in thousands of US Dollars. /c Preliminary. Source: Ministerio de Minas y Energla, Banco de la Repu'blica.  S