Colombia

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dc.creatorWorld Bank Group
dc.date2015-11-20T21:30:06Z
dc.date2015-11-20T21:30:06Z
dc.date2015-06-22
dc.date.accessioned2026-07-01T00:43:31Z
dc.descriptionColombia has made impressive strides in reducing poverty and promoting shared prosperity during the last decade. Extreme poverty fell from 17.7 percent in 2002 to 8.1 percent in 2014, while total poverty (including moderate poverty) fell from 49.7 percent in 2002 to 29.5 percent in 2014. The decline implies that 6.2 million people left poverty in the period. The multidimensional poverty rate, which takes into account education, health, labor, childcare, and housing, has also experienced a remarkable decline from 49 percent in 2003 to 21.9 percent in 2014. The number of multidimensional poor declined by 9.8 million. Shared prosperity indicators followed a similar trend, especially after the second half of the decade. Between 2008 and 2013, the income per capita of the bottom 40 percent of Colombians grew at an average rate of 6.6 percent, significantly higher than the national average rate of 4.1 percent for the same period. Economic growth that led to job creation has been the main driver of poverty reduction and shared prosperity gains. The economy sustained an average GDP growth of 4.4 percent during the 2000s, almost 2 percentage points higher than the previous decade. For the period 2002-2013, economic growth explains 73 percent of the reduction in extreme poverty and 84 percent of the reduction in total poverty. Moreover, price stability, and in particular stable food prices contribute to poverty outcomes. As in the case of poverty reduction, labor income growth is the main determinant of shared prosperity in recent years in Colombia. Labor income represents at least fifty percent of income growth for the poorest 10 percent of the population, and up to 70 percent for those in the fourth decile, in the period 2008-2013. This evidence highlights the importance of high growth and low inflation for achieving the World Bank’s twin goals in Colombia.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/07/24742430/colombia-systematic-country-diagnostic
dc.identifierhttps://hdl.handle.net/10986/23111
dc.identifierhttps://doi.org/10.1596/23111
dc.identifier.urihttp://hdl.handle.net/123456789/409929
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationSystematic Country Diagnostic;
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectTARIFFS
dc.subjectSOCIAL COSTS
dc.subjectCAPITAL MARKETS
dc.subjectUNEMPLOYMENT RATES
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectECONOMIC GROWTH
dc.subjectRENEWABLE RESOURCES
dc.subjectCARBON DIOXIDE
dc.subjectENVIRONMENTAL DEGRADATION
dc.subjectFOSSIL FUELS
dc.subjectAIR QUALITY
dc.subjectWASTE MANAGEMENT
dc.subjectPERVERSE INCENTIVES
dc.subjectCARBON
dc.subjectREFRIGERATION
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectEXPECTATIONS
dc.subjectMARGINAL COST
dc.subjectPRODUCERS
dc.subjectRESOURCE MANAGEMENT
dc.subjectPROPERTY RIGHTS
dc.subjectENVIRONMENTAL COSTS
dc.subjectFINANCIAL RESOURCES
dc.subjectTIMBER
dc.subjectRESOURCE ALLOCATION
dc.subjectLABOR FORCE
dc.subjectEMISSIONS
dc.subjectREVENUES
dc.subjectENVIRONMENTAL ISSUES
dc.subjectENVIRONMENTAL REGULATIONS
dc.subjectDIMINISHING RETURNS
dc.subjectINCENTIVES
dc.subjectCARBON DIOXIDE EMISSIONS
dc.subjectEQUILIBRIUM
dc.subjectPRODUCTIVE RESOURCES
dc.subjectASYMMETRIC INFORMATION
dc.subjectMODELS
dc.subjectREAL WAGES
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectDEVELOPED COUNTRIES
dc.subjectWILLINGNESS TO PAY
dc.subjectEFFICIENCY WAGES
dc.subjectPRICE FIXING
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DYNAMICS
dc.subjectOIL PRICES
dc.subjectCLIMATIC CONDITIONS
dc.subjectEXPLOITATION
dc.subjectARABLE LAND
dc.subjectLABOR COSTS
dc.subjectOIL
dc.subjectAIR POLLUTION
dc.subjectTRADEOFFS
dc.subjectCARCINOGENS
dc.subjectGOVERNMENT REGULATIONS
dc.subjectNATURAL CAPITAL
dc.subjectPOPULATION GROWTH
dc.subjectCAPITAL FORMATION
dc.subjectENVIRONMENTAL SCIENCES
dc.subjectOPTIONS
dc.subjectLABOR PRODUCTIVITY
dc.subjectPOLLUTION LEVELS
dc.subjectQUOTAS
dc.subjectDEBT
dc.subjectBARRIERS TO ENTRY
dc.subjectSUSTAINABLE FORESTRY
dc.subjectALLOCATIVE EFFICIENCY
dc.subjectLAND DEGRADATION
dc.subjectPOLLUTION
dc.subjectFORESTRY
dc.subjectBENEFIT ANALYSIS
dc.subjectECONOMIC POLICIES
dc.subjectAQUIFERS
dc.subjectDIVIDENDS
dc.subjectURBAN AIR POLLUTION
dc.subjectBARLEY
dc.subjectNATURAL RESOURCES
dc.subjectMETALS
dc.subjectSUBSIDIES
dc.subjectEFFICIENCY
dc.subjectFISHING
dc.subjectGREENHOUSE GASES
dc.subjectTAXES
dc.subjectTAX REFORMS
dc.subjectLAND USE
dc.subjectEFFECTIVE USE
dc.subjectRESOURCES
dc.subjectUNEMPLOYMENT
dc.subjectENERGY CONSUMPTION
dc.subjectEQUITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectCONSUMPTION
dc.subjectECONOMIC IMPACT
dc.subjectWAGES
dc.subjectCLIMATE CHANGE
dc.subjectENVIRONMENTAL MANAGEMENT
dc.subjectVALUES
dc.subjectECONOMIC VALUE
dc.subjectPOLICY MAKERS
dc.subjectCREDIT
dc.subjectQUALITY STANDARDS
dc.subjectPURCHASING POWER
dc.subjectDEFORESTATION
dc.subjectDEMAND
dc.subjectCPI
dc.subjectMINES
dc.subjectNATIONAL INCOME
dc.subjectSUSTAINABLE GROWTH
dc.subjectPUBLIC EXPENDITURES
dc.subjectEXPENDITURES
dc.subjectWORKING POOR
dc.subjectPROPERTY
dc.subjectENVIRONMENTAL INFORMATION
dc.subjectLOGGING
dc.subjectDECISION MAKING
dc.subjectTAX RATES
dc.subjectENVIRONMENTAL PERFORMANCE
dc.subjectTRANSACTION COSTS
dc.subjectENVIRONMENT
dc.subjectECONOMICS
dc.subjectTERMS OF TRADE
dc.subjectSECURITIES
dc.subjectWASTE DISPOSAL
dc.subjectTAX REVENUE
dc.subjectECONOMIC FACTORS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectTRADE
dc.subjectLAND
dc.subjectTRANSFER PAYMENTS
dc.subjectDRINKING WATER
dc.subjectTRADE TAXES
dc.subjectHEALTH PROBLEMS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectPUBLIC PARTICIPATION
dc.subjectECONOMIC   GROWTH
dc.subjectCOAL
dc.subjectFARMS
dc.subjectPOPULATION PRESSURES
dc.subjectECOLOGY
dc.subjectWATER POLLUTION
dc.subjectWAGE DIFFERENTIALS
dc.subjectREVENUE
dc.subjectEMPIRICAL EVIDENCE
dc.subjectPRIVATE CONSUMPTION
dc.subjectRISK MANAGEMENT
dc.subjectECOSYSTEM HEALTH
dc.subjectECONOMISTS
dc.subjectTAX REFORM
dc.subjectPASTURES
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectINTERMEDIATE INPUTS
dc.subjectPROFITS
dc.subjectENVIRONMENTAL
dc.subjectLABOR MARKETS
dc.subjectWETLANDS
dc.subjectPRICES
dc.subjectDEMOGRAPHICS
dc.subjectOIL SECTOR
dc.subjectPRODUCTION COSTS
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIES
dc.subjectPUBLIC GOODS
dc.subjectCOMPETITION
dc.titleColombia
dc.titleSystematic Country Diagnostic
dc.typeReport
dc.typeRapport
dc.typeInforme

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