top of page

Reflections About the Connections between Population and the Production of Goods in Colombia.

The most populated countries in America according to recent information from International Organizations are the United States with 337 million (m) inhabitants, followed by Brazil with 205 m and Mexico 132 m. Also the GDP of these countries is US 29 billion (b), US 2.3 b and US 2 b respectively, which shows that due to the difference in GDP, the first of them far exceeds the other two in economic development measured in GDP per habitant. These countries are followed in population by Colombia, but in terms of GDP per inhabitant it is located in the middle of the ranking of Latin American countries and at the American level in the lower half, as presented below.



In effect, the GDP per inhabitant is calculated as the result of dividing the total GDP within the total population, which according to the International Monetary Fund in the case of Colombia is 7.330 dollars (d) and for peer developing countries economic similar to Colombia located in America is the following: Peru 8.290 d, Ecuador 6.570 d, Chile 16.620 d and Mexico15.250 d.


Other countries that are not considered economically similar to Colombia, such as Panama register 19.370 d, Costa Rica 18.030 d, Argentina 12.810 d, Uruguay 23.090 d, Brazil 11.350 d and Paraguay 5.980 d.

As can be seen, Colombia surpasses Ecuador, Paraguay and also other countries in this calculation of GDP per inhabitant, including several Central American countries such as Guatemala 5.680 d, El Salvador 5.540 d, Bolivia 4.010 d, Venezuela 3.870 d, Honduras 3.500 d, Nicaragua 2.790 d and Haiti 1.940 d.. But Colombia is below, as previously presented, countries such as Panama, Costa Rica, Chile, Mexico, Brazil, Uruguay and Argentina.


In the American continent, the United States stands out, which in turn is sixth in the world with a GDP per inhabitant equal to 85.370 dollars and Canada occupies second place in America with 54.870 dollars.


According to the above, apart from the United States and Canada, the other countries in America are considered emerging developing countries and those that are closest to being considered developed countries are those with higher records in the region such as Uruguay, Panama, Costa Rica, Chile and Mexico. But the poorest are the countries of Central America and Haiti.

Of the first, it should be noted that Uruguay has only 3.5 million (m) inhabitants, Costa Rica 5.3 m, Panama 4.5 m and Chile 20 m. They are all populations lower than that of Colombia (which is 52.7 m), which makes it easier for these countries to obtain a GDP per inhabitant greater than that of Colombia. But other countries such as Mexico and Brazil with populations much higher than the Colombian population, such as 132 m and 205 m respectively, do exceed the GDP per inhabitant of Colombia, reaching 15.250 d and 11.350 d respectively, as mentioned before; In other words, these two countries generate a GDP sufficiently greater than the Colombian one to exceed the GDP per inhabitant of Colombia even though they have a higher level of population.



But on the other hand, the countries of Central America and Bolivia, Venezuela and Haiti with a smaller population than the Colombian one have a GDP per inhabitant lower than the Colombian one because they are countries of less economic development with sufficiently lower levels of GDP so that their GDP per inhabitant is inferior to the Colombian.


A priority in economic development is GDP growth, which for Colombia is expected to register 1.5% for this year 2.024 and 3.2% for next year 2.025.

Analysts and International Organizations point out that in Colombia a growth of 5% in GDP for several years is convenient to accelerate the reduction of unemployment, poverty and inequality with the presence of a higher level of GDP per inhabitant and thus scale positions in this indicator in Latin America, so growth lower than that figure will have minor impacts on economic and social development and on the results of GDP per inhabitant.

Comments


bottom of page