Economy
Economic indicators |
|
| Category | Figures |
|---|---|
| PIB: |
US $4.605 millones COP $ 10.858.185 millones |
| PIB per cápita: |
US $ 2.209 COP $ 4.945.029 |
| Tasa de desempleo: |
9,2% |
| Inflación anual: |
3,38% |
| Inflación mensual: |
0,28% |
| Riesgo país: |
38,85 puntos |
|
|
|
To give a boost to the infrastructure development of the city, World Bank (IBRD) loans were sought from 1952 onwards to improve municipal water works, sewage system and slaughterhouse services. Because of its importance in the sector of national economy, the municipality of Barranquilla passed to the category of Special Industrial District and Port in 1993. Barranquilla is a major industrial centre and its economic activity is dynamic, concentrated mainly in industry, commerce, finance, services and fishing. Among the industrial products are vegetable fats and oils, pharmaceuticals, chemicals, industrial footwear, dairy products, meats, beverages, soap, building materials, furniture, plastics, cement, metalworking parts, garments clothing, buses and boats, and petroleum products. Its port is also the hub for cotton from the rural areas, coffee and petroleum, apart from the diversified industrial products manufactured in the city.
The Arabs (Syro Lebanese) and Jews who were a small group of immigrants to the country in late 19th century were exclusively involved in commercial activities and made significant value additions to the economy of Caribbean Columbia as a whole and Barranquilla in particular. Their prominent presence in the community known as “cosmopolitan bourgeoisie” as social and political elites, which has enabled them to diversify their activities.
Read more about this topic: Barranquilla
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
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