APPENDIX A: COUNTRY DATA 1) Country Profile Population 35 million [Bogota 6.3 million, Medellin 1.6 million, Cali 1.7 million, and Barranquilla 1.3 million]. Population Growth Rate 1.85 percent (1993) Government System Democratic Republic Religion Catholic Language Spanish Work Week Professional - 40 hours per week, Monday through Friday Skilled and unskilled labor - 44-48 hours per week, Monday through Saturday. [Note: Overtime is permitted up to 12 hours per work and must be compensated at 25-100 percent] 2) Domestic Economy (All data in US$Millions or Percentage Change) 1993 1994 1995 (Prelim) (Est) (Forecast) - GDP (millions of USD 49,900.0 52,645.0 55,275.0 - GDP Growth rate (%) 5.3 5.5 5.0 - Govt. spending as % of GDP 15.0 15.3 15.5 - Inflations (%) 22.6 19.0 19.0 - Unemployment Rate (Urban) (%) 7.9 8.6 8.5 - Net International Reserves 7,901.0 8,000.0 8,550.0 - Market Exchange Rate/Year End 802.7 875.0 915.0 - Total Foreign Debt 17,709.0 20,475.0 22,475.0 - Debt Service/Exports of Goods & Services (%) 32.2 35.5 33.5 - U.S. Military Economic Aid 55 N/A N/A A/ preliminary B/ estimated C/ forecast 3) Trade (USD Millions) (including Hydrocarbons) 1993 1994 (e) 1995 (e) - Total Colombian Exports (FOB) (1) 7,110.6 (p) 8,0359,240 - Total Colombian Imports (CIF) (1) 9,841.0 (p) 12,006 15,007 - Exports to the U.S. (FOB) (1) 2,641.2 (p) 2,9733,419 - Imports from the U.S. (CIF) (1) 3,469.6 (p) 4,2335,291 - U.S. Share of Colombian imports (%)(1) 35.3 36 36 Colombian imports of manufactured goods (HS): - Total (from World) (1) 7,926.0 (p) 9,005 11,255 - From the U.S. (1) 3,278.0 (p) 3,6024,322 - U.S. Share of Manufactured Imports (%) 41 40 40 - Manufactured goods trade balance with U.S. -2,722.0 (e) -2,978 -3,573 - Projected Avg. annual growth rate from world through 1996 (%) 10 - Projected Avg. annual growth rate from U.S. through 1996 (%) 12 Imports of Agricultural Goods - Total 650 715 786 - From the U.S. 217 240 263 - U.S. Share (Percent) 33 34 33 - U.S. Trade Balance -594 -595 -597 Please note: All figures obtained in U.S. dollars - No exchange rate used. Source: (1) DIAN (Internal Revenue Service & Customs Bureau) and DANE (Colombian Statistics Bureau) (p) preliminary - little adjustments expected (e) Estimated by the National Planning Department. For Agriculture Goods estimate by Agricultural Affairs. 4) Investment Statistics Foreign investment in Colombia is concentrated in the following sectors* : petroleum, 50.9 percent; mining, 18.4 percent; manufacturing, 21.3 percent; financial institutions, 5.6 percent; commerce, 2.6 percent; and other, 1.2 percent. Foreign investment by nationality (non-petroleum) is broken down as follows: North American 64.2 percent; Europe 18.3 percent; Latin America 15.7 percent; Asia 1.7 percent; other 0.1 percent. (*) Total is estimate. Last official statistics for petroleum investment were released in 1990; statistics shown were based on 1990 figures and unofficial GOC source information. They represent best estimate of current percentages. Table 1 Non-Petroleum Foreign Investment in Colombia By Country (Thousands of US Dollars) (Top 22 Countries) Stock 1993 &% Total Invest 1992 Invest 1993 U.S. 2,745,481 (62.6%) 97,107 153,276 Panama 212,216 (4.8%) 45,919 43,926 Switzerland 190,637 (4.3%) 6,484 5,036 Venezuela 179,792 (4.1%) 31,734 65,810 UK 173,382 (4.0%) 63,912 2,532 France 96,880 (2.2%) 5,165 9,021 Germany 86,906 (2.0%) 2,005 5,608 Canada 77,568 (1.8%) 6,991 4,407 Holland 75,590 (1.7%) 6,585 6,480 Cayman Island75,502 (1.7%) 20,715 12,826 Sweden 66,621 (1.5%) 165 27,713 Luxembourg 48,866 (1.1%) Virgin Island(UK)41,418 (.9%) 17,823 12,114 Spain 35,553 (.8%) 7,529 5,154 Ecuador 30,368 (.7%) Bahamas 23,992 (.5%) Mexico 13,871 (.3%) 544 2,164 Chile 13,541 (.3%) 660 12,220 Peru 10,926 (.2%) Brasil 9,710 (.2%) 21 6,950 Argentina 8,487 (.2%) 590 5,628 Other 98,790 (2.3%) Total 4,388,965 350,479 436,504 Source: Central Bank Note: In 1993, Aruba (USD 20,693,000), Liechtenstein (USD 8,166,000), Uruguay (USD 4,500,000) and Russia (USD 2,428,000) were included in the top 22 investors. Table 2 Non-Petroleum Foreign Investment in Colombia By Activity (Thousands of US Dollars) Stock 1993 Invest 1992 Invest 1993 Manufacturing 1,885,000 69,858197,924 Mining 1,622,700 75,509 6,018 Financial 495,700 153,515159,287 Commerce 226,900 19,320 31,342 Construction 60,000 19,273 18,953 Transportation/ Communications45,900 6,593 5,783 Agriculture 42,000 5,52412,885 Other 7,100 436 2,967 Social Services3,500 478 1,375 Electricity, Gas n/a 53,433 0 Total 3,952,500 350,479 436,504 Source: Central Bank Table 3 Foreign Direct Investment (*) (Percent of GDP) 1992 1993 Capital Inflows 2.12 2.05 Stock 12.00 10.30 (*) Estimate of total of petroleum and non-petroleum investments; last official petroleum investments figures released 1990. Totals shown based on estimate using unofficial GOC figures since 1990. Table 4 Colombia's Foreign Investment by Sector (Thousands of USD) Sector 1992 1993 Food and Beverages 37,930 21,149 Financial 8,682 12,408 Real Estate 0 12,088 Commerce 2,600 4,007 Minerals 0 2,267 Chemicals 6,031 2,150 Agriculture 430 692 Construction 4 653 Paper Products 1,133 683 Metal Products 1,918 189 Social Services 6 145 Textiles 0 172 Communications 62 11 Retail Sales 168 0 Unspecified 72 238 Total 58,951 58,810 Source: Central Bank Table 5 Colombia's Foreign Investment by Country (Thousands of Dollars) Country 1992 1993 Spain 4 19,964 Portugal 37,730 12,088 Venezuela 5,643 11,660 Panama 13,100 6,001 Peru 62 2,757 US 370 1,496 Gibraltar 0 1,000 British Virgin Islands 0 589 Great Britain 0 500 Ecuador 753 475 Chile 0 182 Nicaragua 0 130 Mexico 0 14 Barbados 500 0 El Salvador 700 0 Puerto Rico 90 0 Brasil 0 (3) Guatemala 0 (10) Bahamas 0 (15) Germany 0 (18) Total 58,941 56,810 Source: Central Bank