What is the major source of income in Columbia?

1 ANSWERS

1. kate
   

   
   Agriculture is the main economic activity in Colombia. A wide variety of different crops is grown here, but coffee is the chief crop and its price on the world market has affected Colombia's economic health. The other important crops of Columbia are bananas, cotton, sugarcane, oil palm, and these are grown at lower elevations. Columbia is a rich country in term of abundance of natural resources; it has a wide range of minerals including petroleum, natural gas, coal, iron ore, nickel, gold, copper, emeralds, and platinum. In the recent decades the manufacturing sector of the Columbia’s economy has expanded greatly, however it is heavily dependent on imported materials. Few items of imported materials are: Beverages and processed foods products, textiles, clothing and footwear. Tourism is also an important source of income in Columbia. In the early 1990s the country’s economy was improved quickly in comparison to other Latin American countries, also the rate of inflation and unemployment were under control. Colombia has the membership of the Andean Community, which is an economic organization of South American countries. The chief exports of the Columbia are: petroleum-related products, coal, nickel, emeralds, apparel, bananas, and cut flowers. The drug trade of Columbia manufactured heroin and also cultivates cannabis which left harmful effect on the country and seriously disrupted the fabric of Colombian society with its violence.
    

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