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Colombia

Colombia (/kəˈlʌmbiə/ kə-LUM-biə or /kəˈlɒmbiə/ kə-LOM-biə; Spanish: [koˈlombja] ), officially the Republic of Colombia (Spanish: ), is a transcontinental country largely situated in the northwest of South America, with territories in Central America.

Colombia shares a border to the northwest with Panama, to the east with Venezuela and Brazil, to the south with Ecuador and Peru.

It shares its maritime limits with Costa Rica, Nicaragua, Honduras, Jamaica, the Dominican Republic, and Haiti.

It is a unitary, constitutional republic comprising thirty-two departments.

The territory of what is now Colombia was originally inhabited by indigenous peoples including the Muisca, Quimbaya, and Tairona.

The Spanish arrived in 1499 and initiated a period of conquest and colonization ultimately creating the Viceroyalty of New Granada, with its capital at Bogotá.

Independence from Spain was won in 1819, but by 1830 the "Gran Colombia" Federation was dissolved.

What is now Colombia and Panama emerged as the Republic of New Granada.

The new nation experimented with federalism as the Granadine Confederation (1858), and then the United States of Colombia (1863), before the Republic of Colombia was finally declared in 1886.

Panama seceded in 1903.

Since the 1960s, the country has suffered from an asymmetric low-intensity armed conflict, which escalated in the 1990s, but then decreased from 2005 onward.

Colombia is one of the most ethnically and linguistically diverse countries in the world giving rise to a rich cultural heritage.

This has also been influenced by Colombia's varied geography, and the imposing landscape of the country has resulted in the development of very strong regional identities.The urban centres are mostly located in the highlands of the Andes mountains.

Colombian territory also encompasses Amazon rainforest, tropical grassland and both Caribbean and Pacific coastlines.

Ecologically, it is one of the world's 17 megadiverse countries, and the most densely biodiverse of these per square kilometer.

Colombia is a middle power and a regional actor with the fourth largest economy in Latin America, is part of the CIVETS group of six leading emerging markets and is an accessing member to the OECD.

Colombia has a diversified economy with macroeconomic stability and favorable growth prospects in the long run.

Region:Latin America & Caribbean
Income Level:Upper middle income
Population, total:0 (2017)
Capital:Bogota
Longitude:-74.082
Latitude:4.60987
Merchandise trade (% of GDP)

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.
Source:World Trade Organization, and World Bank GDP estimates.

Time required to start a business (days)

Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source:World Bank, Doing Business project (http://www.doingbusiness.org/).

Exports of goods and services (BoP, current US$)

Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

Imports of goods and services (BoP, current US$)

Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.