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In September 2015, Colombia’s government reached a peace deal with FARC rebels, who
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they’ve been in conflict with since 1964. Despite Colombia’s inability to topple the
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FARC threat, their military is actually quite large, and benefits financially from a growing
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Colombian economy. So just how powerful is Colombia?
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Well, the country is about twice the size of Spain, but holds roughly the same amount
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of people at around 47 million. Colombia borders the tip of Central America in Panama, and
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forms the beginning of South America.
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About a third of Colombian citizens live in poverty in rural areas due to decades of violence
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between the FARC rebels and Colombian government. However, those who live in the cities are
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often well off, especially in Colombia’s highly developed capital city of Bogota. The
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World Bank lists Colombia as an “Upper Middle Income” country, with a GDP of nearly $400
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Billion dollars. They rank above competing neighbors Venezuela and Ecuador, and not far
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behind successful European nations like Norway and Austria.
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Colombia’s economy heavily depends on energy and mining exports. It’s Latin America’s
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fourth largest oil producer, the world’s fourth largest coal exporter, and the leading
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producer of raw emeralds. However, these commodities are vulnerable to price fluctuations, and
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as a result, Colombia has been diversifying its economy. From 2007 to 2012, the Colombian
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tech industry grew 177% and is being called the “Silicon Valley” of South America.
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However, much of Colombia’s economy is still significantly involved with the South American
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drug trade. Although their most famous drug kingpin, Pablo Escobar, died in 1993, today
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more than $400 million dollars within the Colombian economy comes from drug trafficking
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profits. Colombia is thought to be one of the world’s leading producers of cocaine
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With about 450,000 active military personnel, Colombia has long attempted to tackle its
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drug and rebel problem by cracking down with its armed forces. However, they have had limited
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success in jungle areas, and the resulting violent clashes have long been criticized
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by human rights organizations. Worldwide, Colombia ranks 52nd in military power, spending
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$13 Billion dollars on defense in 2014.
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But Colombia is not alone in their fight. Since 2000, the US has spent nearly $10 billion
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dollars to help encourage peace and eradicate illicit drug trafficking. The US is Colombia’s
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largest trading partner, and the 2012 US-Colombia Trade Promotion Agreement has reduced tariffs
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and promoted economic growth. Colombia is also party to a number of international organizations.
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With close ties to the United States and a flourishing economy, Colombia proves itself
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to be a significant international “Middle Power”. However, due to decades of violence,
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poverty still plagues the nation. So how powerful is Colombia? Powerful enough to be self sufficient,
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but not enough to overcome the country’s greatest obstacles.
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To find out more about the infamous kingpin behind Colombia’s drug trade, check out
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Seeker Daily’s video on Pablo Escobar. Or, to learn more about Colombia’s FARC rebels,
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check out our video at the bottom. Thanks for watching TestTube! Make sure to like and
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subscribe so you don’t miss out on new videos.