A number of factors have affected the country’s exchange rates in the last two years. In this time period, the country was recovering from its first major recession since 1931. In recent years, inflation and the unemployment rate have been quite high. The country’s main export items are commodities, which have gone through a period of low trading prices.

Colombia is still in the midst of a civil war, which has seen the guerrilla group Revolutionary Armed Forces of Colombia (FARC) take control of 40 percent of the country. Also involved in the war are other guerrilla groups and various paramilitary groups originally funded by the drug cartel. The political instability has had a great effect on Colombia’s economy. A great amount of money is spent on the country’s military w

High levels of economic crime also continue to plague business in Colombia. Truck hijackings, contraband importation, counterfeiting of products, kidnapping for ransom, and sabotage have all increased cost and risk of doing business in the country. Foreign oil companies are particularly subject to extortion, kidnappings, and pipeline attacks. There have been labour troubles due to the environment, but high-unemployment have constrained any type of job action.

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