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Colombia’s Economy

Although the government has had some success curbing the Colombian drug trade, the country still produces between 70 and 80 percent of the world’s supply of cocaine. Here, a narcotics policeman organizes 3.1 tons of cocaine seized at the port of Buenaventura, Colombia, in November ­2005.

l­ower—­in the range of 3 percent to 15 percent. Inasmuch as drug lords do not pay taxes on their earnings or file income reports, all ­drug-­related economic data are, at best, ­guesses. What is known is that Colombia now produces about 70 to 80 percent of all cocaine distributed worldwide. The trade employs several hundred thousand people, ranging from farmers to “bought” law enforcement officers and politicians. With an estimated $100 million spent each year on bribes to Colombian

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Colombia  
Colombia  

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