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Economy of Cali


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p class="MsoNormal">According to statistics DANE in 1995, the annual growth of GDP of the Valle del Cauca region was almost twice the national rate. For 1997, GDP increased marginally vallecaucano even 1%. In 1999 the country's economic recession was felt with a depression that made the economy were reduced showing GDP growth of 4%. Since then GDP has grown Valley ups and downs, but its percentage share nationwide has been falling since 1995 as shown in the graph.

The department contributes significantly to the national economy. According to statistics for the year 2005 as agricultural Valley contributes 5.37% of the national production, which is relatively low compared with Antioquia (15.48%) or Cundinamarca (12.81%). In fisheries products, the region ranks first with vallecaucana contributing 36% of the country's total production. As for mining, the Valley is not a metal region; however, in terms of non-metallic minerals the department contributes 8.15% of the value added across Colombia.

The industry vallecaucana contributes 13.81% of the national value added, second only to Bogotá with a 25.39% and 18.20% with Antioquia. Particularly, the industries of food, beverages and snuff are important items of the Valley's economy contributing 16% of national value added, equaled or surpassed only by Antioquia and Bogotá. On trade, nationally Bogotá has a 32.22%, 13.25% Antioquia and Valle 11.34%. In the Valley transportation services has 12.52% of value added.

The Consumer Price Index (IPC) of Cali has been since the last decade one of the lowest among Colombian cities. About 78% of Cali's people are of working age (over 18 years). In 2005 for the first time in six years the city presented an occupancy rate above 60%, which confirms the good state of the economy, led

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