Political Highlights Government type: Presidential Republic Head of state: Ivan Duque Marquez Elections/appointments: The president is directly elected by absolute majority vote for a 4-year term Next legislative and presidential elections are due in March 2022 and May 2022 respectively Legal system: Civil law Legislative branch: Bicameral congress (108-seat Senate and 172-seat Chamber of Representatives) Major political parties: Democratic Center Party, Radical Change, Colombian Conservative Party, Colombian Liberal Party, Social National Unity Party Economic Trend Economic Indicators 2018 2019 2020* 2021^ 2022^ Nominal GDP (USD bn) 333.5 323.6 264.9 280.4 296.2 Real GDP growth (%) 2.5 3.3 -8.2 4 3.6 GDP per capita (USD) 6,692 6,423 5,207 5,457 5,713 Inflation (%) 3.2 3.5 2.4 2.1 2.5 Current account balance (% of GDP) -3.9 -4.2 -4 -3.9 -3.8 General government debt (% of GDP) 53.7 52.3 68.2 68.1 67.3 *Estimate ^Forecast Hong Kong Total Exports to Colombia Hong Kong Total Exports to Colombia (HK$ billion) (World) (Colombia) Year Colombia World 4,500 7.0 2011 2.5 3,337 4,000 2012 2.6 3,434 6.0 2013 3.4 3,560 3,500 2014 5.3 3,673 5.0 2015 5.4 3,605 3,000 2016 World 3.9 3,588 4.0 2017 3.7 3,876 2,500 2018 Colombia 6.1 4,158 2,000 2019 5.3 3,989 (HK$ billion) 3.0 2020 3.5 3,928 1,500 2.0 1,000 1.0 500 0 0.0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Hong Kong Exports to Colombia by Product (% share) Hong Kong Exports to Colombia by Product (2020) Electrical machinery, Product 2020 apparatus and Telecommunications and sound recording and appliances, and 76.5 electrical parts reproducing apparatus and equipment thereof 7% Electrical machinery, apparatus and appliances, and 6.9 electrical parts thereof Professional, scientific and Professional, scientific and controlling instruments controlling 4.4 instruments and and apparatus apparatus 4% Office machines and automatic data processing 3.9 machines Photographic apparatus, equipment and supplies Telecommunications 1.6 and sound recording Office machines and and optical goods; watches and clocks and reproducing automatic data processing machines Others apparatus and 6.8 equipment 4% 76% Others Total 100.0 7% Photographic apparatus, equipment and supplies and optical goods; watches and clocks 2%.