three horizontal bands of yellow (top, double-width), blue, and red; the flag retains the three main colors of the banner of Gran Columbia, the short-lived South American republic that broke up in 1830; various interpretations of the colors exist and include: yellow for the gold in Colombia's land, blue for the seas on its shores, and red for the blood spilled in attaining freedom; alternatively, the colors have been described as representing more elemental concepts such as sovereignty and justice (yellow), loyalty and vigilance (blue), and valour and generosity (red); or simply the principles of liberty, equality, and fraternity
note: similar to the flag of Ecuador, which is longer and bears the Ecuadorian coat of arms superimposed in the center
National anthem:
name: "Himno Nacional de la Republica de Colombia" (National Anthem of the Republic of Colombia)
lyrics/music: Rafael NUNEZ/Oreste SINDICI
note: adopted 1920; the anthem was created from an inspirational poem written by President Rafael NUNEZ
Economy ::Colombia
Economy - overview:
Colombia experienced accelerating growth between 2002 and 2007, chiefly due to improvements in domestic security, rising commodity prices, and to President URIBE's promarket economic policies. Foreign direct investment reached a record $10 billion in 2008, and continues to flow in, especially in the oil sector. A series of policies enhanced Colombia's investment climate: pro-business reforms in the oil and gas sectors and export-led growth fueled mainly by the Andean Trade Promotion and Drug Eradication Act. Inequality, underemployment, and narcotrafficking remain significant challenges, and Colombia's infrastructure requires major improvements to sustain economic expansion. Because of the global financial crisis and weakening demand for Colombia's exports, Colombia's economy grew only 2.7% in 2008, and 0.8% in 2009 but rebounded to around 4.5% in 2010. The government has encouraged exporters to diversify their customer base beyond the United States and Venezuela, traditionally Colombia's largest trading partners; the SANTOS administration continues to pursue free trade agreements with Asian and South American partners and awaits the approval of a Canadian trade accord by Canada's and EU's parliaments. The business sector remains concerned about Venezuela's trade restrictions on Colombian exports, an appreciating domestic currency, and the pending US Congressional approval of the US-Colombia Trade Promotion Agreement.
GDP (purchasing power parity):