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Gross domestic product trend:

“Gross national product (GNP) is the total value of all goods and services produced plus the income earned minus the income of non-residents” (InvestorWords, 2013)

Gross national product (GNP) percent graphic in Colombia 2012-2015

Graphic by DANE web page (Colombian National Administrative Department of Statistics)

The World Bank says that Colombia represents 0.61% of the world economy. The total annual costs as stipulated in the country's gross domestic product.

The Colombian economy grew by 2.8% in the last year, considering that as the chart shows the percentages according to the last three years were: In 2012 335.42 USD Billions. In 2013 369.7 USD Billions. In 2014 380.1 USD Billions and for the first quarter of 2015 a variation of 2.8% is reported by DANE statistics.

 

Gross domestic product has a clear relationship with the education industry because the government takes part to invest in public education and improvement plans for childhood, as the value decreases they will have to cut access to education. In different countries investing in education varies according to their policies, in Colombia we found that it feels like there is still a small part to meet the quality services that children of our population deserves.

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