Cocaine overtakes oil as Colombia's top export, 4.4% of GDP

A study reports that illicit cocaine revenues hit $16.5B in 2024, surpassing oil as Colombia's top export and reaching 4.4% of GDP, with production up tenfold over a decade. The figures are based on a study, not official data, and the economic impact is significant for state finances and security. This marks a structural shift in Colombia's economy, complicating peace efforts and international counternarcotics policy.