colombia 2004 8 1 the mineral industry of by ivette e torres was fourth largest country in latin america and caribbean terms purchasing power parity it had economy region after brazil mexico argentina s gross domestic product 95 2 billion at current prices 315 5 based on international monetary fund 2005 grew 4 following an increase 47 revised 2003 this economic growth propelled part a significant construction which increased 9 7 13 mining quarrying included hydrocarbons 24 16 departamento adminsitrativo nacional de estadística 2005a output automobile 41 that iron steel more than 12 embajada en tokyo production were dominated fuel sector fifth ranked producer crude petroleum contributed about