Colombia - Current Account Balance





Colombia: Current Account Balance

Mnemonic TAB.ICOL
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 3.92 %
Data 2019 Q1 -3,614
2018 Q4 -3,761

Series Information

Source Bank of the Republic of Colombia
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/1996
End Date 3/31/2019

Colombia: Trade

Reference Last Previous Units Frequency
Net Exports Apr 2019 661.78 958.64 Mil. USD FOB/CIF Monthly
Balance of Goods 2019 Q1 -2,759 -3,035 Mil. USD, NSA Quarterly
Current Account Balance 2019 Q1 -3,614 -3,761 Mil. USD, NSA Quarterly
Exports of Goods 2019 Q1 12,720 13,856 Mil. USD, NSA Quarterly
Exports of Goods and Services 2019 Q1 42,169 39,813 Bil. COP, CDASA Quarterly
Imports of Goods 2019 Q1 15,480 16,891 Mil. USD, NSA Quarterly
Imports of Goods and Services 2019 Q1 56,579 54,828 Bil. COP, CDASA Quarterly
Real Exports of Goods and Services 2019 Q1 33,319 33,765 Bil. 2015 COP, CDASA Quarterly
Real Imports of Goods and Services 2019 Q1 52,252 50,698 Bil. 2015 COP, CDASA Quarterly

Release Information

According to the International Monetary Fund website, the Balance of Payments data is disseminated for the following:

Exports and imports of goods and services
International trade in goods
Exports and imports of services
Receipts and payments for services
Net income receipts
Net current transfers
Direct investment and portfolio investment (foreign investment in Colombia and Colombian investment abroad)
Loans
Commercial credit
Other capital and financial transactions (short-term and long-term)
Changes in international reserves
Source

The conceptual and methodological criteria under which the compilation of statistics on the balance of payments is done according to the Colombia Manual balance of payments and international investment position IMF International Monetary Fund, IMF, and Sixth Edition (BPM6).

The compilation of balance of payments (BOP) in Colombia is made by the Banco de la República (BR) based on a wide range of sources of information which is accessed through regulations issued directly by the Bank or by establishing agreements agency. The structure of information sources is composed of:

  • administrative records
  • reports obtained through the system ITRS (SINTI), which in the case of Colombia, not only covers made through the local financial system but also made through deposit accounts in foreign banks registered with the BR
  • accounting reports both financial companies and non-financial
  • access to specialized international data bases
  • Estimates that follow the parameters BPM6 established methodology, in cases where no direct information is counted.

Building statistics BP takes into account its consistency with other macroeconomic statistics as Rest of World Account System of National Accounts SNA statistics of foreign trade in goods and monetary and financial statistics.

The data is preliminary when released. The data is set as "final" 12 months after the reference date. The Bank of the Republic of Colombia reserves the right to change "finalized" data.