Colombia - Investment





Colombia: Investment

Mnemonic I.ICOL
Unit Bil. COP, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 2.99 %
Data 2020 Q4 49,397
2020 Q3 47,963

Series Information

Source National Administrative Department of Statistic (DANE) - Colombia
Release GDP - Current and Constant Prices
Frequency Quarterly
Start Date 3/31/1994
End Date 12/31/2020

Colombia: GDP

Reference Last Previous Units Frequency
Government Consumption 2020 Q4 45,531 45,464 Bil. COP, CDASA Quarterly
Investment 2020 Q4 49,397 47,963 Bil. COP, CDASA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2020 Q4 49,620 46,806 Bil. COP, CDASA Quarterly
Nominal Gross Domestic Product 2020 Q4 266,601 245,864 Bil. COP, CDASA Quarterly
Private Consumption 2020 Q4 185,023 169,426 Bil. COP, CDASA Quarterly
Real Fixed Investment (gross fixed capital formation) 2020 Q4 38,522 37,972 Bil. 2015 COP, CDASA Quarterly
Real Government Consumption 2020 Q4 37,389 37,187 Bil. 2015 COP, CDASA Quarterly
Real Gross Domestic Product 2020 Q4 215,267 202,992 Bil. 2015 COP, CDASA Quarterly
Real Investment 2020 Q4 39,754 39,284 Bil. 2015 COP, CDASA Quarterly
Real Private Consumption 2020 Q4 151,616 140,380 Bil. 2015 COP, CDASA Quarterly

Release Information

For Colombia, the expenditure approach to GDP from the quarterly national accounts. Quarterly from 1994.

Gross Domestic Product (GDP) is the monetary value of all domestic finished goods and services. The Departmento Administrativo Nacional de Estadistica (DANE) reports GDP at constant prices to adjust for inflations. Data is also reported at current prices. The data set includes quarterly chain-linked percent change of GDP and its components.  

GDP and its components are indexed 2015 = 100 and are not seasonally adjusted (NSA) or calendar day and seasonally adjusted (CDASA). DANE calculated GDP from the point of view of supply and demand using the following equation:

GDP = ΣVA + Tx GDP = GCF + FBKF + Δ Inv + X - M
Where:

  • GDP = Gross Domestic Product
  • GCF = Final Consumption Expenditure
  • VA = Added value of branches of activity
  • At basic prices FBKF = Gross Fixed Capital Formation
  • Tx = Net taxes on products that include: Δ Inv = Change in Inventories
  • + Taxes and duties on imports X = Exports
  • + Non-deductible VAT M = Imports
  • + Other Taxes on products
  • - Product subsidies

The data are preliminary when first released, and become provisional four months later.

Concurrent with the change in currency reference year for the quarterly national accounts during 2018Q1, the source redefined their treatment of insurance premium payments, which shifted final consumption expenditure to the private institutional sector from government.