|Unit||Bil. 2015 COP, CDASA|
|Adjustments||Calendar Adjusted and Seasonally Adjusted|
|Source||National Administrative Department of Statistic (DANE) - Colombia|
|Release||GDP - Current and Constant Prices|
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
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.