Colombia - Real Fixed Investment (gross fixed capital formation)





Colombia: Real Fixed Investment (gross fixed capital formation)

Mnemonic IF$.ICOL
Unit Bil. 2015 COP, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 1.02 %
Data 2018 Q4 48,209
2018 Q3 47,721

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 12/31/2018

Colombia: GDP

Reference Last Previous Units Frequency
Government Consumption 2018 Q4 38,631 38,045 Bil. COP, CDASA Quarterly
Investment 2018 Q4 53,932 51,427 Bil. COP, CDASA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2018 Q4 54,017 53,075 Bil. COP, CDASA Quarterly
Nominal Gross Domestic Product 2018 Q4 247,358 245,296 Bil. COP, CDASA Quarterly
Private Consumption 2018 Q4 170,035 168,524 Bil. COP, CDASA Quarterly
Real Fixed Investment (gross fixed capital formation) 2018 Q4 48,209 47,721 Bil. 2015 COP, CDASA Quarterly
Real Government Consumption 2018 Q4 34,153 33,760 Bil. 2015 COP, CDASA Quarterly
Real Gross Domestic Product 2018 Q4 215,975 214,718 Bil. 2015 COP, CDASA Quarterly
Real Investment 2018 Q4 49,755 49,122 Bil. 2015 COP, CDASA Quarterly
Real Private Consumption 2018 Q4 149,236 148,418 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.