Colombia - Real Imports of Goods and Services





Colombia: Real Imports of Goods and Services

Mnemonic IM$.ICOL
Unit Bil. 2015 COP, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 4.45 %
Data 2022 Q3 66,956
2022 Q2 64,101

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 9/30/2022

Colombia: Trade

Reference Last Previous Units Frequency
Balance of Goods 2022 Q3 -4,570 -3,165 Mil. USD, NSA Quarterly
Current Account Balance 2022 Q3 -6,176 -4,857 Mil. USD, NSA Quarterly
Exports of Goods 2022 Q3 19,191 19,519 Mil. USD, NSA Quarterly
Exports of Goods and Services 2022 Q3 77,729 77,002 Bil. COP, CDASA Quarterly
Imports of Goods 2022 Q3 23,762 22,684 Mil. USD, NSA Quarterly
Imports of Goods and Services 2022 Q3 109,063 103,218 Bil. COP, CDASA Quarterly
Net Exports Sep 2022 1,917 2,801 Mil. USD FOB/CIF Monthly
Real Exports of Goods and Services 2022 Q3 34,679 35,299 Bil. 2015 COP, CDASA Quarterly
Real Imports of Goods and Services 2022 Q3 66,956 64,101 Bil. 2015 COP, CDASA Quarterly

Release Information

For Colombia, the expenditure approach to GDP from the quarterly national accounts, from 1994, and the income approach, from 2016.

Expenditure approach

Active:

  • Framework: UN SNA 2008
  • Measurements:
    • Billions of Colombian pesos at constant year-2015 prices (Bil. 2015 COP)
    • At current prices (Bil. COP)
    • Quarter-over-quarter percent change (% Q/Q)
    • Year-over-year percent change (% Y/Y)
  • Adjustment: Calendar day adjusted and seasonally adjusted (CDASA)
  • Native frequency: Quarterly
  • Start date: Uniformly 1994Q1

Predecessors:

  • At 2005 prices ("_05")
  • At 2000 prices ("_00")
  • At 1994 prices ("94")

Income approach

  • Measurements:
    • Billions of Colombian pesos at current prices (Bil. COP)
    • Year-over-year percent change (% Y/Y)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: Uniformly 2016Q1

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 = SVA + Tx GDP = GCF + FBKF + ? 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: ? Inv = Change in Inventories
  • + Taxes and duties on imports X = Exports
  • + Non-deductible VAT M = Imports
  • + Other Taxes on products
  • - Product subsidies

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.

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.