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 | 6.64 % | |
| Data | 2020 Q4 | 41,557 |
| 2020 Q3 | 38,971 | |
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: Trade
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Net Exports | Jan 2021 | 1,227 | 1,113 | Mil. USD FOB/CIF | Monthly |
| Balance of Goods | 2020 Q4 | -3,966 | -3,072 | Mil. USD, NSA | Quarterly |
| Current Account Balance | 2020 Q4 | -3,114 | -1,751 | Mil. USD, NSA | Quarterly |
| Exports of Goods | 2020 Q4 | 10,128 | 9,144 | Mil. USD, NSA | Quarterly |
| Exports of Goods and Services | 2020 Q4 | 33,196 | 33,471 | Bil. COP, CDASA | Quarterly |
| Imports of Goods | 2020 Q4 | 14,094 | 12,216 | Mil. USD, NSA | Quarterly |
| Imports of Goods and Services | 2020 Q4 | 50,572 | 48,135 | Bil. COP, CDASA | Quarterly |
| Real Exports of Goods and Services | 2020 Q4 | 25,832 | 26,218 | Bil. 2015 COP, CDASA | Quarterly |
| Real Imports of Goods and Services | 2020 Q4 | 41,557 | 38,971 | 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.
