Colombia - Real Private Consumption





Colombia: Real Private Consumption

Mnemonic C$.ICOL
Unit Bil. 2015 COP, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 1.36 %
Data 2019 Q1 152,039
2018 Q4 150,000

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 3/31/2019

Colombia: GDP

Reference Last Previous Units Frequency
Government Consumption 2019 Q1 38,253 38,111 Bil. COP, CDASA Quarterly
Investment 2019 Q1 53,877 54,321 Bil. COP, CDASA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2019 Q1 53,636 53,420 Bil. COP, CDASA Quarterly
Nominal Gross Domestic Product 2019 Q1 253,155 248,915 Bil. COP, CDASA Quarterly
Private Consumption 2019 Q1 177,285 171,241 Bil. COP, CDASA Quarterly
Real Fixed Investment (gross fixed capital formation) 2019 Q1 48,101 48,700 Bil. 2015 COP, CDASA Quarterly
Real Government Consumption 2019 Q1 33,314 33,766 Bil. 2015 COP, CDASA Quarterly
Real Gross Domestic Product 2019 Q1 215,868 215,887 Bil. 2015 COP, CDASA Quarterly
Real Investment 2019 Q1 47,851 48,759 Bil. 2015 COP, CDASA Quarterly
Real Private Consumption 2019 Q1 152,039 150,000 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.