Colombia - Wage & Salaries

Colombia: Wage & Salaries

Mnemonic	YPEWS.ICOL
Unit	Mil. USD, NSA
Adjustments	Not Seasonally Adjusted
	Quarterly	75.08 %
Data	2022 Q4	0.77
	2022 Q3	3.09

Series Information

Source	Bank of the Republic of Colombia
Release	Balance of Payments
Frequency	Quarterly
Start Date	3/31/2000
End Date	12/31/2022

Colombia: Labor

	Reference	Last	Previous	Units	Frequency
Total Employment	Jan 2023	21,491	22,468	Ths. #, NSA	Monthly
Unemployment Rate	Jan 2023	13.7	10.27	%, NSA	Monthly
Wage & Salaries	2022 Q4	0.77	3.09	Mil. USD, NSA	Quarterly
Labor Force	2021	24,089,179	23,231,877	#	Annual
Labor Force Employment	2021	20,741,207	19,736,765	#	Annual
Unemployment	2021 Q4	3,020,010	3,276,636	#, NSA	Quarterly
Agriculture Employment	2017	4,264,675	4,185,890	#	Annual

Release Information

Description

For Colombia, detailed quarterly balance of payments under the IMF BPM6 framework.

Properties

Active:

Framework: BPM6
Measurement: Millions of U.S. dollars (Mil. USD)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Quarterly
Start date: Uniformly 2000Q1

Predecessor:

BPM5 - 1996 to 2013

Methodology

According to the International Monetary Fund website, the Balance of Payments data is disseminated for the following:

Exports and imports of goods and services
International trade in goods
Exports and imports of services
Receipts and payments for services
Net income receipts
Net current transfers
Direct investment and portfolio investment (foreign investment in Colombia and Colombian investment abroad)
Loans
Commercial credit
Other capital and financial transactions (short-term and long-term)
Changes in international reserves
Source

The conceptual and methodological criteria under which the compilation of statistics on the balance of payments is done according to the Colombia Manual balance of payments and international investment position IMF International Monetary Fund, IMF, and Sixth Edition (BPM6).

The compilation of balance of payments (BOP) in Colombia is made by the Banco de la República (BR) based on a wide range of sources of information which is accessed through regulations issued directly by the Bank or by establishing agreements agency. The structure of information sources is composed of:

administrative records
reports obtained through the system ITRS (SINTI), which in the case of Colombia, not only covers made through the local financial system but also made through deposit accounts in foreign banks registered with the BR
accounting reports both financial companies and non-financial
access to specialized international data bases
Estimates that follow the parameters BPM6 established methodology, in cases where no direct information is counted.

Building statistics BP takes into account its consistency with other macroeconomic statistics as Rest of World Account System of National Accounts SNA statistics of foreign trade in goods and monetary and financial statistics.

Moody's Analytics supplements

For the current accounts balance, we have extended the history to 1996. We have constructed a seasonally adjusted supplement.

Revisions

The data is preliminary when released. The data is set as "final" 12 months after the reference date. The Bank of the Republic of Colombia reserves the right to change "finalized" data.