Logout / Access Other products Drop Down Arrow
Get live help Monday-Friday from 7:00AM-6:00PM ET (11:00AM-10:00PM GMT)  •  Contact Us
Check out our new FAQ section!
RSS Feed
Data Change: Colombia - GDP - Re-referenced to 2015
Thursday, 30 Aug 2018 16:38 ET
By Jaclyn Zylka
Summary
August 2018 -- For the GDP growth rates for Colombia, the source has advanced the base year from 2000 to 2015 (two quarterly series 2001 to 2017, replaced from 2005).
Detail

On 15 May, the source wrote (citation, pdf):

El trabajo de cambio de año base 2015 se desarrolló durante los últimos cinco años, siguiendo una agenda acordada con la OCDE, y con asistencia técnica del Fondo Monetario Internacional durante todo el proceso.

Hoy 15 de mayo, 45 días después de finalizado el trimestre, es la fecha prevista en la agenda, para la publicación de los resultados del PIB del primer trimestre 2018, calculados a partir del nuevo año base 2015.

A partir de esta primera publicación, se presenta la serie trimestral con año base 2015, desde el año 2005 hasta el primer trimestre de 2018.

That is:

The change of base year 2015 was developed during the last five years, following an agenda agreed with the OECD, and with technical assistance from the Monetary Fund International throughout the process.

Today, May 15, 45 days after the end of the quarter, is the date foreseen in the agenda, for the publication of the GDP results for the first quarter 2018, calculated at from the new base year 2015.

From this first publication, the quarterly series with base year 2015 is presented, from the year 2005 until the first quarter of 2018.

In addition, we have observed that the source has changed its inflation adjustment method from constant prices to chained prices.

In response, we have:

  1. Archived the predecessors (reference year 2000, 2001Q1 to 2017Q4) by renaming with an "_00" specifier, marking metadata as "discontinued", and by segregating in the catalog.
  2. Created one-for-one replacements (reference year 2015, as early as 2005Q2).
  3. Assigned standard mnemonics to the replacements.

Dataset properties:

  • Measurement:
    • Chain-linked volume, year-over-year percent change (Ch. Vol. % Y/Y)
    • Chain-linked volume, quarter-over-quarter percent change (Ch. Vol. % Q/Q)
  • Adjustments:
    • Not seasonally adjusted (NSA)
    • Calendar day and seasonally adjusted (CDASA)
  • Native frequency: Quarterly
  • Start date: as early as 2005Q2 or 2006Q1
  • Subject to revisions? Yes

The series reside in the historical catalog (Colombia » National Accounts » by Expenditure » Quarterly » Growth of GDP) and are:

  • NACY%GDP_00AQ.ICOL = [DISCONTINUED] National accounts: Production approach - GDP, (Vol. % Y/Y, SA)
  • NACQ%GDP_00AQ.ICOL = [DISCONTINUED] GDP, (Vol. % Q/Q, SA)
  • NA%SGDPYUQ.ICOL    = GDP [B.1b], (Ch. Vol. % Y/Y, NSA)
  • NA%SGDPQCQ.ICOL    = GDP [B.1b], (Ch. Vol. % Q/Q, CDASA)

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

References

Other
Related ReleaseGDP - Topline
SourceNational Administrative Department of Statistic (DANE) - Colombia
FrequencyQuarterly
GeographyColombia
Catalog
Upcoming
Release DateReference date
15 May 20241Q 2024