Report for Selected Countries and Subjects: April 2020
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Gross domestic product per capita, constant prices
Purchasing power parity; percent change
1.400
2.215
-3.353
2.718
Colombia
Unemployment rate
Percent of total labor force
9.700
10.500
12.200
11.916
Colombia
General government net lending/borrowing
Percent of GDP
-4.676
-2.159
-2.460
-1.264
Colombia
Current account balance
Percent of GDP
-3.912
-4.263
-4.672
-4.162
Country
Subject Descriptor
Units
Scale
Country/Series-specific Notes
2018
2019
2020
2021
Estimates Start After
Colombia
Gross domestic product, constant prices
Percent change
Source: National Statistics Office
Latest actual data: 2019
National accounts manual used: System of National Accounts (SNA) 1993. Fifth Manual
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2015. DANE (Colombia Institute of Statistics) has done a rebasing of the national accounts (now base year is 2015 and before 2005). Data with the new base is ONLY AVAILABLE FROM 2005. The change also includes methodological changes (for example, direct estimation of private consumption based on a survey) and most important, change in the index formulae (historically a Laspeyres fixed-base index and now a Laspeyres chain index). The main implications are that the 2005 and 2015 series are not comparable and the chain index is associated with non-additivity of the components.
Chain-weighted: Yes, from 2005
2.515
3.322
-2.386
3.745
2019
Colombia
Gross domestic product per capita, constant prices
Purchasing power parity; percent change
Source: National Statistics Office
Latest actual data: 2019
National accounts manual used: System of National Accounts (SNA) 1993. Fifth Manual
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2015. DANE (Colombia Institute of Statistics) has done a rebasing of the national accounts (now base year is 2015 and before 2005). Data with the new base is ONLY AVAILABLE FROM 2005. The change also includes methodological changes (for example, direct estimation of private consumption based on a survey) and most important, change in the index formulae (historically a Laspeyres fixed-base index and now a Laspeyres chain index). The main implications are that the 2005 and 2015 series are not comparable and the chain index is associated with non-additivity of the components.
Chain-weighted: Yes, from 2005
1.400
2.215
-3.353
2.718
2019
Colombia
Unemployment rate
Percent of total labor force
Source: National Statistics Office
Latest actual data: 2019
Primary domestic currency: Colombian peso
Data last updated: 04/2020
9.700
10.500
12.200
11.916
2019
Colombia
General government net lending/borrowing
Percent of GDP
Source: Ministry of Finance or Treasury
Latest actual data: 2018
Notes: Headline balance includes Central Bank utilities distributed to the Central Government. Structural balance based on staff estimates; adjusts for the cyclical variation of GDP, oil prices and oil production levels.
Fiscal assumptions: Projections are based on the authorities’ policies and projections reflected in the Medium-Term Fiscal Framework 2019, adjusted to reflect IMF staff’s macroeconomic assumptions.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001. Transitioning toward 2001 manual
Basis of recording: Revenue (cash); Expenditure (cash modified)
General government includes: Central Government; State Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Face value
-4.676
-2.159
-2.460
-1.264
2018
Colombia
Current account balance
Percent of GDP
Source: Central Bank. And National Statistical Office
Latest actual data: 2019
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
-3.912
-4.263
-4.672
-4.162
2019
International Monetary Fund, World Economic Outlook Database April 2020