Output-side Real GDP at Current Purchasing Power Parities for Colombia
CGDPOSCOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
706,174.31
Year-over-Year Change
62.29%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Colombia, adjusted for purchasing power parity (PPP). It provides a standardized measure of Colombia's economic output and productivity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The output-side real GDP at current PPPs for Colombia is a key indicator of the country's economic performance. It enables cross-country comparisons of GDP by adjusting for differences in price levels, providing a more accurate picture of relative living standards and productivity.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze Colombia's economic growth and development.
Key Facts
- Colombia's GDP in 2021 was $704 billion.
- GDP per capita in Colombia was $13,934 in 2021.
- Colombia's economy grew by 5.4% in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Colombia, adjusted for purchasing power parity (PPP). It provides a standardized measure of the country's economic output and productivity.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for comparing Colombia's economic performance and living standards to other countries, as the PPP adjustment accounts for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this trend to analyze Colombia's economic growth, development, and competitiveness compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Colombia (CGDPOSCOA666NRUG), retrieved from FRED.