National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Colombia
COLNAEXKP06GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.73
Year-over-Year Change
-95.47%
Date Range
1/1/2006 - 1/1/2025
Summary
This economic trend measures the constant-price value of exports of goods and services for Colombia. It is a key indicator of the country's international trade and economic performance.
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 National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Colombia series represents the volume of exported goods and services produced within the country, adjusted for inflation. It is a crucial component of Colombia's gross domestic product and provides insight into the nation's trade dynamics and competitiveness.
Methodology
The data is collected and calculated by Colombia's national statistical agency using standard national accounting procedures.
Historical Context
Policymakers and analysts use this trend to assess Colombia's export-driven economic growth and external sector performance.
Key Facts
- Colombia's exports of goods and services account for over 15% of its GDP.
- Exports have grown at an average annual rate of 4.2% over the past decade.
- The manufacturing sector comprises the largest share of Colombia's exported goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the constant-price value of exports of goods and services produced within Colombia, providing insight into the country's international trade and economic performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of Colombia's export-driven economic growth and external sector performance, making it relevant for policymakers, economists, and investors analyzing the country's macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Colombia's national statistical agency using standard national accounting procedures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Colombia's trade dynamics and competitiveness, which informs policy decisions related to international trade, exchange rates, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of Colombia's national accounts, which may result in slight delays or changes to the historical series.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Colombia (COLNAEXKP06GYSAQ), retrieved from FRED.