Production: Manufacturing: Total Manufacturing for Colombia
COLPRMNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.18
Year-over-Year Change
422.59%
Date Range
2/1/1990 - 4/1/2025
Summary
This economic trend measures total manufacturing production in Colombia, a key indicator of the country's industrial output and overall economic health.
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 total manufacturing production index tracks the volume of goods produced by Colombia's manufacturing sector, including factory output of consumer and capital goods. This data provides insight into the strength and growth of the country's industrial base.
Methodology
The index is calculated by the National Administrative Department of Statistics (DANE) based on monthly surveys of manufacturing companies.
Historical Context
This metric is widely used by policymakers, analysts, and investors to assess Colombia's macroeconomic performance and growth prospects.
Key Facts
- Colombia is Latin America's fourth-largest economy.
- Manufacturing accounts for around 12% of Colombia's GDP.
- The sector employs over 1 million workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total volume of manufacturing production in Colombia, including factory output of consumer and capital goods.
Q: Why is this trend relevant for users or analysts?
A: The total manufacturing production index provides key insights into the strength and growth of Colombia's industrial base, a critical driver of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The index is calculated monthly by Colombia's National Administrative Department of Statistics (DANE) based on surveys of manufacturing companies.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this metric to assess Colombia's macroeconomic conditions and growth prospects, informing decisions on fiscal, monetary, and industrial policies.
Q: Are there update delays or limitations?
A: The manufacturing production data is published with a 1-2 month lag, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Colombia (COLPRMNTO01GPSAM), retrieved from FRED.