Production: Manufacturing: Total Manufacturing for Colombia
COLPRMNTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.22
Year-over-Year Change
-144.13%
Date Range
1/1/1991 - 4/1/2025
Summary
The 'Production: Manufacturing: Total Manufacturing for Colombia' trend measures the overall output of the manufacturing sector in Colombia. This metric is crucial for economists and policymakers to assess the health and competitiveness of Colombia's industrial base.
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
This series represents the seasonally adjusted index of total manufacturing production in Colombia. It is a key indicator of the broader state of the Colombian economy, as manufacturing plays a significant role in the country's GDP and employment.
Methodology
The data is collected and calculated by Colombia's National Administrative Department of Statistics (DANE).
Historical Context
Policymakers and analysts use this metric to gauge the effectiveness of economic and industrial policies in Colombia.
Key Facts
- Colombia is the fourth-largest economy in Latin America.
- Manufacturing accounts for around 12% of Colombia's GDP.
- The manufacturing sector employs over 1.2 million Colombians.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall output of the manufacturing sector in Colombia, providing a gauge of industrial activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the health and competitiveness of Colombia's industrial base, which is a key driver of the country's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Colombia's National Administrative Department of Statistics (DANE).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the effectiveness of economic and industrial policies in Colombia.
Q: Are there update delays or limitations?
A: The data is published monthly by DANE, with a typical release lag of around 45 days.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Colombia (COLPRMNTO01GYSAM), retrieved from FRED.