Production: Manufacturing: Total Manufacturing for Colombia
COLPRMNTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
-91.45%
Date Range
1/1/1991 - 1/1/2025
Summary
The 'Production: Manufacturing: Total Manufacturing for Colombia' trend measures the overall output of the manufacturing sector in Colombia. It is a key indicator of the health and performance of the Colombian economy.
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 indicator tracks the volume of manufacturing production in Colombia, including durable and non-durable goods. It is used by economists and policymakers to assess the strength of Colombia's industrial base and identify trends in economic growth.
Methodology
The data is compiled by Colombia's national statistics agency from surveys of manufacturing facilities.
Historical Context
Manufacturing production is a crucial component of Colombia's economic activity and a focus of the country's development strategies.
Key Facts
- Colombia is the fourth-largest economy in Latin America.
- Manufacturing accounts for over 12% of Colombia's GDP.
- The manufacturing sector employs over 1.4 million Colombians.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Manufacturing: Total Manufacturing for Colombia' trend measures the overall output of the manufacturing sector in Colombia, including production of durable and non-durable goods.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key metric for assessing the strength and performance of Colombia's industrial base, which is a crucial component of the country's economic growth and development.
Q: How is this data collected or calculated?
A: The data is compiled by Colombia's national statistics agency from surveys of manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: Manufacturing production is a focus of Colombia's economic development strategies, so this trend is closely monitored by policymakers and analysts to gauge the health of the industrial sector and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of 1-2 months between the reference period and the release of the statistics.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Colombia (COLPRMNTO01GYSAQ), retrieved from FRED.