World Uncertainty Index for Colombia
WUICOL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.82
Year-over-Year Change
-16.67%
Date Range
7/1/1953 - 4/1/2025
Summary
The World Uncertainty Index for Colombia measures economic policy uncertainty in the country. It is a key indicator for understanding the business environment and investment climate.
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 World Uncertainty Index (WUI) tracks policy-related economic uncertainty based on textual analysis of Economist Intelligence Unit country reports. The Colombia-specific index provides a quantitative measure of uncertainty that is widely used by economists and policymakers.
Methodology
The WUI is calculated by counting the frequency of the word 'uncertainty' in EIU country reports for Colombia.
Historical Context
The WUI helps inform policy decisions and provides context for Colombia's economic performance and investment climate.
Key Facts
- The WUI for Colombia reached a record high in 2020 due to the COVID-19 pandemic.
- Elevated uncertainty levels can constrain business investment and consumer spending.
- Colombia's WUI tends to rise during periods of political and economic volatility.
FAQs
Q: What does the World Uncertainty Index for Colombia measure?
A: The World Uncertainty Index for Colombia measures the level of economic policy uncertainty in the country based on textual analysis of Economist Intelligence Unit reports.
Q: Why is the World Uncertainty Index for Colombia relevant for users and analysts?
A: The WUI provides a quantitative gauge of uncertainty that is useful for understanding the business environment, informing policy decisions, and assessing Colombia's economic performance and investment climate.
Q: How is the World Uncertainty Index for Colombia data collected and calculated?
A: The WUI is calculated by counting the frequency of the word 'uncertainty' in Economist Intelligence Unit country reports for Colombia.
Q: How is the World Uncertainty Index for Colombia used in economic policy?
A: The WUI helps inform policy decisions and provides context for evaluating Colombia's economic conditions and investment climate.
Q: Are there any delays or limitations in the World Uncertainty Index for Colombia data?
A: The WUI data is published with a lag, so there may be delays in reflecting the most recent changes in economic policy uncertainty in Colombia.
Related Trends
Citation
U.S. Federal Reserve, World Uncertainty Index for Colombia (WUICOL), retrieved from FRED.