Smoothed World Uncertainty Index for Colombia
WUIMACOL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
-23.16%
Date Range
1/1/1954 - 4/1/2025
Summary
The Smoothed World Uncertainty Index (WUI) for Colombia measures global economic policy uncertainty and its impact on the Colombian economy. This index is a key indicator for economists and policymakers to assess the country's exposure to global risks.
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 Smoothed WUI for Colombia tracks fluctuations in worldwide economic policy uncertainty and how it affects the Colombian economy. The index is based on newspaper coverage of country-specific economic policy uncertainty and is used to analyze the transmission of global uncertainty shocks to domestic markets.
Methodology
The data is calculated based on an algorithm that analyzes the frequency of uncertainty-related words in news articles covering the Colombian economy.
Historical Context
The WUI helps policymakers and analysts understand how external uncertainty can impact domestic economic conditions and inform policy responses.
Key Facts
- The WUI for Colombia has averaged 174.5 since 2010.
- High WUI values indicate heightened global policy uncertainty.
- The index spiked during the 2008 financial crisis and COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Smoothed World Uncertainty Index (WUI) for Colombia measures the degree of economic policy uncertainty originating from global sources and its impact on the Colombian economy.
Q: Why is this trend relevant for users or analysts?
A: The WUI for Colombia is a key indicator for economists and policymakers to assess the country's exposure to global economic and policy risks, which can significantly influence domestic conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on an algorithm that analyzes the frequency of uncertainty-related words in news articles covering the Colombian economy.
Q: How is this trend used in economic policy?
A: The WUI helps policymakers and analysts understand how external uncertainty can impact domestic economic conditions and inform appropriate policy responses.
Q: Are there update delays or limitations?
A: The WUI for Colombia is updated regularly, but there may be some delays in publishing the latest data due to the time required for news article analysis.
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Citation
U.S. Federal Reserve, Smoothed World Uncertainty Index for Colombia (WUIMACOL), retrieved from FRED.