Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Colombia
COLMANMM101STSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171,894,493,555,827.00
Year-over-Year Change
-4.46%
Date Range
1/1/1982 - 11/1/2023
Summary
This economic trend measures the narrow money supply in Colombia, which includes cash in circulation and checkable deposits. It is a key indicator of the country's monetary conditions and economic activity.
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
M1 is a fundamental measure of the money supply, tracking the most liquid forms of money that can be readily used for transactions. Analyzing changes in M1 provides insights into consumer and business spending patterns, inflation, and the effectiveness of monetary policy.
Methodology
The data is collected and compiled by the Central Bank of Colombia.
Historical Context
M1 is closely monitored by policymakers, central banks, and financial analysts to assess the state of the Colombian economy.
Key Facts
- M1 includes cash, checking deposits, and traveler's checks.
- Colombia's M1 money supply averaged $93.4 billion in 2022.
- The M1 money supply is a leading indicator of economic growth and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the narrow money supply in Colombia, which includes cash in circulation and checkable deposits. It is a key indicator of the country's monetary conditions and economic activity.
Q: Why is this trend relevant for users or analysts?
A: M1 is a fundamental measure of the money supply, providing insights into consumer and business spending patterns, inflation, and the effectiveness of monetary policy. It is closely monitored by policymakers, central banks, and financial analysts to assess the state of the Colombian economy.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Central Bank of Colombia.
Q: How is this trend used in economic policy?
A: M1 is a key indicator used by policymakers, central banks, and financial analysts to assess the state of the Colombian economy and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the Central Bank of Colombia.
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Citation
U.S. Federal Reserve, Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Colombia (COLMANMM101STSAM), retrieved from FRED.