Sales: Retail Trade: Total Retail Trade: Volume for Colombia
COLSLRTTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.41
Year-over-Year Change
-717.32%
Date Range
1/1/2014 - 4/1/2025
Summary
This economic indicator measures the total volume of retail trade in Colombia, providing insights into consumer spending 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
The Retail Trade: Total Retail Trade: Volume for Colombia series tracks the overall volume of retail sales across various sectors in the Colombian economy. It is a key indicator of consumer demand and can be used to assess the health of the broader economy.
Methodology
The data is collected through surveys of retail businesses and calculated as an index based on the total volume of sales.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to gauge consumer confidence and guide economic policy decisions.
Key Facts
- Colombia's retail trade volume index has increased by 20% over the past 5 years.
- The retail sector accounts for over 10% of Colombia's GDP.
- Fluctuations in the retail trade volume can signal changes in consumer confidence and spending patterns.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total volume of retail trade in Colombia, including sales across various retail sectors such as consumer goods, automobiles, and e-commerce.
Q: Why is this trend relevant for users or analysts?
A: The retail trade volume is a key indicator of consumer spending and economic activity, providing insights into the health of the Colombian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses in Colombia and calculated as an index based on the total volume of sales.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the retail trade volume to gauge consumer confidence, inform economic forecasts, and guide policy decisions related to interest rates, taxation, and stimulus measures.
Q: Are there update delays or limitations?
A: The retail trade volume data is typically released on a monthly basis, with a short lag time. However, there may be occasional delays or revisions due to the complexity of data collection across the retail sector.
Related Trends
Number of Identified Exporters to Colombia from Vermont
VTCOLA475SCEN
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for Colombia
COLLFEM25MASTM
Number of Listed Companies for Colombia
DDOM01COA644NWDB
Gross Domestic Product for Colombia
MKTGDPCOA646NWDB
Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprisesat Other Deposit Takers for Colombia
COLFCSODDSXDC
Number of Identified Exporters to Colombia from Idaho
IDCOLA475SCEN
Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Colombia (COLSLRTTO01GYSAM), retrieved from FRED.