Constant GDP per capita for Colombia
NYGDPPCAPKDCOL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,873.42
Year-over-Year Change
21.10%
Date Range
1/1/1960 - 1/1/2024
Summary
Constant GDP per capita for Colombia measures the inflation-adjusted value of the country's economic output per person. It serves as a key indicator of living standards and economic development.
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
Constant GDP per capita provides a comprehensive measure of a country's economic performance and standard of living. It is widely used by economists, policymakers, and analysts to assess Colombia's economic progress and compare it to other nations.
Methodology
The data is calculated by the World Bank using Colombia's total GDP adjusted for inflation and divided by the population.
Historical Context
Trends in constant GDP per capita are closely monitored to inform macroeconomic policy decisions and track a country's economic competitiveness.
Key Facts
- Colombia's constant GDP per capita was $6,653 in 2021.
- GDP per capita has grown by an average of 2.4% annually over the past decade.
- Colombia's GDP per capita ranks 6th among South American countries.
FAQs
Q: What does this economic trend measure?
A: Constant GDP per capita for Colombia measures the total economic output of the country divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key measure of living standards and economic development, providing insight into Colombia's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Colombia's GDP figures adjusted for inflation and divided by the total population.
Q: How is this trend used in economic policy?
A: Trends in constant GDP per capita are closely monitored by policymakers and analysts to inform macroeconomic decisions and track Colombia's economic progress.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Colombia (NYGDPPCAPKDCOL), retrieved from FRED.