Gross Domestic Product Per Capita for Colombia
PCAGDPCOA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,913.99
Year-over-Year Change
-2.40%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per Capita for Colombia measures the total economic output of the country divided by its population. This metric is a key indicator of a nation's standard of living 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
GDP per capita is a commonly used statistic to compare the relative economic performance of different countries. It provides insight into the productivity and income levels of a population, which is relevant for policymakers, investors, and economic analysts.
Methodology
The data is calculated by the World Bank by dividing Colombia's GDP by its total population.
Historical Context
GDP per capita is an important indicator for assessing the overall health of the Colombian economy and making international comparisons.
Key Facts
- Colombia's GDP per capita was $6,653 in 2021.
- GDP per capita has grown by over 50% in Colombia since 2000.
- Colombia ranks 80th globally in terms of GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per Capita for Colombia measures the total economic output of the country divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a nation's standard of living and economic development, providing insight into the productivity and income levels of the population.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank by dividing Colombia's GDP by its total population.
Q: How is this trend used in economic policy?
A: GDP per capita is an important indicator for assessing the overall health of the Colombian economy and making international comparisons, which is relevant for policymakers, investors, and economic analysts.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Colombia (PCAGDPCOA646NWDB), retrieved from FRED.