04, Aug 2020, EDT.

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Country or Region: Colombia › Change country
Economic Indicator: Gross National Savings (% of GDP) › See all Colombia indicators, › See Gross National Savings (% of GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Colombian Peso
Currency Symbol: COP

Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment. Source: National Statistics Office Latest actual data: 2014 National accounts manual used: Fifth Manual GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2005. DANE (Colombia Institute of Statistics) has done a rebasing of the national accounts (now base year is 2005 and before 2000). Data with the new base is ONLY AVAILABLE FROM 2000. The change also includes methodological changes (for example, direct estimation of private consumption based on a survey) and most important, change in the index formulae (historically a Laspeyres fixed-base index and now a Laspeyres chain index). The main implications are that the 2000 and 2005 series are not comparable and the chain index is associated with non-additivity of the components. Chain-weighted: Yes, fr

Gross National Savings (% of GDP) for Colombia in year 2015 is 17.975 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

This makes Colombia No. 89 in world rankings according to Gross National Savings (% of GDP) in year 2015. The world's average Gross National Savings (% of GDP) value is 17.53 %; Colombia is 0.45 more than the average.

In the previous year, 2014, Gross National Savings (% of GDP) for Colombia was 20.77 % Gross National Savings (% of GDP) for Colombia in 2015 was or will be 13.47% less than it was or will be in 2014.

In the following or forecasted year, 2016, Gross National Savings (% of GDP) for Colombia was or will be 17.35 %, which is 3.48% less than the 2015 figure.