Colombia - Current Account Balance

Colombia: Current Account Balance

Mnemonic TAB.ICOL
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 77.78 %
Data 2020 Q4 -3,114
2020 Q3 -1,751

Series Information

Source Bank of the Republic of Colombia
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/1996
End Date 12/31/2020

Colombia: Trade

Reference Last Previous Units Frequency
Net Exports Feb 2021 959.57 1,212 Mil. USD FOB/CIF Monthly
Balance of Goods 2020 Q4 -3,966 -3,072 Mil. USD, NSA Quarterly
Current Account Balance 2020 Q4 -3,114 -1,751 Mil. USD, NSA Quarterly
Exports of Goods 2020 Q4 10,128 9,144 Mil. USD, NSA Quarterly
Exports of Goods and Services 2020 Q4 33,196 33,471 Bil. COP, CDASA Quarterly
Imports of Goods 2020 Q4 14,094 12,216 Mil. USD, NSA Quarterly
Imports of Goods and Services 2020 Q4 50,572 48,135 Bil. COP, CDASA Quarterly
Real Exports of Goods and Services 2020 Q4 25,832 26,218 Bil. 2015 COP, CDASA Quarterly
Real Imports of Goods and Services 2020 Q4 41,557 38,971 Bil. 2015 COP, CDASA Quarterly

Release Information

According to the International Monetary Fund website, the Balance of Payments data is disseminated for the following:

Exports and imports of goods and services
International trade in goods
Exports and imports of services
Receipts and payments for services
Net income receipts
Net current transfers
Direct investment and portfolio investment (foreign investment in Colombia and Colombian investment abroad)
Commercial credit
Other capital and financial transactions (short-term and long-term)
Changes in international reserves

The conceptual and methodological criteria under which the compilation of statistics on the balance of payments is done according to the Colombia Manual balance of payments and international investment position IMF International Monetary Fund, IMF, and Sixth Edition (BPM6).

The compilation of balance of payments (BOP) in Colombia is made by the Banco de la República (BR) based on a wide range of sources of information which is accessed through regulations issued directly by the Bank or by establishing agreements agency. The structure of information sources is composed of:

  • administrative records
  • reports obtained through the system ITRS (SINTI), which in the case of Colombia, not only covers made through the local financial system but also made through deposit accounts in foreign banks registered with the BR
  • accounting reports both financial companies and non-financial
  • access to specialized international data bases
  • Estimates that follow the parameters BPM6 established methodology, in cases where no direct information is counted.

Building statistics BP takes into account its consistency with other macroeconomic statistics as Rest of World Account System of National Accounts SNA statistics of foreign trade in goods and monetary and financial statistics.

The data is preliminary when released. The data is set as "final" 12 months after the reference date. The Bank of the Republic of Colombia reserves the right to change "finalized" data.