Colombia Investment (gross fixed)

Definition: This entry records total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of the depreciation of the assets, i.e., it includes invesment that merely replaces worn-out or scrapped capital.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of December 6, 2013

Related Data From the International Monetary Fund

Variable: Investment

Note: Expressed as a ratio of total investment in current local currency and GDP in current local currency. Investment or gross capital formation is measured by the total value of the gross fixed capital formation and changes in inventories and acquisitions less disposals of valuables for a unit or sector. [SNA 1993]

Units: Percent of GDP

Country-specific Note: Source: National Statistical Office Latest actual data: 2009 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, from 2000 Primary domestic currency: Colombian pesos Data last updated: 08/2011

Source: International Monetary Fund - 2011 World Economic Outlook