Banco de la República, Colombia

Banco de la República is the central bank of the Republic of Colombia. Its functions are the administration of international reserves, serving as the banker of banks, as well as formulating exchange policy within the framework of the criteria and objectives laid down by the Congress of the Republic aiming at the regulation of foreign trade and the international exchange rate regime.

All datasets: I M U
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    • Monetary and Credit Aggregates, Colombia
      March 2024
      Source: Banco de la República, Colombia
      Uploaded by: Knoema
      Accessed On: 20 March, 2024
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      Data on monetary and credit aggregates are presented in accordance with the financial information from credit institutions. From January 2015, these entities register accounting transactions under International Financial Reporting Standards - IFRS -. Therefore, variations with respect to 2014 data have statistical effects because of changes in methodology.
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    • Unemployment and Employment Rate in Colombia
      April 2024
      Source: Banco de la República, Colombia
      Uploaded by: Knoema
      Accessed On: 15 April, 2024
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      Firms (companies) demand different factors to produce goods or services.  One of those factors is work.  For their part, households offer their work in exchange for a salary that allows them to acquire goods or services in the economy.  Various aspects, both short-term and long-term, do not allow all firms to find the amount of work they are demanding at a specific time, nor do all the people who offer their work capacity be employed. The employment and unemployment rates, calculated by the National Administrative Department of Statistics (DANE) are indicators of the evolution over time of, respectively, the proportion of people who, being of working age, are employed and the proportion of people who, having the intention to work, can be employed.