GROSS DOMESTIC PRODUCTS

Every day at every time we hear many economic terms but terms like Gross Domestic Product are exposed every time in many communication channel, but what s Gross Domestic Product and why is so important? Well, it may be defined like the value of services and goods produced by a nation in one year. The GDP is measured adding up incomes and outcomes (World Bank, N/A).

Now, let's talk about Colombia's Gross Domestic Product past years and what expect from this year in terms of employment, unemployment, GDP and GDP per inhabitant. The next chart will expose about the GDP of the nation and per habitant:

Source: DANE - Dirección de Síntesis y Cuentas Nacionales y Banco de la República, Estudios Económicos - Cuentas Financieras.

In the previous information, can infer the growth of Colombia in economic terms but some of those ciphers are provisional, the reason is because the National Administrative Department of Statistics still continues with various studies about all the remaining information, in terms of employment and unemployment this month has a percentile of 52,82% for employment and a percentile of unemployment is 8,88%, in past months and years the nation has had more favorable ciphers, in the next chart are the ciphers of past months:

tasas-empleo-desempleo

In conclusion, these data might help our company to solve the problem of unemployment in the country, that is lowest than another year, and our company may contribute to generate employment for the population, this contribution could make our company a great generator of growth to Colombia.

Source: DANE - Dirección de Síntesis y Cuentas Nacionales y Banco de la República, Estudios Económicos - Cuentas Financieras. Obtained by http://www.banrep.gov.co/es/pib

World Bank. (N/A). World Bank Glossary. Obtenido de http://www.worldbank.org/depweb/beyond/beyondsp/glossary.html#73

ECONOMIC VARIABLES