HOFINET | Housing Finance Information Network

Macro-economic Data

PDF featuring variable definitions

A. Demography and Macroeconomy

Variable	End of 2017	End of 2016	End of 2015	Sources	Var ID
Total population	49.07 million	48.65 million	48.2 million	WDI	A.1.1
Total number of households	14.15 million	13.87 million	14.18 million	DANE	A.1.2
Average household size	Not available	3.5	3.4	DANE	A.1.3
Urban population (% of total)	76.98% of total	76.71% of total	76.44% of total	WDI	A.1.4
Urban population growth (annual %)	1.2%	1.23%	1.34%	WDI	A.1.5

Variable	End of 2017	End of 2016	End of 2015	Sources	Var ID
GDP, current prices (U.S. dollars)	309,197 USD (millions)	279,987 USD (millions)	291,530 USD (millions)	WEO	A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)	714,004 USD (millions)	689,198 USD (millions)	666,890 USD (millions)	WEO	A.2.2
GDP per capita, current prices (U.S. dollars)	6,272.82 USD	5,743.55 USD	6,047.97 USD	WEO	A.2.3
GDP based on PPP per capita GDP (Current international dollar)	14,485.3 USD	14,137.97 USD	13,835.04 USD	WEO	A.2.4
GDP, constant prices (Percent change)	1.77%	2.04%	3.05%	WEO	A.2.5
Inflation, end of period consumer prices (Percent change)	4.13%	5.81%	6.86%	WEO	A.2.6
GDP, deflator (Index)		159.26	150.46	WEO	A.2.7
Consumer price index		126.43	117.59	WDI	A.2.8
GINI Index			53.50	WDI	A.2.9
Median national annual household income			6,384 USD	DANE	A.2.10
Median urban annual household income			USD/year		A.2.11
Urban minimum wages per month in USD		217 USD	234.61 USD	Country Editor	A.2.12
Growth in urban household income (%/year)					A.2.13
Nominal			2.83%	Author's Research	A.2.13.1
Real			.8%	Author's Research	A.2.13.2
Employment (% of total laborforce)					A.2.14
Self-employed		61.8%	62.4%	ILO	A.2.14.1
Informally employed		55.3%	60.2%	Country Editor	A.2.14.2
Unemployed		9.9%	9%	ILO	A.2.14.3
Interest Rates:					A.2.15
Central bank lending/discount rate		9.5%	7.75%	ILO	A.2.15.1
Yield on 3 months treasury bills			5.08%	Banco de la República	A.2.15.2
Yield on 10-year Government bond		7.99%	7.83%	IFS	A.2.15.3
Average bank deposit rate		6.78%	4.58%	IFS	A.2.15.4
Lending rate		14.65%	11.45%	IFS	A.2.15.5

Variable	End of 2016	End of 2015	Sources	Var ID
Number of dwelling units:				B.1.1
Total	13.87 million	13.58 million	DANE	B.1.1.1
Total Urban	11.02 million	10.77 million	DANE	B.1.1.2
Percentage of vacant units	6.17% of total	6.18% of total	DANE	B.1.2
Characteristics of housing stock:				B.1.3
Average dwelling unit size-existing		106.62 sq.mt	DANE	B.1.3.1
% of substandard dwelling units		10.6% of total	DANE	B.1.3.2
Tenure in urban areas (%):				B.1.4
Owner-occupied units	36.8% of total	34% of total	DANE	B.1.4.1
% of owner units with a mortgage	4.2% of total	5.4% of total	DANE	B.1.4.2
Private rental units	43.1% of total	45.2% of total	DANE	B.1.4.3
Other forms of tenure	15.9% of total	15.4% of total	DANE	B.1.4.5
% of urban units with state recognized lienable title	97.6% of total	97.2% of total	DANE	B.1.4.6
Estimated Number of units completed/year				B.1.5
Formal sector/registered	170,341 units	208,459 units	DANE	B.1.5.1
Informal sector/non-registered		125,986 units	DANE	B.1.5.2
Number of recorded urban housing transactions/year		540645.93	Supernotaria	B.1.6
How complete is this measure for formal sector transactions?	Fairly Complete	Fairly Complete	Supernotariado	B.1.7

Variable	End of 2016	End of 2015	Sources	Var ID
Median urban house price in USD:				B.2.1
New housing	61,347.94 USD	63,904.47 USD	Galeria inmobiliaria	B.2.1.1
Median house price to median annual HH income:				B.2.2
Urban	3.01	2.98	DANE	B.2.2.1
Capital city	1.9	2.20	DANE	B.2.2.2
Annual average % change in median house prices:				B.2.3
Yearly Rate	7.8%	7.1%	Country Editor	B.2.3.1
1997-2007 average rate		.88%	Camacol	B.2.3.2
M2 construction cost for median quality house				B.2.4