Correlation between Sectoral GDP and the Values of Road Freight Transportation in Colombia
Abstract
:1. Introduction
Literature Review
2. Methods
- GDP data start one year earlier: GDP series (2019 to 2023) and freight series (2020 to 2024).
- GDP data start two years earlier: GDP series (2017 to 2021) and freight series (2019 to 2023).
- Freight data start one year earlier: Freight series (2019 to 2023) and GDP series (2020 to 2024).
- Freight data start two years earlier: Freight series (2019 to 2023) and GDP series (2021 to 2025).
predict (object = linearized data series, newdata = data_group, interval = “confidence”, level = 0.95)
2.1. Analysis of the Normality of Variables to Establish Whether to Use a Parametric or Non-Parametric Correlation Method
adf.test(data_series, alternative = “stationary”), and
shapiro.test(data_series)
2.2. Analysis of the Correlation between Variables by Non-Parametric Method (Spearman)
Chart.correlation (data_group, method = “spearman”).
2.3. Analysis of the Correlation between Variables by the Principal Components Method (PCA)
data.frame_name<- prcomp(data_group, scale = TRUE)
fviz_pca_var(data.frame_name, repel = TRUE)
2.4. Analysis of Causality between Variables Using the Granger Test
grangertest(independent variable data~dependent variable data,order = 1,data = data base)
The causality between the variables was checked if the p-value (Pr(>F)) was less than 0.05.
2.5. Analysis of the Validation of a Multivariate Model
Linear modelling name<- lm(dependent variable~independent variable 1 + independent variable 2 + … independent variable n, data = data_file)
> summary(Linear modelling name)
3. Results
3.1. Descriptive Statistical Analysis of Freight Transportation Variables
3.2. Correlation Analysis in the Same Year
3.3. Analysis of the Correlation between GDP and Transported Cargo, One Year Later
3.4. Analysis of the Correlation between GDP and Transported Cargo, Two Years Later
3.5. Relationship Analysis between Variables Using the Principal Component Analysis Method (PCA)
3.6. Granger Causality Test
3.7. Significance of Each of the Economic Sectors in Correlation with Economic Development
4. Discussion
4.1. The Different Behavior of the Construction Sector
4.2. Historical Trend Change Due to the COVID-19 Pandemic
5. Conclusions
Author Contributions
Funding
Informed Consent Statement
Data Availability Statement
Acknowledgments
Conflicts of Interest
Abbreviations
Agro. | Agrobusiness |
CAF | Development Bank of Latin America and the Caribbean |
Comm. | Commerce |
Const. | Construction |
COP | Colombian pesos |
COVID | coronavirus disease |
DANE | National Administrative Department of Statistics |
ECLAC | Economic Commission for Latin America and the Caribbean |
Finan. & Insur. | Financial_insurance |
GDP | gross domestic product |
GDPPC | GDP per capita |
GVA | gross value added |
IADB | Inter-American Development Bank |
Info & Comm. | Info_communications |
Manuf. | Manufacture |
PCA | Principal Component Analysis |
Prof. Ativ. | Professional_activities |
Public Adm. | Public_administraton_Education_Social_health_services |
UK | United Kingdom |
U.S.A. | United States of America |
TEU | Twenty Equivalent Unit |
TRNINF | Transportation Infrastructure Index |
Appendix A
Quaterly Period | Agrobusiness | Mining | Manufacture | Home Public Services Supply | Construction | Comerce | Information and Communications | Financial and Insurance | Real State | Professional Activities | Public Administraton, Education, Social Health Services | Global_GDP |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2017_I | 14.784 | 11.674 | 26.464 | 7.159 | 15.847 | 39.781 | 6.551 | 9.117 | 19.736 | 15.428 | 32.745 | 225.178 |
2017_II | 14.363 | 11.257 | 25.931 | 7.293 | 16.390 | 40.560 | 6.690 | 9.697 | 20.044 | 15.612 | 33.495 | 227.859 |
2017_III | 14.780 | 11.697 | 26.168 | 7.557 | 16.139 | 41.326 | 6.649 | 9.880 | 20.411 | 15.800 | 34.111 | 232.030 |
2017_IV | 14.887 | 12.910 | 26.458 | 7.780 | 16.098 | 41.385 | 6.931 | 10.366 | 20.785 | 16.058 | 34.884 | 235.404 |
2018_I | 15.048 | 14.058 | 27.048 | 7.835 | 15.995 | 42.710 | 6.872 | 10.168 | 21.100 | 16.451 | 35.728 | 240.549 |
2018_II | 15.415 | 14.443 | 27.279 | 8.126 | 15.611 | 43.182 | 7.034 | 10.698 | 21.466 | 16.832 | 36.356 | 245.009 |
2018_III | 15.432 | 14.896 | 27.640 | 8.282 | 16.992 | 43.545 | 7.199 | 10.704 | 21.947 | 17.031 | 37.255 | 250.176 |
2018_IV | 15.602 | 14.391 | 28.191 | 8.373 | 16.512 | 44.271 | 7.243 | 11.057 | 22.312 | 17.283 | 37.877 | 252.057 |
2019_I | 15.624 | 14.434 | 27.980 | 8.730 | 16.358 | 45.539 | 7.174 | 11.311 | 22.690 | 17.665 | 38.900 | 256.822 |
2019_II | 16.773 | 14.945 | 28.768 | 8.856 | 16.391 | 46.668 | 7.381 | 11.686 | 22.997 | 18.169 | 39.334 | 263.438 |
2019_III | 17.747 | 14.192 | 29.260 | 9.093 | 16.160 | 47.715 | 7.321 | 12.047 | 23.266 | 18.273 | 40.728 | 268.314 |
2019_IV | 17.814 | 14.747 | 29.823 | 9.445 | 16.368 | 48.344 | 7.505 | 11.940 | 23.435 | 18.351 | 40.800 | 271.494 |
2020_I | 18.155 | 13.152 | 28.388 | 9.655 | 13.360 | 48.923 | 7.470 | 11.859 | 23.686 | 18.425 | 40.985 | 267.840 |
2020_II | 18.144 | 7.867 | 21.450 | 9.192 | 9.309 | 32.238 | 6.898 | 11.818 | 23.510 | 16.048 | 38.841 | 218.762 |
2020_III | 18.768 | 10.626 | 27.699 | 9.695 | 11.582 | 39.171 | 7.190 | 12.427 | 23.795 | 16.978 | 41.015 | 245.173 |
2020_IV | 19.426 | 11.202 | 30.202 | 10.094 | 12.493 | 47.448 | 7.403 | 12.705 | 24.052 | 17.941 | 42.642 | 265.966 |
2021_I | 20.241 | 13.818 | 31.821 | 10.390 | 12.764 | 50.899 | 7.709 | 12.790 | 24.409 | 18.873 | 43.859 | 280.596 |
2021_II | 21.865 | 15.091 | 29.855 | 10.799 | 12.448 | 48.690 | 7.829 | 12.824 | 24.607 | 19.088 | 43.395 | 281.605 |
2021_III | 22.911 | 17.445 | 34.774 | 11.302 | 12.458 | 54.985 | 8.154 | 13.263 | 24.894 | 19.966 | 46.356 | 304.916 |
2021_IV | 26.042 | 20.628 | 36.789 | 11.754 | 14.311 | 60.787 | 8.454 | 13.776 | 25.227 | 20.853 | 46.959 | 325.468 |
2022_I | 28.783 | 23.740 | 39.599 | 12.487 | 14.599 | 62.858 | 8.809 | 12.970 | 25.565 | 21.797 | 47.762 | 344.676 |
2022_II | 30.104 | 28.687 | 41.865 | 13.182 | 14.853 | 65.093 | 9.009 | 14.880 | 25.870 | 22.779 | 48.998 | 363.415 |
2022_III | 30.725 | 30.223 | 43.258 | 13.806 | 15.549 | 67.410 | 9.129 | 14.645 | 26.315 | 23.244 | 49.831 | 377.709 |
2022_IV | 31.846 | 27.824 | 43.747 | 14.342 | 15.302 | 69.297 | 9.172 | 14.630 | 26.685 | 23.412 | 49.268 | 376.722 |
2023_I | 33.806 | 26.621 | 45.274 | 14.925 | 15.581 | 71.907 | 9.325 | 15.135 | 27.256 | 24.155 | 53.396 | 392.277 |
2023_II | 33.000 | 22.675 | 43.565 | 15.858 | 16.074 | 71.604 | 9.465 | 15.251 | 27.872 | 24.663 | 55.677 | 388.904 |
2023_III | 29.669 | 23.082 | 39.889 | 13.923 | 14.087 | 65.260 | 9.105 | 15.143 | 27.713 | 22.952 | 52.364 | 360.685 |
2023_IV | 30.276 | 23.524 | 40.429 | 14.183 | 14.039 | 66.293 | 9.206 | 15.359 | 28.020 | 23.241 | 53.126 | 366.050 |
2024_I | 30.884 | 23.966 | 40.968 | 14.444 | 13.990 | 67.325 | 9.306 | 15.574 | 28.327 | 23.531 | 53.889 | 371.416 |
2024_II | 31.491 | 24.408 | 41.508 | 14.705 | 13.941 | 68.358 | 9.407 | 15.790 | 28.635 | 23.820 | 54.651 | 376.781 |
2024_III | 32.099 | 24.850 | 42.047 | 14.965 | 13.893 | 69.390 | 9.508 | 16.005 | 28.942 | 24.109 | 55.413 | 382.147 |
2024_IV | 32.706 | 25.292 | 42.586 | 15.226 | 13.844 | 70.423 | 9.608 | 16.221 | 29.249 | 24.399 | 56.176 | 387.512 |
2025_I | 33.314 | 25.733 | 43.126 | 15.487 | 13.795 | 71.456 | 9.709 | 16.436 | 29.557 | 24.688 | 56.938 | 392.878 |
2025_II | 33.921 | 26.175 | 43.665 | 15.748 | 13.747 | 72.488 | 9.810 | 16.652 | 29.864 | 24.977 | 57.700 | 398.243 |
2025_III | 34.529 | 26.617 | 44.205 | 16.008 | 13.698 | 73.521 | 9.910 | 16.867 | 30.171 | 25.267 | 58.463 | 403.609 |
2025_IV | 35.136 | 27.059 | 44.744 | 16.269 | 13.649 | 74.553 | 10.011 | 17.083 | 30.478 | 25.556 | 59.225 | 408.974 |
Quaterly Period | Total Trips | Total Kilograms | Total Gallons |
---|---|---|---|
2017_I | 1,712,139 | 24,403,893,109 | 598,805,107 |
2017_II | 1,754,630 | 24,856,611,315 | 627,361,966 |
2017_III | 1,797,121 | 25,309,329,520 | 655,918,824 |
2017_IV | 1,839,612 | 25,762,047,726 | 684,475,682 |
2018_I | 1,882,102 | 26,214,765,931 | 713,032,541 |
2018_II | 1,924,593 | 26,667,484,136 | 741,589,399 |
2018_III | 1,967,084 | 27,120,202,342 | 770,146,258 |
2018_IV | 2,009,575 | 27,572,920,547 | 798,703,116 |
2019_I | 2,128,272 | 28,715,234,440 | 1,071,545,808 |
2019_II | 2,937,974 | 39,224,867,127 | 1,335,159,450 |
2019_III | 2,284,749 | 30,752,663,253 | 957,446,070 |
2019_IV | 2,253,100 | 29,840,117,733 | 1,002,501,912 |
2020_I | 2,123,129 | 28,552,312,234 | 950,074,318 |
2020_II | 1,671,380 | 22,563,113,345 | 595,634,532 |
2020_III | 2,124,219 | 28,234,632,136 | 745,152,235 |
2020_IV | 2,228,770 | 29,108,835,203 | 859,227,950 |
2021_I | 2,261,989 | 30,174,420,639 | 898,275,486 |
2021_II | 2,015,411 | 27,107,307,599 | 825,454,243 |
2021_III | 2,470,906 | 33,120,531,267 | 993,196,511 |
2021_IV | 2,548,051 | 33,563,269,564 | 1,064,696,558 |
2022_I | 2,480,903 | 33,392,600,617 | 1,180,961,171 |
2022_II | 2,518,905 | 33,914,633,099 | 1,189,402,223 |
2022_III | 2,640,869 | 34,575,554,921 | 1,216,439,646 |
2022_IV | 2,635,817 | 33,990,783,320 | 1,270,543,551 |
2023_I | 2,573,636 | 33,476,995,991 | 1,262,474,131 |
2023_II | 2,550,652 | 32,886,768,444 | 1,307,820,168 |
2023_III | 3,806,436 | 46,707,308,514 | 1,875,156,347 |
2023_IV | 2,859,390 | 36,627,284,657 | 1,369,840,285 |
2024_I | 2,901,881 | 37,080,002,863 | 1,398,397,143 |
2024_II | 2,944,372 | 37,532,721,068 | 1,426,954,002 |
2024_III | 2,986,863 | 37,985,439,274 | 1,455,510,860 |
2024_IV | 3,029,353 | 38,438,157,479 | 1,484,067,719 |
2025_I | 3,071,844 | 38,890,875,685 | 1,512,624,577 |
2025_II | 3,114,335 | 39,343,593,890 | 1,541,181,436 |
2025_III | 3,156,826 | 39,796,312,096 | 1,569,738,294 |
2025_IV | 3,199,316 | 40,249,030,301 | 1,598,295,152 |
Quaterly Period | Agrobusiness | Mining | Manufacture | Home Public Services Supply | Construction | Comerce | Information and Communications | Financial and Insurance | Real State | Professional Activities | Public Administraton, Education, Social Health Services | Global_GDP |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2017_I | 14,784 | 11,674 | 26,464 | 7159 | 15,847 | 39,781 | 6551 | 9117 | 19,736 | 15,428 | 32,745 | 225,178 |
2017_II | 14,363 | 11,257 | 25,931 | 7293 | 16,390 | 40,560 | 6690 | 9697 | 20,044 | 15,612 | 33,495 | 227,859 |
2017_III | 14,780 | 11,697 | 26,168 | 7557 | 16,139 | 41,326 | 6649 | 9880 | 20,411 | 15,800 | 34,111 | 232,030 |
2017_IV | 14,887 | 12,910 | 26,458 | 7780 | 16,098 | 41,385 | 6931 | 10,366 | 20,785 | 16,058 | 34,884 | 235,404 |
2018_I | 15,048 | 14,058 | 27,048 | 7835 | 15,995 | 42,710 | 6872 | 10,168 | 21,100 | 16,451 | 35,728 | 240,549 |
2018_II | 15,415 | 14,443 | 27,279 | 8126 | 15,611 | 43,182 | 7034 | 10,698 | 21,466 | 16,832 | 36,356 | 245,009 |
2018_III | 15,432 | 14,896 | 27,640 | 8282 | 16,992 | 43,545 | 7199 | 10,704 | 21,947 | 17,031 | 37,255 | 250,176 |
2018_IV | 15,602 | 14,391 | 28,191 | 8373 | 16,512 | 44,271 | 7243 | 11,057 | 22,312 | 17,283 | 37,877 | 252,057 |
2019_I | 15,624 | 14,434 | 27,980 | 8730 | 16,358 | 45,539 | 7174 | 11,311 | 22,690 | 17,665 | 38,900 | 256,822 |
2019_II | 16,773 | 14,945 | 28,768 | 8856 | 16,391 | 46,668 | 7381 | 11,686 | 22,997 | 18,169 | 39,334 | 263,438 |
2019_III | 17,747 | 14,192 | 29,260 | 9093 | 16,160 | 47,715 | 7321 | 12,047 | 23,266 | 18,273 | 40,728 | 268,314 |
2019_IV | 17,814 | 14,747 | 29,823 | 9445 | 16,368 | 48,344 | 7505 | 11,940 | 23,435 | 18,351 | 40,800 | 271,494 |
2020_I | 19,879 | 17,237 | 31,744 | 9936 | 15,985 | 51,225 | 7669 | 12,267 | 23,692 | 19,078 | 41,867 | 286,002 |
2020_II | 20,820 | 17,925 | 32,615 | 10,289 | 15,893 | 52,605 | 7822 | 12,484 | 23,972 | 19,433 | 42,693 | 293,170 |
2020_III | 21,761 | 18,613 | 33,487 | 10,642 | 15,802 | 53,985 | 7946 | 12,701 | 24,252 | 19,787 | 43,511 | 300,338 |
2020_IV | 22,703 | 19,301 | 34,358 | 10,995 | 15,711 | 55,366 | 8069 | 12,917 | 24,532 | 20,141 | 44,328 | 307,506 |
2021_I | 23,644 | 19,989 | 35,230 | 11,348 | 15,619 | 56,746 | 8192 | 13,134 | 24,812 | 20,495 | 45,146 | 314,674 |
2021_II | 24,585 | 20,677 | 36,102 | 11,701 | 15,528 | 58,126 | 8315 | 13,351 | 25,091 | 20,850 | 45,963 | 321,842 |
2021_III | 25,527 | 21,365 | 36,973 | 12,053 | 15,436 | 59,507 | 8438 | 13,568 | 25,371 | 21,204 | 46,780 | 329,009 |
2021_IV | 26,042 | 20,628 | 36,789 | 11,754 | 14,311 | 60,787 | 8454 | 13,776 | 25,227 | 20,853 | 46,959 | 325,468 |
2022_I | 28,783 | 23,740 | 39,599 | 12,487 | 14,599 | 62,858 | 8809 | 12,970 | 25,565 | 21,797 | 47,762 | 344,676 |
2022_II | 30,104 | 28,687 | 41,865 | 13,182 | 14,853 | 65,093 | 9009 | 14,880 | 25,870 | 22,779 | 48,998 | 363,415 |
2022_III | 30,725 | 30,223 | 43,258 | 13,806 | 15,549 | 67,410 | 9129 | 14,645 | 26,315 | 23,244 | 49,831 | 377,709 |
2022_IV | 31,846 | 27,824 | 43,747 | 14,342 | 15,302 | 69,297 | 9172 | 14,630 | 26,685 | 23,412 | 49,268 | 376,722 |
2023_I | 33,806 | 26,621 | 45,274 | 14,925 | 15,581 | 71,907 | 9325 | 15,135 | 27,256 | 24,155 | 53,396 | 392,277 |
2023_II | 33,000 | 22,675 | 43,565 | 15,858 | 16,074 | 71,604 | 9465 | 15,251 | 27,872 | 24,663 | 55,677 | 388,904 |
2023_III | 29,669 | 23,082 | 39,889 | 13,923 | 14,087 | 65,260 | 9105 | 15,143 | 27,713 | 22,952 | 52,364 | 360,685 |
2023_IV | 30,276 | 23,524 | 40,429 | 14,183 | 14,039 | 66,293 | 9206 | 15,359 | 28,020 | 23,241 | 53,126 | 366,050 |
2024_I | 30,884 | 23,966 | 40,968 | 14,444 | 13,990 | 67,325 | 9306 | 15,574 | 28,327 | 23,531 | 53,889 | 371,416 |
2024_II | 31,491 | 24,408 | 41,508 | 14,705 | 13,941 | 68,358 | 9407 | 15,790 | 28,635 | 23,820 | 54,651 | 376,781 |
2024_III | 32,099 | 24,850 | 42,047 | 14,965 | 13,893 | 69,390 | 9508 | 16,005 | 28,942 | 24,109 | 55,413 | 382,147 |
2024_IV | 32,706 | 25,292 | 42,586 | 15,226 | 13,844 | 70,423 | 9608 | 16,221 | 29,249 | 24,399 | 56,176 | 387,512 |
2025_I | 33,314 | 25,733 | 43,126 | 15,487 | 13,795 | 71,456 | 9709 | 16,436 | 29,557 | 24,688 | 56,938 | 392,878 |
2025_II | 33,921 | 26,175 | 43,665 | 15,748 | 13,747 | 72,488 | 9810 | 16,652 | 29,864 | 24,977 | 57,700 | 398,243 |
2025_III | 34,529 | 26,617 | 44,205 | 16,008 | 13,698 | 73,521 | 9910 | 16,867 | 30,171 | 25,267 | 58,463 | 403,609 |
2025_IV | 35,136 | 27,059 | 44,744 | 16,269 | 13,649 | 74,553 | 10,011 | 17,083 | 30,478 | 25,556 | 59,225 | 408,974 |
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Agro. | Mining | Manuf. | Home Public Services | Const. | Comm. | Info and Comm. | Finan. and Insur. | Real State | Prof. Activ. | Public Adm. | Global GDP | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total travel | 0.002 | 0.044 | 0.031 | 0.007 | 0.633 | 0.0101 | 0.012 | 0.000 | 0.006 | 0.029 | 0.010 | 0.029 |
Total kg | 0.005 | 0.083 | 0.057 | 0.012 | 0.532 | 0.0152 | 0.025 | 0.0002 | 0.009 | 0.054 | 0.017 | 0.055 |
Total gal | 0.008 | 0.195 | 0.083 | 0.027 | 0.447 | 0.0196 | 0.034 | 0.0007 | 0.020 | 0.093 | 0.024 | 0.092 |
Pr(>|t|) | |
---|---|
(Intercept) | 0.03336 |
Agrobusiness | 0.0808 |
Mining | 0.00411 |
Manufacture | 0.22228 |
Home_public_services_supply | 0.00999 |
Commerce | 0.0471 |
Info_communications | 0.19248 |
Financial_insurance | 0.16733 |
Real_state | 0.48152 |
Professional_activities | 0.0055 |
Public_administration_Education_Social_health_services | 0.03119 |
Pr(>|t|) | |
---|---|
(Intercept) | 0.03166 |
Agrobusiness | 0.08454 |
Mining | 0.00579 |
Manufacture | 0.26004 |
Home_public_services_supply | 0.01007 |
Commerce | 0.04755 |
Info_communications | 0.23613 |
Financial_insurance | 0.1828 |
Real_state | 0.50482 |
Professional_activities | 0.00501 |
Public_administraton_Education_Social_health_services | 0.03735 |
Pr(>|t|) | |
---|---|
(Intercept) | 0.016158 |
Agrobusiness | 0.039086 |
Mining | 0.00091 |
Manufacture | 0.044918 |
Home_public_services_supply | 0.002344 |
Commerce | 0.013044 |
Info_communications | 0.45973 |
Financial_insurance | 0.13569 |
Real_state | 0.942539 |
Professional_activities | 0.000658 |
Public_administraton_Education_Social_health_services | 0.007769 |
Adjusted R2 | Pr(>|t|) | |
---|---|---|
Total travels | 0.5952 | 0.0000411 |
Total kilograms | 0.5471 | 0.0001167 |
Total gallons | 0.6955 | 0.00000298 |
Agro. | Mining | Manuf. | Home Public Services | Const. | Comm. | Info and Comm. | Finan. and Insur. | Real State | Prof. Active. | Public Adm. | Global GDP | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total travel | 0.91 | 0.85 | 0.90 | 0.92 | −0.72 | 0.92 | 0.92 | 0.92 | 0.94 | 0.92 | 0.94 | 0.92 |
Total kg | 0.86 | 0.77 | 0.84 | 0.87 | −0.68 | 0.88 | 0.88 | 0.88 | 0.89 | 0.88 | 0.89 | 0.87 |
Total gal | 0.92 | 0.89 | 0.91 | 0.92 | −0.74 | 0.93 | 0.93 | 0.93 | 0.94 | 0.93 | 0.94 | 0.93 |
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Urazán-Bonells, C.F.; Rondón-Quintana, H.A.; Zafra-Mejía, C.A. Correlation between Sectoral GDP and the Values of Road Freight Transportation in Colombia. Economies 2024, 12, 205. https://doi.org/10.3390/economies12080205
Urazán-Bonells CF, Rondón-Quintana HA, Zafra-Mejía CA. Correlation between Sectoral GDP and the Values of Road Freight Transportation in Colombia. Economies. 2024; 12(8):205. https://doi.org/10.3390/economies12080205
Chicago/Turabian StyleUrazán-Bonells, Carlos Felipe, Hugo Alexander Rondón-Quintana, and Carlos Alfonso Zafra-Mejía. 2024. "Correlation between Sectoral GDP and the Values of Road Freight Transportation in Colombia" Economies 12, no. 8: 205. https://doi.org/10.3390/economies12080205
APA StyleUrazán-Bonells, C. F., Rondón-Quintana, H. A., & Zafra-Mejía, C. A. (2024). Correlation between Sectoral GDP and the Values of Road Freight Transportation in Colombia. Economies, 12(8), 205. https://doi.org/10.3390/economies12080205