Colombia recorded a Government Budget deficit equal to 3.10 percent of the country's Gross Domestic Product in 2018.

Government Budget in Colombia averaged -3.58 percent of GDP from 2001 until 2018, reaching an all time high of 0.23 percent of GDP in 2005 and a record low of -8.47 percent of GDP in 2004. This page provides - Colombia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Budget - values, historical data and charts - was last updated on May of 2020. source: Banco de la República de Colombia

Government Budget in Colombia is expected to reach -4.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Government Budget is projected to trend around -3.50 percent of GDP in 2021 and -3.20 percent of GDP in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Colombia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -3.60 0.23 -8.47 2001 - 2018 percent of GDP Yearly

Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 50.50 49.80 50.50 23.30 percent [+]
Government Budget -3.10 -3.60 0.23 -8.47 percent of GDP [+]
Government Budget Value 327.26 -4448.40 9207.09 -10366.03 COP Billion [+]
Government Spending 35517.50 35422.70 35517.50 11533.00 COP Billion [+]
Government Revenues 18502.67 11066.18 19932.08 0.09 COP Billion [+]
Fiscal Expenditure 18175.41 15514.58 23023.60 0.12 COP Billion [+]
Credit Rating 57.00 [+]
Military Expenditure 10303.00 10018.00 10303.00 358.00 USD Million [+]


Colombia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.