Colombia recorded a Government Budget deficit equal to 3 percent of the country's Gross Domestic Product in 2017. Government Budget in Colombia averaged -3.57 percent of GDP from 2001 until 2017, 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.
Government Budget in Colombia is expected to be -2.90 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Government Budget is projected to trend around -3.00 percent of GDP in 2020, according to our econometric models.