Colombia recorded a Government Budget deficit equal to 2.50 percent of the country's Gross Domestic Product in 2019. source: Banco de la República de Colombia

Government Budget in Colombia averaged -3.52 percent of GDP from 2001 until 2019, 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 February of 2021.

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.

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Colombia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -3.10 0.23 -8.47 2001 - 2019 percent of GDP Yearly

Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.40 48.60 48.60 23.30 percent [+]
Government Budget -2.50 -3.10 0.23 -8.47 percent of GDP [+]
Government Budget Value -4460.06 -8453.91 9207.09 -10366.03 COP Billion [+]
Government Spending 37389.21 37187.47 37389.21 11533.00 COP Billion [+]
Government Revenues 13546.01 7165.19 19932.08 0.09 COP Billion [+]
Fiscal Expenditure 18006.07 15619.10 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.