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.