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. source: Banco de la República de Colombia

Government Budget in Colombia is expected to be -3.00 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 -3.20 percent of GDP in 2020, according to our econometric models.

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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 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.

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 -4565.56 4261.77 9207.09 -10366.03 COP Billion [+]
Government Spending 34604.37 34189.16 34604.37 11533.00 COP Billion [+]
Government Revenues 9200.62 19932.08 19932.08 0.09 COP Billion [+]
Fiscal Expenditure 13766.18 15670.31 20437.08 0.12 COP Billion [+]
Credit Rating 58.00 [+]
Military Expenditure 10303.00 10018.00 10303.00 358.00 USD Million [+]