Colombia recorded a government debt equivalent to 48.40 percent of the country's Gross Domestic Product in 2019. source: Ministry of Finance and Public Credit Republic of Colombia

Government Debt to GDP in Colombia averaged 38.40 percent from 1996 until 2019, reaching an all time high of 48.60 percent in 2018 and a record low of 23.30 percent in 1996. This page provides - Colombia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Debt to GDP - values, historical data and charts - was last updated on August of 2021.

Government Debt to GDP in Colombia is expected to reach 64.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Government Debt to GDP is projected to trend around 64.00 percent in 2022 and 63.50 percent in 2023, according to our econometric models.

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Colombia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
62.80 52.30 62.80 23.30 1996 - 2020 percent of GDP Yearly

Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.80 52.30 62.80 23.30 percent of GDP [+]
Government Budget -7.80 -2.50 0.23 -8.47 percent of GDP [+]
Government Budget Value -11328.49 -8698.62 9730.21 -19580.84 COP Billion [+]
Government Spending 37730.57 37389.21 37730.57 11533.00 COP Billion [+]
Government Revenues 11922.57 14914.98 19915.75 0.09 COP Billion [+]
Fiscal Expenditure 23251.05 23613.61 25021.57 0.12 COP Billion [+]
Credit Rating 56.00 [+]
Military Expenditure 10133.00 10168.00 10168.00 344.00 USD Million [+]

Colombia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.