Government Spending in Colombia increased to 40117.85 COP Billion in the second quarter of 2021 from 37730.57 COP Billion in the first quarter of 2021. source: Dane, Colombia

Government Spending in Colombia averaged 23329.18 COP Billion from 2000 until 2021, reaching an all time high of 40117.85 COP Billion in the second quarter of 2021 and a record low of 11533 COP Billion in the first quarter of 2000. This page provides - Colombia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Spending - values, historical data and charts - was last updated on October of 2021.

Government Spending in Colombia is expected to be 40534.00 COP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Government Spending is projected to trend around 40672.00 COP Billion in 2022 and 42055.00 COP Billion in 2023, according to our econometric models.

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Colombia Government Spending


Related Last Previous Unit Reference
Government Spending 40117.85 37730.57 COP Billion Jun/21
Colombia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.