Name: Colombia Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Colombia,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Government Spending in Colombia increased to 40874.10 COP Billion in the second quarter of 2022 from 40860.81 COP Billion in the first quarter of 2022. source: Dane, Colombia

Government Spending in Colombia averaged 24100.06 COP Billion from 2000 until 2022, reaching an all time high of 40874.10 COP Billion in the second quarter of 2022 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 2022.

Government Spending in Colombia is expected to be 41953.00 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 43002.00 COP Billion in 2023 and 43862.00 COP Billion in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Spending	40874.10	40860.81	COP Billion	Jun 2022

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.