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,2022,2023,2024

Government Spending in Colombia decreased to 40756.80 COP Billion in the third quarter of 2022 from 40874.10 COP Billion in the second quarter of 2022. source: Dane, Colombia

Government Spending in Colombia averaged 24283.10 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 11533.00 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 February of 2023.

Government Spending in Colombia is expected to be 41351.00 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 42112.00 COP Billion in 2024 and 42955.00 COP Billion in 2025, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Spending	40756.80	40874.10	COP Billion	Sep 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.