Government Spending in Colombia increased to 39520.06 COP Billion in the first quarter of 2023 from 37458.98 COP Billion in the fourth quarter of 2022. source: Dane, Colombia

Government Spending in Colombia averaged 24447.91 COP Billion from 2000 until 2023, reaching an all time high of 40124.44 COP Billion in the first 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 June of 2023.

Government Spending in Colombia is expected to be 40281.00 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 38705.00 COP Billion in 2024 and 39479.00 COP Billion in 2025, according to our econometric models.

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Colombia Government Spending

Related Last Previous Unit Reference
Government Spending 39520.06 37458.98 COP Billion Mar 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
39520.06 37458.98 40124.44 11533.00 2000 - 2023 COP Billion Quarterly
Constant Prices, SA