Government Spending in Colombia increased to 37730.57 COP Billion in the first quarter of 2021 from 37389.21 COP Billion in the fourth quarter of 2020. source: Dane, Colombia

Government Spending in Colombia averaged 23131.66 COP Billion from 2000 until 2021, reaching an all time high of 37730.57 COP Billion in the first 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 July of 2021.

Government Spending in Colombia is expected to be 40550.00 COP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Colombia to stand at 39051.00 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
37730.57 37389.21 37730.57 11533.00 2000 - 2021 COP Billion Quarterly
Constant Prices, SA

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 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.