Government Budget in Colombia decreased to -7.80 percent of GDP in 2020 from -2.50 percent of GDP in 2019. source: Banco de la República de Colombia

Government Budget in Colombia averaged -3.74 percent of GDP from 2001 until 2020, reaching an all time high of 0.23 percent of GDP in 2005 and a record low of -8.47 percent of GDP in 2004. This page provides - Colombia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Budget - values, historical data and charts - was last updated on January of 2022.

Government Budget in Colombia is expected to reach -6.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Government Budget is projected to trend around -4.00 percent of GDP in 2022 and -3.00 percent of GDP in 2023, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Colombia Government Budget

Colombia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-7.80 -2.50 0.23 -8.47 2001 - 2020 percent of GDP Yearly

Related Last Previous Unit Reference
Government Budget -7.80 -2.50 percent of GDP Dec/20
Government Budget Value -9709.60 -3343.82 COP Billion Jun/21
Government Revenues 20187.85 10001.00 COP Billion Mar/21
Fiscal Expenditure 23485.27 19275.30 COP Billion Jun/21