Colombia recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2024. Government Budget in Colombia averaged -4.05 percent of GDP from 2001 until 2024, 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. source: Banco de la República de Colombia
Government Budget in Colombia is expected to reach -7.10 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Government Budget is projected to trend around -6.20 percent of GDP in 2026 and -5.40 percent of GDP in 2027, according to our econometric models.