Government Spending in Colombia increased to 37389.21 COP Billion in the fourth quarter of 2020 from 37187.47 COP Billion in the third quarter of 2020. source: Dane, Colombia

Government Spending in Colombia averaged 22957.87 COP Billion from 2000 until 2020, reaching an all time high of 37389.21 COP Billion in the fourth quarter of 2020 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 May of 2021.

Government Spending in Colombia is expected to be 40181.00 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 38698.00 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
37389.21 37187.47 37389.21 11533.00 2000 - 2020 COP Billion Quarterly
Constant Prices, SA

Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.40 48.60 48.60 23.30 percent [+]
Government Budget -7.80 -2.50 0.23 -8.47 percent of GDP [+]
Government Budget Value -4460.06 -8453.91 9207.09 -10366.03 COP Billion [+]
Government Spending 37389.21 37187.47 37389.21 11533.00 COP Billion [+]
Government Revenues 13546.01 7165.19 19932.08 0.09 COP Billion [+]
Fiscal Expenditure 18006.07 15619.10 23023.60 0.12 COP Billion [+]
Credit Rating 57.00 [+]
Military Expenditure 10797.00 10135.00 10797.00 368.00 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.