Government Spending in Colombia increased to 34097.73 COP Billion in the second quarter of 2019 from 33570 COP Billion in the first quarter of 2019. Government Spending in Colombia averaged 21855.84 COP Billion from 2000 until 2019, reaching an all time high of 34097.73 COP Billion in the second quarter of 2019 and a record low of 11533 COP Billion in the first quarter of 2000.

Government Spending in Colombia is expected to be 34320.00 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 34514.00 in 12 months time. In the long-term, the Colombia Government Spending is projected to trend around 37647.00 COP Billion in 2020, according to our econometric models.

Colombia Government Spending
Forecast Data Chart
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Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 50.50 49.80 50.50 23.30 percent [+]
Government Budget -3.10 -3.60 0.23 -8.47 percent of GDP [+]
Government Budget Value 1686.19 237.05 9207.09 -10366.03 COP Billion [+]
Government Spending 34097.73 33570.00 34097.73 11533.00 COP Billion [+]
Government Revenues 17564.78 15597.77 18430.26 0.09 COP Billion [+]
Fiscal Expenditure 15878.59 15360.72 20437.08 0.12 COP Billion [+]
Credit Rating 52.04 [+]
Military Expenditure 10303.00 10018.00 10303.00 358.00 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. This page provides - Colombia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Spending - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
34097.73 33570.00 34097.73 11533.00 2000 - 2019 COP Billion Quarterly
Constant Prices, SA

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