Colombia recorded a Government Debt to GDP of 54.30 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Colombia averaged 41.95 percent of GDP from 1996 until 2023, reaching an all time high of 65.70 percent of GDP in 2020 and a record low of 23.30 percent of GDP in 1996. source: Ministry of Finance and Public Credit Republic of Colombia

Government Debt to GDP in Colombia is expected to reach 56.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Government Debt to GDP is projected to trend around 55.00 percent of GDP in 2025, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 55.00 Nov 2024
Fiscal Expenditure 25684.73 31056.18 COP Billion Aug 2024
Government Budget -4.20 -4.30 percent of GDP Dec 2023
Government Budget Value -10899.51 -5579.60 COP Billion Aug 2024
Government Debt to GDP 54.30 60.10 percent of GDP Dec 2023
Government Revenues 14785.22 25476.59 COP Billion Aug 2024
Government Spending 37935.36 41333.34 COP Billion Sep 2024
Holidays
Military Expenditure 10701.10 9661.00 USD Million Dec 2023

Colombia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
54.30 60.10 65.70 23.30 1996 - 2023 percent of GDP Yearly