Colombia Current Account Balance: % of GDP
1996 - 2023 | Quarterly | % | CEIC Data
Key information about Colombia Current Account Balance: % of GDP
- Colombia Current Account deficit accounted for 2.3 % of the country's Nominal GDP in Dec 2023, compared with a 2.0 % deficit in the previous quarter.
- Colombia Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1996 to Dec 2023, with an average value of -3.1 %.
- The data reached an all-time high of 1.5 % in Sep 1999 and a record low of -7.1 % in Sep 2015.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Bank of the Republic of Colombia provides Current Account Balance in USD based on BPM6. National Administrative Department of Statistics provides Nominal GDP in local currency based on SNA 2008 with benchmark year 2015. The Bank of the Republic of Colombia average market exchange rate is used for currency conversions. Nominal GDP prior Q1 2005 is based on SNA 1993 with benchmark year 2005. Current Account Balance as % of Nominal GDP prior to Q1 2000 is calculated from Current Account Balance based on BPM5 and Nominal GDP based on previous benchmark year 1994.
Key information about Colombia Current Account Balance: % of GDP
- In the latest reports of Colombia, Current Account recorded a deficit of 2.3 USD bn in Dec 2023.
- Foreign Direct Investment (FDI) increased by 5.3 USD bn in Jun 2023.
- Colombia Direct Investment Abroad expanded by 644.8 USD mn in Dec 2023.
- Its Foreign Portfolio Investment fell by 419.5 USD mn in Jun 2023.
- The country's Nominal GDP was reported at 82.4 USD bn in Mar 2023.
View Colombia's Current Account Balance: % of GDP from Mar 1996 to Dec 2023 in the chart:
What was Colombia's Current Account Balance: % of GDP in Dec 2023?
Colombia Current Account deficit accounted for 2.3 % of the country's Nominal GDP in Dec 2023, compared with a 2.0 % deficit in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -2.3 Dec 2023 | -2.0 Sep 2023 | -7.1 Sep 2015 | 1.5 Sep 1999 | % | quarterly | Mar 1996 - Dec 2023 |
Current Account Balance: % of GDP by Country Comparison
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Includes Current Account Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Algeria (%) | 1.6 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
| Argentina (%) | -2.2 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Armenia (%) | 2.7 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
| Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
| Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
| Azerbaijan (%) | 8.9 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
| Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
| Belarus (%) | -1.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Belgium (%) | 1.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Bolivia (%) | -6.2 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Bosnia and Herzegovina (%) | -2.8 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Botswana (%) | -16.3 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Brazil (%) | -2.6 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bulgaria (%) | -3.1 Dec 2023 | quarterly | Sep 1999 - Dec 2023 |
| Cambodia (%) | -1.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
| Chile (%) | -4.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| China (%) | 1.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Croatia (%) | -5.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Cyprus (%) | -11.2 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Czech Republic (%) | 0.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Denmark (%) | 12.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Ecuador (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
| Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| European Union (%) | 2.2 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Finland (%) | 1.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| France (%) | -0.9 Mar 2024 | quarterly | Mar 1997 - Mar 2024 |
| Georgia (%) | -6.8 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Germany (%) | 7.1 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
| Ghana (%) | 0.2 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
| Greece (%) | -12.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Hong Kong SAR, China (%) | 9.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Hungary (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| India (%) | -1.2 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
| Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
| Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Israel (%) | 9.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Italy (%) | 1.5 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
| Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
| Jordan (%) | 3.0 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
| Kazakhstan (%) | -2.6 Sep 2023 | quarterly | Dec 1997 - Sep 2023 |
| Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
| South Korea (USD mn) | 7,671.1 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
| Kosovo (%) | -15.4 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Kuwait (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
| Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Laos (%) | -0.1 2022 | yearly | 1984 - 2022 |
| Latvia (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
| Lithuania (%) | 4.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Luxembourg (%) | 7.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
| North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
| Malaysia (%) | 0.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Malta (%) | 0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Mauritius (%) | -3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Mexico (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Moldova (%) | -11.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Mongolia (%) | -4.7 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Montenegro (%) | -24.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Morocco (%) | -0.5 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
| Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
| Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
| Netherlands (%) | 8.5 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
| New Zealand (%) | -6.7 Dec 2023 | quarterly | Jun 1987 - Dec 2023 |
| Nigeria (%) | 1.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
| Norway (%) | 17.2 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
| Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
| Pakistan (%) | -1.0 2023 | yearly | 1977 - 2023 |
| Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Panama (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Paraguay (%) | -1.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Peru (%) | 2.3 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Poland (%) | 1.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Qatar (%) | 15.6 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
| Romania (%) | -7.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Russia (%) | 2.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Saudi Arabia (%) | 1.6 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| Serbia (%) | -5.5 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Singapore (%) | 19.5 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
| Slovenia (%) | 3.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| South Africa (%) | -2.3 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
| Spain (%) | 2.2 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Sri Lanka (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
| Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Switzerland (%) | 7.6 Dec 2023 | quarterly | Mar 1983 - Dec 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 0.2 Sep 2023 | quarterly | Dec 2000 - Sep 2023 |
| Consolidated Fiscal Balance (USD mn) | 3,323.396 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
| Tax Revenue (USD mn) | 5,177.209 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Tax Revenue: % of GDP (%) | 13.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| National Government Debt (USD mn) | 226,036.5 Sep 2023 | quarterly | Dec 2001 - Sep 2023 |
| Government Debt: % of GDP (%) | 59.0 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
| Forecast: Government Expenditure (COP bn) | 710,187.230 2028 | yearly | 1982 - 2028 |
| Forecast: Government Net Debt (COP bn) | 1,224,179.732 2029 | yearly | 1996 - 2029 |
| Forecast: Government Revenue (COP bn) | 667,655.950 2028 | yearly | 1980 - 2028 |
| Central Government: Revenue (COP bn) | 19,365.697 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
| Central Government: Expenditure (COP bn) | 42,043.824 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
| Tax Collection: Internal: Petrol & Diesel Fuel Tax (COP mn) | 203,872.641 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
| Tax Collection: Total (COP mn) | 20,236,002.306 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Tax Collection: Internal: Income Tax (COP mn) | 7,622,964.083 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Tax Collection: Internal: VAT (COP mn) | 8,066,037.521 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.416 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,010.1 Feb 2024 | monthly | Jan 1958 - Feb 2024 |
| Total Exports (USD mn) | 3,830.7 Mar 2024 | monthly | Jan 1970 - Mar 2024 |
| Total Exports Growth (%) | -14.2 Mar 2024 | monthly | Jan 1971 - Mar 2024 |
| Aluminum: Exports (USD th) | 60,040.092 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 361,386.398 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 56,465.291 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 4,820.6 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
| Total Imports Growth (%) | -4.7 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
| Imports: Medicament (USD th) | 2,136,175.945 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 1,809,154.500 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 1,025.974 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
| Total Imports from USA (USD mn) | 1,116.366 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
| Total Exports to China (USD mn) | 110.608 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
| Total Imports from China (USD mn) | 1,171.482 Feb 2024 | monthly | Jun 1988 - Feb 2024 |
| Trade Balance: ytd: Total (USD mn) | -1,846.629 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Terms of Trade Index (2000=100) | 123.029 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.1 Feb 2024 | monthly | Apr 1995 - Feb 2024 |
| Household Debt: % of GDP (%) | 32.3 Dec 2023 | quarterly | Dec 2015 - Dec 2023 |
| Money Supply M1 (USD mn) | 38,979.482 May 2023 | monthly | Jan 1984 - May 2023 |
| Money Supply M2 (USD mn) | 161,207.989 May 2023 | monthly | Dec 1979 - May 2023 |
| M2 Growth (%) | 6.9 Mar 2024 | monthly | Dec 1980 - Mar 2024 |
| Reserve Requirement Ratio (%) | 8.0 Apr 2024 | monthly | Jun 2008 - Apr 2024 |
| Foreign Exchange Reserves (USD mn) | 55,044.5 Mar 2024 | monthly | Dec 1956 - Mar 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.945 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 11.3 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
| Gold Reserves (USD mn) | 331.700 Mar 2024 | monthly | Dec 1956 - Mar 2024 |
| Domestic Credit (USD mn) | 217,703.4 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
| Domestic Credit Growth (%) | 4.6 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Credit to Households (USD bn) | 104.702 Sep 2023 | quarterly | Dec 1996 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 223.600 Sep 2023 | quarterly | Dec 1996 - Sep 2023 |
| Household Debt (USD mn) | 79,122.8 Feb 2024 | monthly | Apr 1995 - Feb 2024 |
| Total Loans (USD mn) | 171,491.269 Feb 2024 | monthly | Apr 1995 - Feb 2024 |
| Total Loans Growth (%) | 1.49 Feb 2024 | monthly | Apr 1996 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 42.53 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Money Supply: M3 (COP bn) | 813,122.128 Mar 2024 | monthly | Jan 1982 - Mar 2024 |
| Monetary Base (COP bn) | 144,893.933 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
| Net International Reserves: Gross (USD mn) | 60,023.611 Mar 2024 | monthly | Jan 1960 - Mar 2024 |
| Net International Reserves: Gross: Gold (USD mn) | 331.700 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
| Credits Institutions: Credit Balance Including Leasing: Gross (COP bn) | 674,571.194 Feb 2024 | monthly | Apr 1995 - Feb 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -6.1 Mar 2024 | monthly | Jan 1981 - Mar 2024 |
| IOS: Business Climate Indicators: Favorable Situation (%) | 70.200 Jan 2023 | monthly | Oct 2006 - Jan 2023 |
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Balance of Payments
Balance of Payments: Current Account
BPM6: Balance of Payments: Analytical Presentation
BPM6: Balance of Payments: Detailed Presentation
BPM6: External Debt
BPM6: International Investment Position: Annual
Company Statistics
External Debt
External Debt: Arrears and Reschedulings
External Debt: Debt Outstanding, Debt Ratio and Debt Service
External Debt: Net Flows and Net Transfers
Foreign Direct Investment
Foreign Investment in Colombia
Foreign Investment in Colombia excl Oil: by Country
Investment Abroad: by Industry
Balance of Payments: Capital and Financial Account
BPM6: Balance of Payments
BPM6: Balance of Payments: Analytical Presentation: Annual
BPM6: Balance of Payments: Detailed Presentation: Annual
BPM6: International Investment Position
Businesses Registered Statistics
Current Account as % of GDP
External Debt: Amortization
External Debt: Commitments and Currency Composition
External Debt: Disbursements and Interest Payment
External Debt: Terms and Undisbursed Debt
Foreign Direct Investment excl Oil: by Industry
Foreign Investment in Colombia excl Oil
Investment Abroad: by Country
Investment Statistics