Colombia CO: Military Expenditure: % of GDP

1960 - 2022 | Yearly | % | World Bank

Colombia CO: Military Expenditure: % of GDP data was reported at 3.079 % in 2022. This records a decrease from the previous number of 3.238 % for 2021. Colombia CO: Military Expenditure: % of GDP data is updated yearly, averaging 3.033 % from Dec 1960 (Median) to 2022, with 63 observations. The data reached an all-time high of 4.445 % in 1996 and a record low of 1.438 % in 1977. Colombia CO: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.);Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.;Weighted average;Data for some countries are based on partial or uncertain data or rough estimates.

View Colombia's Colombia CO: Military Expenditure: % of GDP from 1960 to 2022 in the chart:

Colombia Colombia CO: Military Expenditure: % of GDP

What was Colombia's Colombia CO: Military Expenditure: % of GDP in 2022?

Last Previous Min Max Unit Frequency Range
3.079 2022 3.238 2021 1.438 1977 4.445 1996 % yearly 1960 - 2022

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Colombia Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 23,024.659 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 7,790.612 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 3.345 2028 yearly 1980 - 2028
GDP Deflator Growth (%) 14.0 Dec 2022 quarterly Mar 2001 - Dec 2022
GDP per Capita (USD) 6,239.274 2021 yearly 1960 - 2021
Gross Fixed Capital Formation (USD mn) 17,954.681 Sep 2024 quarterly Mar 2000 - Sep 2024
Gross National Product (GNP) (USD mn) 359,767.496 2023 yearly 1960 - 2023
Gross Savings Rate (%) 8.6 Dec 2022 quarterly Mar 2005 - Dec 2022
Investment: % of GDP (%) 14.7 Dec 2022 quarterly Mar 2005 - Dec 2022
Nominal GDP (USD mn) 79,499.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Nominal GDP Growth (%) 8.580 Sep 2024 quarterly Mar 2001 - Sep 2024
Private Consumption Expenditure (USD mn) 79,162.367 Sep 2024 quarterly Mar 2000 - Sep 2024
Private Consumption: % of GDP (%) 74.5 Sep 2024 quarterly Mar 2005 - Sep 2024
Public Consumption Expenditure (USD mn) 15,003.411 Sep 2024 quarterly Mar 2000 - Sep 2024
Public Consumption: % of GDP (%) 13.5 Sep 2024 quarterly Mar 2005 - Sep 2024
Real GDP Growth (%) 2.9 Dec 2022 quarterly Mar 2001 - Dec 2022
Total Trade of Goods & Services: % of Nominal GDP (%) 37.049 Sep 2024 quarterly Mar 2005 - Sep 2024
Production Last Frequency Range
Gold Production (kg) 42,142.000 2022 yearly 1990 - 2022
Industrial Production Index Growth (%) -0.6 Oct 2024 monthly Jan 1981 - Oct 2024
Minerals Production (Metric Ton) 112,754,954.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 34,700.000 2023 yearly 1999 - 2023
Silver Production (Metric Ton) 29.000 2021 yearly 1990 - 2021
Construction and Properties Last Frequency Range
Building Permits (Unit) 10,340.000 Oct 2024 monthly Jan 2009 - Oct 2024
House Prices Growth (%) 10.4 Sep 2024 quarterly Mar 1998 - Sep 2024
Nominal Residential Property Price Index (2010=100) 263.545 Jun 2024 quarterly Mar 1988 - Jun 2024
Nominal Residential Property Price Index Growth (%) 7.404 Jun 2024 quarterly Mar 1989 - Jun 2024
Real Residential Property Price Index (2010=100) 138.223 Mar 2024 quarterly Mar 1988 - Mar 2024
Real Residential Property Price Index Growth (%) 0.221 Jun 2024 quarterly Mar 1989 - Jun 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -8.5 Mar 2024 quarterly Dec 2000 - Mar 2024
Forecast: Government Expenditure (COP bn) 719,334.932 2029 yearly 1982 - 2029
Forecast: Government Net Debt (COP bn) 1,271,815.519 2029 yearly 1996 - 2029
Forecast: Government Revenue (COP bn) 665,180.008 2029 yearly 1980 - 2029
Government Debt: % of GDP (%) 62.2 Jun 2024 quarterly Dec 2005 - Jun 2024
National Government Debt (USD mn) 242,468.3 Jun 2024 quarterly Dec 2001 - Jun 2024
Tax Revenue (USD mn) 3,976.151 Oct 2024 monthly Jan 1999 - Oct 2024
Consolidated Fiscal Balance (USD mn) -21,992.937 Mar 2024 quarterly Mar 1995 - Mar 2024
Tax Revenue: % of GDP (%) 16.3 Sep 2024 quarterly Mar 2000 - Sep 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 23,068,912.869 Oct 2024 monthly Jan 2001 - Oct 2024
Forecast: Population (Person mn) 54.779 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 9.400 2029 yearly 1980 - 2029
Labour Force Participation Rate (%) 63.9 Oct 2024 monthly Jan 2001 - Oct 2024
Labour Productivity Growth (%) 1.45 Sep 2024 quarterly Mar 2002 - Sep 2024
Population (Person mn) 52.2 2023 yearly 1950 - 2023
Unemployment Rate (%) 12.12 Mar 2022 monthly Jan 2021 - Mar 2022
Monthly Earnings (USD) 281 2021 yearly 2019 - 2021

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