Colombia Government Debt: % of GDP

2005 - 2023 | Quarterly | % | CEIC Data

Key information about Colombia Government Debt: % of GDP

  • Colombia Government debt accounted for 58.8 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 59.2 % in the previous quarter.
  • Colombia government debt to GDP ratio data is updated quarterly, available from Dec 2005 to Dec 2023.
  • The data reached an all-time high of 69.3 % in Mar 2021 and a record low of 34.4 % in Sep 2012.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. Government Debt is calculated as a sum of Social Security, Central Government, and Central Administrations Debt only. The Ministry of Finance and Public Credit provides Government Debt in local currency. National Administrative Department of Statistics provides Nominal GDP in local currency.


Related information about Colombia Government Debt: % of GDP

  • In the latest reports, Colombia National Government Debt reached 241.9 USD bn in Dec 2023.
  • The country's Nominal GDP reached 82.4 USD bn in Mar 2023.

View Colombia's Government Debt: % of GDP from Dec 2005 to Dec 2023 in the chart:

Colombia Government Debt: % of GDP

What was Colombia's Government Debt: % of GDP in Dec 2023?

Colombia Government debt accounted for 58.8 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 59.2 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
58.8 Dec 2023 59.2 Sep 2023 34.4 Sep 2012 69.3 Mar 2021 % quarterly Dec 2005 - Dec 2023

Government Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 53.7 Jun 2024 quarterly Sep 2010 - Jun 2024
Algeria (%) 48.9 2023 yearly 1997 - 2023
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 48.5 Jun 2024 quarterly Dec 2013 - Jun 2024
Australia (%) 38.1 2023 yearly 1999 - 2023
Austria (%) 83.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 88.7 Jun 2024 quarterly Dec 2007 - Jun 2024
Bangladesh (%) 26.4 2024 yearly 2010 - 2024
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 108.2 Mar 2024 quarterly Dec 1980 - Mar 2024
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 19.1 2023 yearly 2007 - 2023
Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 77.8 Jun 2024 quarterly Dec 2006 - Jun 2024
Bulgaria (%) 22.4 Mar 2024 quarterly Mar 2007 - Mar 2024
Cambodia (%) 25.3 2022 yearly 2013 - 2022
Canada (%) 69.6 2024 yearly 1962 - 2024
Chile (%) 40.9 Jun 2024 quarterly Mar 2002 - Jun 2024
China (%) 24.6 Jun 2024 quarterly Mar 2014 - Jun 2024
Colombia (%) 58.8 Dec 2023 quarterly Dec 2005 - Dec 2023
Croatia (%) 61.5 Jun 2024 quarterly Dec 1995 - Jun 2024
Cyprus (%) 70.5 Jun 2024 quarterly Dec 2010 - Jun 2024
Czech Republic (%) 42.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Denmark (%) 33.7 Jun 2024 quarterly Mar 2000 - Jun 2024
Ecuador (%) 66.9 Jun 2024 quarterly Dec 2005 - Jun 2024
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 23.8 Jun 2024 quarterly Mar 2000 - Jun 2024
European Union (%) 81.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Finland (%) 80.0 Jun 2024 quarterly Mar 2000 - Jun 2024
France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 38.3 Jun 2024 quarterly Mar 2006 - Jun 2024
Germany (%) 62.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Ghana (%) 72.3 2023 yearly 2006 - 2023
Greece (%) 163.6 Jun 2024 quarterly Dec 1999 - Jun 2024
Hong Kong SAR, China (%) 50.2 2023 yearly 2003 - 2023
Hungary (%) 75.8 Jun 2024 quarterly Dec 1990 - Jun 2024
Iceland (%) 64.2 2023 yearly 1998 - 2023
India (%) 58.3 Jun 2024 quarterly Mar 2012 - Jun 2024
Indonesia (%) 38.9 Sep 2024 quarterly Jun 2015 - Sep 2024
Iran (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Ireland (%) 42.8 Jun 2024 quarterly Mar 2000 - Jun 2024
Israel (%) 60.3 2023 yearly 1995 - 2023
Italy (%) 139.8 Jun 2024 quarterly Dec 1995 - Jun 2024
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 218.7 Jun 2024 quarterly Dec 1994 - Jun 2024
Jordan (%) 89.5 Jun 2024 quarterly Mar 2002 - Jun 2024
Kazakhstan (%) 21.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Kenya (%) 67.2 Jun 2024 quarterly Dec 2009 - Jun 2024
South Korea (%) 46.1 Jun 2024 quarterly Sep 2002 - Jun 2024
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
Kyrgyzstan (%) 43.0 Jun 2024 quarterly Mar 2011 - Jun 2024
Latvia (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 37.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Luxembourg (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 2024
North Macedonia (%) 54.5 Jun 2024 quarterly Dec 2009 - Jun 2024
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 65.4 Jun 2024 quarterly Dec 2010 - Jun 2024
Malta (%) 47.1 Mar 2024 quarterly Dec 2000 - Mar 2024
Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
Mexico (%) 48.2 Jun 2024 quarterly Dec 2005 - Jun 2024
Moldova (%) 34.9 Jun 2024 quarterly Mar 2007 - Jun 2024
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 62.1 Jun 2024 quarterly Dec 2010 - Jun 2024
Morocco (%) 71.5 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 43.2 Jun 2024 quarterly Dec 1999 - Jun 2024
New Zealand (%) 42.6 Jun 2024 quarterly Dec 2006 - Jun 2024
Nigeria (%) 49.5 Mar 2024 quarterly Dec 2010 - Mar 2024
Norway (%) 44.3 2023 yearly 1995 - 2023
Oman (%) 36.5 2023 yearly 1990 - 2023
Pakistan (%) 72.4 2023 yearly 2000 - 2023
Palestinian Territory (%) 126.9 Jun 2024 quarterly Dec 2010 - Jun 2024
Panama (%) 61.2 Jun 2024 quarterly Dec 2007 - Jun 2024
Paraguay (%) 36.2 Jun 2024 quarterly Dec 2014 - Jun 2024
Peru (%) 32.7 Jun 2024 quarterly Mar 1999 - Jun 2024
Philippines (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
Poland (%) 52.3 Jun 2024 quarterly Dec 2002 - Jun 2024
Portugal (%) 100.6 Jun 2024 quarterly Dec 1995 - Jun 2024
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 51.1 Jun 2024 quarterly Dec 2011 - Jun 2024
Russia (%) 14.6 Mar 2024 quarterly Dec 2011 - Mar 2024
Saudi Arabia (%) 28.4 Jun 2024 quarterly Dec 2016 - Jun 2024
Serbia (%) 52.4 Jun 2024 quarterly Sep 2004 - Jun 2024
Singapore (%) 174.1 Jun 2024 quarterly Mar 1990 - Jun 2024
Slovakia (%) 60.5 Mar 2024 quarterly Mar 2000 - Mar 2024
Slovenia (%) 69.5 Jun 2024 quarterly Dec 1999 - Jun 2024
South Africa (%) 74.6 Jun 2024 quarterly Dec 1960 - Jun 2024
Spain (%) 105.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Sri Lanka (%) 98.8 Jun 2024 quarterly Mar 2014 - Jun 2024
Sweden (%) 30.2 Mar 2024 quarterly Mar 1996 - Mar 2024
Switzerland (%) 23.3 2028 yearly 1990 - 2028
Taiwan (%) 29.1 2023 yearly 1996 - 2023
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 55.8 Jun 2024 quarterly Dec 1997 - Jun 2024
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 26.1 Jun 2024 quarterly Dec 2001 - Jun 2024
Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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Colombia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.0 Dec 2023 quarterly Dec 2000 - Dec 2023
Consolidated Fiscal Balance (USD mn) -11,124.180 Dec 2023 quarterly Mar 1995 - Dec 2023
Tax Revenue (USD mn) 6,698.725 Sep 2024 monthly Jan 1999 - Sep 2024
Tax Revenue: % of GDP (%) 16.8 Jun 2024 quarterly Mar 2000 - Jun 2024
National Government Debt (USD mn) 241,886.6 Dec 2023 quarterly Dec 2001 - Dec 2023
Government Debt: % of GDP (%) 58.8 Dec 2023 quarterly Dec 2005 - Dec 2023
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
Central Government: Revenue (COP bn) 22,026.457 Apr 2024 monthly Jan 1995 - Apr 2024
Central Government: Expenditure (COP bn) 39,049.628 Apr 2024 monthly Jan 1995 - Apr 2024
Tax Collection: Internal: VAT (COP mn) 10,960,973.590 Sep 2024 monthly Jan 1999 - Sep 2024
Tax Collection: Internal: Income Tax (COP mn) 10,163,677.987 Sep 2024 monthly Jan 1999 - Sep 2024
Tax Collection: Total (COP mn) 28,080,116.572 Sep 2024 monthly Jan 1999 - Sep 2024
Tax Collection: Internal: Petrol & Diesel Fuel Tax (COP mn) 204,046.892 Sep 2024 monthly Jan 2000 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.416 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,687.9 Aug 2024 monthly Jan 1958 - Aug 2024
Total Exports (USD mn) 4,130.8 Sep 2024 monthly Jan 1970 - Sep 2024
Total Exports Growth (%) -0.9 Sep 2024 monthly Jan 1971 - Sep 2024
Aluminum: Exports (USD th) 55,621.914 2023 yearly 1995 - 2023
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) 5,532.9 Aug 2024 monthly Jan 1980 - Aug 2024
Total Imports Growth (%) 4.6 Aug 2024 monthly Jan 1981 - Aug 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) 1,334.599 Sep 2024 monthly Jan 2008 - Sep 2024
Total Imports from USA (USD mn) 1,438.083 Aug 2024 monthly Jan 1981 - Aug 2024
Total Exports to China (USD mn) 93.077 Sep 2024 monthly Jan 2008 - Sep 2024
Total Imports from China (USD mn) 1,498.623 Aug 2024 monthly Jun 1988 - Aug 2024
Trade Balance: ytd: Total (USD mn) -6,888.209 Aug 2024 monthly Jan 2006 - Aug 2024
Terms of Trade Index (2000=100) 126.670 Sep 2024 monthly Jan 1980 - Sep 2024
Import Value Index (2015=100) 113.030 2021 yearly 1980 - 2021
Export Value Index (2015=100) 112.879 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,028.8 Jun 2024 quarterly Mar 1996 - Jun 2024
Current Account Balance (USD mn) -1,630.4 Jun 2024 quarterly Mar 1996 - Jun 2024
Current Account Balance: % of GDP (%) -1.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Direct Investment (USD mn) 2,841.4 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Direct Investment: % of GDP (%) 2.7 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Portfolio Investment (USD mn) 1,502.708 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 1.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 127.9 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 1,374.856 Jun 2024 quarterly Mar 1996 - Jun 2024
External Debt (USD mn) 197,537.6 Jul 2024 monthly Jan 2001 - Jul 2024
External Debt: % of GDP (%) 53.7 2023 yearly 1970 - 2023
External Debt: Short Term (USD mn) 30,608.0 Mar 2023 monthly Oct 1999 - Mar 2023
External Debt: Short Term: % of GDP (%) 8.6 2023 yearly 1970 - 2023
Forecast: Current Account Balance (USD bn) -17.950 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -187,676.980 Jun 2024 quarterly Mar 2000 - Jun 2024
CO: BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 19.924 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Official Reserve Assets (USD mn) 1,716.572 2023 yearly 1968 - 2023
BoP: BPM6: Financial Account: Other Investment (USD mn) -2,561.420 Dec 2018 quarterly Mar 2000 - Dec 2018
IIP: Assets (USD mn) 264,338.324 Jun 2024 quarterly Mar 2000 - Jun 2024
International Investment Position (IIP) (USD mn) -187,676.980 Jun 2024 quarterly Mar 2000 - Jun 2024
IIP: Liabilities (USD mn) 452,015.305 Jun 2024 quarterly Mar 2000 - Jun 2024
External Debt: Private Sector: Total (USD mn) 84,345.823 Jul 2024 monthly Jan 2001 - Jul 2024
External Debt: Total: Long Term (USD mn) 165,921.578 Jul 2024 monthly Jan 2001 - Jul 2024
External Debt: Public Sector: Total (USD mn) 113,191.793 Jul 2024 monthly Jan 2001 - Jul 2024
FDI: Manufacturing (USD mn) 763.631 Jun 2024 quarterly Mar 1996 - Jun 2024
FDI: Wholesale & Retail Trade, Hotels & Restaurants (USD mn) 275.257 Jun 2024 quarterly Mar 1996 - Jun 2024
FDI: Transport, Storage & Communications (USD mn) -314.938 Jun 2024 quarterly Mar 1996 - Jun 2024
FDI: Petroleum (USD mn) 671.822 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Direct Investment (FDI) (USD mn) 2,841.384 Jun 2024 quarterly Mar 1996 - Jun 2024
CO: BOP: Financial Account: Net (USD mn) -8,285.356 2023 yearly 1968 - 2023
CO: BOP: Net Errors and Omissions (USD mn) 868.419 2023 yearly 1968 - 2023
CO: BOP: Current Account: Imports: Service (USD mn) 16,901.672 2023 yearly 1968 - 2023
CO: BOP: Current Account: Net Trade: Goods (USD mn) -6,731.579 2023 yearly 1968 - 2023
CO: BOP: Current Account: Exports: Service (USD mn) 15,643.889 2023 yearly 1968 - 2023
CO: BOP: Current Account: Primary Income: Receipts (USD mn) 8,777.204 2023 yearly 1968 - 2023
CO: BOP: Current Account: Imports: Goods (USD mn) 59,373.499 2023 yearly 1968 - 2023
CO: BOP: Current Account: Primary Income: Payments (USD mn) 22,877.227 2023 yearly 1968 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.1 Aug 2024 monthly Apr 1995 - Aug 2024
Household Debt: % of GDP (%) 31.5 Jun 2024 quarterly Dec 2015 - Jun 2024
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 (%) 7.2 Sep 2024 monthly Dec 1980 - Sep 2024
Reserve Requirement Ratio (%) 8.0 Oct 2024 monthly Jun 2008 - Oct 2024
Foreign Exchange Reserves (USD mn) 57,726.1 Aug 2024 monthly Dec 1956 - Aug 2024
Foreign Exchange Reserves: % of GDP (%) 14.244 Mar 2024 quarterly Dec 2000 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 10.4 Aug 2024 monthly Jan 1980 - Aug 2024
Gold Reserves (USD mn) 398.300 Sep 2024 monthly Dec 1956 - Sep 2024
Domestic Credit (USD mn) 208,887.9 Jul 2024 monthly Jan 1993 - Jul 2024
Domestic Credit Growth (%) 6.3 Jul 2024 monthly Jan 1994 - Jul 2024
Credit to Households (USD bn) 111.713 Dec 2023 quarterly Dec 1996 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 238.500 Dec 2023 quarterly Dec 1996 - Dec 2023
Household Debt (USD mn) 74,343.3 Aug 2024 monthly Apr 1995 - Aug 2024
Total Loans (USD mn) 163,994.265 Aug 2024 monthly Apr 1995 - Aug 2024
Total Loans Growth (%) 1.41 Aug 2024 monthly Apr 1996 - Aug 2024
Private Debt: % of Nominal GDP (%) 41.60 Jun 2024 quarterly Dec 2005 - Jun 2024
Monetary Base (COP bn) 148,498.330 Sep 2024 monthly Jan 1980 - Sep 2024
Money Supply: M3 (COP bn) 832,952.701 Sep 2024 monthly Jan 1982 - Sep 2024
Net International Reserves: Gross (USD mn) 63,613.215 Sep 2024 monthly Jan 1960 - Sep 2024
Net International Reserves: Gross: Gold (USD mn) 398.300 Sep 2024 monthly Jan 1980 - Sep 2024
Credits Institutions: Credit Balance Including Leasing: Gross (COP bn) 682,266.982 Aug 2024 monthly Apr 1995 - Aug 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 0.5 Sep 2024 monthly Jan 1981 - Sep 2024
IOS: Business Climate Indicators: Better Expectations (%) 34.700 Jan 2023 monthly Oct 2006 - Jan 2023
IOS: Business Climate Indicators: Favorable Situation (%) 70.200 Jan 2023 monthly Oct 2006 - Jan 2023

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