Colombia Public Consumption: % of GDP

Key information about Colombia Public Consumption: % of GDP

• Colombia Public Consumption accounted for 13.5 % of its Nominal GDP in Sep 2024, compared with a share of 15.4 % in the previous quarter.
• Colombia Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 2005 to Sep 2024, with an average number of 13.7 %.
• The data reached an all-time high of 21.7 % in Dec 2020 and a record low of 11.2 % in Mar 2023.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. National Administrative Department of Statistics provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Colombia Public Consumption: % of GDP

• In the latest reports, Colombia GDP expanded 3.0 % YoY in Mar 2023.
• Colombia Nominal GDP reached 82.4 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 10.5 % in Mar 2023.
• Colombia GDP Per Capita reached 6,239.3 USD in Dec 2021.
• Its Gross Savings Rate was measured at 16.7 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 22.2 % in Mar 2023.
• Private Consumption accounted for 74.5 % in Sep 2024.

View Colombia's Public Consumption: % of GDP from Mar 2005 to Sep 2024 in the chart:

What was Colombia's Public Consumption: % of GDP in Sep 2024?

Colombia Public Consumption accounted for 13.5 % of its Nominal GDP in Sep 2024, compared with a share of 15.4 % in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
13.5 Sep 2024	15.4 Jun 2024	11.2 Mar 2023	21.7 Dec 2020	%	quarterly	Mar 2005 - Sep 2024

Public Consumption: % of GDP by Country Comparison

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