Colombia Public Consumption: % of GDP
2005 - 2024 | Quarterly | % | CEIC Data
Key information about Colombia Public Consumption: % of GDP
- Colombia Public Consumption accounted for 12.4 % of its Nominal GDP in Mar 2024, compared with a share of 16.7 % in the previous quarter.
- Colombia Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 2005 to Mar 2024, with an average number of 13.7 %.
- The data reached an all-time high of 19.5 % in Dec 2020 and a record low of 10.8 % in Mar 2012.
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 77.6 % in Mar 2024.
View Colombia's Public Consumption: % of GDP from Mar 2005 to Mar 2024 in the chart:
What was Colombia's Public Consumption: % of GDP in Mar 2024?
Colombia Public Consumption accounted for 12.4 % of its Nominal GDP in Mar 2024, compared with a share of 16.7 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 12.4 Mar 2024 | 16.7 Dec 2023 | 10.8 Mar 2012 | 19.5 Dec 2020 | % | quarterly | Mar 2005 - Mar 2024 |
Public Consumption: % of GDP by Country Comparison
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Includes Public Consumption: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 9.4 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 16.9 2023 | yearly | 1950 - 2023 |
| Argentina (%) | 15.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Armenia (%) | 8.9 Mar 2024 | quarterly | Dec 1994 - Mar 2024 |
| Australia (%) | 20.4 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
| Austria (%) | 20.7 Jun 2023 | quarterly | Mar 1988 - Jun 2023 |
| Azerbaijan (%) | 16.4 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Bahrain (%) | 15.8 2021 | yearly | 1975 - 2021 |
| Bangladesh (%) | 5.6 2024 | yearly | 1973 - 2024 |
| Belarus (%) | 18.9 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Belgium (%) | 24.5 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Bolivia (%) | 21.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Bosnia and Herzegovina (%) | 20.0 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Botswana (%) | 31.8 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| Brazil (%) | 21.0 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Brunei (%) | 17.6 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Bulgaria (%) | 20.8 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Cambodia (%) | 7.4 2022 | yearly | 1993 - 2022 |
| Canada (%) | 21.2 Dec 2023 | quarterly | Mar 1961 - Dec 2023 |
| Chile (%) | 14.5 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| China (%) | 15.9 2021 | yearly | 1952 - 2021 |
| Colombia (%) | 12.4 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Croatia (%) | 23.4 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Cyprus (%) | 22.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Czech Republic (%) | 22.6 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Denmark (%) | 23.2 Mar 2024 | quarterly | Mar 1990 - Mar 2024 |
| Ecuador (%) | 13.3 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Egypt (%) | 6.0 Dec 2023 | quarterly | Sep 2001 - Dec 2023 |
| Estonia (%) | 23.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| European Union (%) | 22.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Finland (%) | 23.8 Dec 2022 | quarterly | Mar 1975 - Dec 2022 |
| France (%) | 22.9 Mar 2024 | quarterly | Mar 1980 - Mar 2024 |
| Georgia (%) | 12.7 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Germany (%) | 21.7 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
| Ghana (%) | 5.9 2023 | yearly | 2006 - 2023 |
| Greece (%) | 21.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Hong Kong SAR, China (%) | 13.7 Dec 2022 | quarterly | Mar 1973 - Dec 2022 |
| Hungary (%) | 19.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Iceland (%) | 27.5 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| India (%) | 8.5 Dec 2023 | quarterly | Jun 1996 - Dec 2023 |
| Indonesia (%) | 9.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Iran (%) | 10.7 Sep 2023 | quarterly | Jun 1988 - Sep 2023 |
| Ireland (%) | 11.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Israel (%) | 26.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Italy (%) | 19.6 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Ivory Coast (%) | 9.6 2023 | yearly | 1960 - 2023 |
| Japan (%) | 20.4 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
| Jordan (%) | 18.3 2023 | yearly | 1963 - 2023 |
| Kazakhstan (%) | 8.7 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 12.3 2022 | yearly | 1960 - 2022 |
| South Korea (%) | 17.6 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
| Kosovo (%) | 13.0 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Kuwait (%) | 24.8 2019 | yearly | 1962 - 2019 |
| Kyrgyzstan (%) | 17.9 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Laos (%) | 14.0 2016 | yearly | 2000 - 2016 |
| Latvia (%) | 22.8 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
| Lebanon (%) | 15.7 2020 | yearly | 1990 - 2020 |
| Lithuania (%) | 20.0 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Luxembourg (%) | 22.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Macau SAR, China (%) | 9.6 Mar 2024 | quarterly | Mar 1998 - Mar 2024 |
| North Macedonia (%) | 17.7 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Malawi (%) | 13.9 2019 | yearly | 1960 - 2019 |
| Malaysia (%) | 11.2 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
| Malta (%) | 18.8 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
| Mauritius (%) | 12.5 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Mexico (%) | 10.9 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
| Moldova (%) | 18.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Mongolia (%) | 20.1 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Montenegro (%) | 13.8 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Morocco (%) | 18.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Mozambique (%) | 16.7 2022 | yearly | 1963 - 2022 |
| Nepal (%) | 6.3 2024 | yearly | 1975 - 2024 |
| Netherlands (%) | 24.3 Mar 2023 | quarterly | Mar 1977 - Mar 2023 |
| New Zealand (%) | 20.7 Dec 2023 | quarterly | Jun 1987 - Dec 2023 |
| Nigeria (%) | 4.4 2022 | yearly | 1981 - 2022 |
| Norway (%) | 23.0 Mar 2024 | quarterly | Mar 1978 - Mar 2024 |
| Oman (%) | 17.9 2022 | yearly | 1980 - 2022 |
| Pakistan (%) | 9.3 2024 | yearly | 1960 - 2024 |
| Palestinian Territory (%) | 20.1 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Panama (%) | 13.7 2021 | yearly | 1996 - 2021 |
| Paraguay (%) | 13.6 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Peru (%) | 13.7 Mar 2024 | quarterly | Mar 1980 - Mar 2024 |
| Philippines (%) | 13.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Poland (%) | 19.0 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Portugal (%) | 20.4 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Qatar (%) | 13.1 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Romania (%) | 16.8 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Russia (%) | 17.5 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Saudi Arabia (%) | 27.6 Dec 2023 | quarterly | Mar 2003 - Dec 2023 |
| Serbia (%) | 16.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Singapore (%) | 10.2 2023 | yearly | 1960 - 2023 |
| Slovakia (%) | 24.6 Dec 2022 | quarterly | Mar 1990 - Dec 2022 |
| Slovenia (%) | 21.0 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| South Africa (%) | 19.8 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
| Spain (%) | 19.2 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
| Sri Lanka (%) | 5.9 Mar 2023 | quarterly | Mar 2010 - Mar 2023 |
| Sudan (%) | 17.9 2022 | yearly | 1960 - 2022 |
| Sweden (%) | 25.8 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
| Switzerland (%) | 11.4 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Syria (%) | 10.9 2021 | yearly | 1963 - 2021 |
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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 (%) | 16.5 Mar 2024 | quarterly | Mar 2000 - Mar 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) | 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: VAT (COP mn) | 8,066,037.521 Mar 2024 | monthly | Jan 1999 - 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: Petrol & Diesel Fuel Tax (COP mn) | 203,872.641 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.416 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -926.5 Mar 2024 | monthly | Jan 1958 - Mar 2024 |
| Total Exports (USD mn) | 4,408.8 Apr 2024 | monthly | Jan 1970 - Apr 2024 |
| Total Exports Growth (%) | 17.9 Apr 2024 | monthly | Jan 1971 - Apr 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) | 4,757.3 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
| Total Imports Growth (%) | -18.8 Mar 2024 | monthly | Jan 1981 - Mar 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) | 1,181.080 Apr 2024 | monthly | Jan 2008 - Apr 2024 |
| Total Imports from USA (USD mn) | 1,389.093 Mar 2024 | monthly | Jan 1981 - Mar 2024 |
| Total Exports to China (USD mn) | 295.620 Mar 2024 | monthly | Jan 2008 - Mar 2024 |
| Total Imports from China (USD mn) | 955.520 Mar 2024 | monthly | Jun 1988 - Mar 2024 |
| Terms of Trade Index (2000=100) | 128.240 Apr 2024 | monthly | Jan 1980 - Apr 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.2 Mar 2024 | monthly | Apr 1995 - Mar 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 (%) | 8.0 Apr 2024 | monthly | Dec 1980 - Apr 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 (%) | 14.244 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 11.6 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
| Gold Reserves (USD mn) | 347.900 Apr 2024 | monthly | Dec 1956 - Apr 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) | 80,697.4 Mar 2024 | monthly | Apr 1995 - Mar 2024 |
| Total Loans (USD mn) | 175,766.287 Mar 2024 | monthly | Apr 1995 - Mar 2024 |
| Total Loans Growth (%) | 1.60 Mar 2024 | monthly | Apr 1996 - Mar 2024 |
| Private Debt: % of Nominal GDP (%) | 42.53 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Monetary Base (COP bn) | 144,164.538 Apr 2024 | monthly | Jan 1980 - Apr 2024 |
| Money Supply: M3 (COP bn) | 818,387.126 Apr 2024 | monthly | Jan 1982 - Apr 2024 |
| Net International Reserves: Gross (USD mn) | 59,846.974 Apr 2024 | monthly | Jan 1960 - Apr 2024 |
| Net International Reserves: Gross: Gold (USD mn) | 347.900 Apr 2024 | monthly | Jan 1980 - Apr 2024 |
| Credits Institutions: Credit Balance Including Leasing: Gross (COP bn) | 675,346.805 Mar 2024 | monthly | Apr 1995 - Mar 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 2.5 Apr 2024 | monthly | Jan 1981 - Apr 2024 |
| IOS: Business Climate Indicators: Favorable Situation (%) | 70.200 Jan 2023 | monthly | Oct 2006 - Jan 2023 |
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National Accounts
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Quarterly
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real
SNA 1993: GDP: by Expenditure: 1994 Price
SNA 1993. GDP: by Expenditure: 2000 Price
SNA 1993: GDP: by Expenditure: Chain Linked 2005 Price: Annual
SNA 1993: GDP: by Expenditure: Current Price: Base 1994: Seasonally Adjusted
SNA 1993: GDP: by Expenditure: Current Price: Base 2005
SNA 1993: GDP: by Industry: 1994 Price: Seasonally Adjusted
SNA 1993: GDP: by Industry: Chain Linked 2005 Price: Annual
SNA 1993: GDP: by Industry: Current Price: Base 1994: Seasonally Adjusted
SNA 1993: GDP: by Industry: Current Price: Base 2005: Annual
SNA 1993: GDP: Gross Capital Formation: Base 1994
SNA 1993: GDP per Capita: Base 2000
Contribution to GDP
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: by Expenditure: Seasonally Adjusted: Annual
Gross Domestic Product: Deflator and Volume Index: Quarterly
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
SNA 1993: GDP: by Expenditure: 1994 Price: Seasonally Adjusted
SNA 1993: GDP: by Expenditure: 2000 Price: Seasonally Adjusted
SNA 1993: GDP: by Expenditure: Chain Linked 2005 Price: Seasonally Adjusted
SNA 1993. GDP: by Expenditure: Current Price: Base 2000: Seasonally Adjusted
SNA 1993: GDP: by Industry: 1994 Price
SNA 1993: GDP: by Industry: 2000 Price
SNA 1993: GDP: by Industry: Chain Linked 2005 Price: Seasonally Adjusted
SNA 1993: GDP: by Industry: Current Price: Base 2000
SNA 1993: GDP: by Industry: Current Price: Base 2005: Seasonally Adjusted
SNA 1993: GDP: Main Aggregates: Base 1994
SNA 1993: Gross National Disposable Income: Base 1994