Government Spending in Colombia increased to 35517.50 COP Billion in the first quarter of 2020 from 35422.70 COP Billion in the fourth quarter of 2019.

Government Spending in Colombia averaged 22400.12 COP Billion from 2000 until 2020, reaching an all time high of 35517.50 COP Billion in the first quarter of 2020 and a record low of 11533 COP Billion in the first quarter of 2000. This page provides - Colombia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Spending - values, historical data and charts - was last updated on July of 2020. source: Dane, Colombia

Government Spending in Colombia is expected to be 34315.00 COP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Colombia to stand at 36263.00 in 12 months time. In the long-term, the Colombia Government Spending is projected to trend around 36008.00 COP Billion in 2021 and 37232.00 COP Billion in 2022, according to our econometric models.

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Colombia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
35517.50 35422.70 35517.50 11533.00 2000 - 2020 COP Billion Quarterly
Constant Prices, SA

Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.40 48.60 48.60 23.30 percent [+]
Government Budget -2.50 -3.10 0.23 -8.47 percent of GDP [+]
Government Budget Value 327.26 -4448.40 9207.09 -10366.03 COP Billion [+]
Government Spending 35517.50 35422.70 35517.50 11533.00 COP Billion [+]
Government Revenues 18502.67 11066.18 19932.08 0.09 COP Billion [+]
Fiscal Expenditure 18175.41 15514.58 23023.60 0.12 COP Billion [+]
Credit Rating 57.00 [+]
Military Expenditure 10303.00 10018.00 10303.00 358.00 USD Million [+]


Colombia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.