Government Spending in Colombia increased to 34604.37 COP Billion in the third quarter of 2019 from 34189.16 COP Billion in the second quarter of 2019. Government Spending in Colombia averaged 22018.97 COP Billion from 2000 until 2019, reaching an all time high of 34604.37 COP Billion in the third quarter of 2019 and a record low of 11533 COP Billion in the first quarter of 2000. source: Dane, Colombia

Government Spending in Colombia is expected to be 34172.00 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 35746.00 in 12 months time. In the long-term, the Colombia Government Spending is projected to trend around 38218.00 COP Billion in 2020, according to our econometric models.

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Colombia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
34604.37 34189.16 34604.37 11533.00 2000 - 2019 COP Billion Quarterly
Constant Prices, SA

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.

Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 50.50 49.80 50.50 23.30 percent [+]
Government Budget -3.10 -3.60 0.23 -8.47 percent of GDP [+]
Government Budget Value -4565.56 4261.77 9207.09 -10366.03 COP Billion [+]
Government Spending 34604.37 34189.16 34604.37 11533.00 COP Billion [+]
Government Revenues 9200.62 19932.08 19932.08 0.09 COP Billion [+]
Fiscal Expenditure 13766.18 15670.31 20437.08 0.12 COP Billion [+]
Credit Rating 58.00 [+]
Military Expenditure 10303.00 10018.00 10303.00 358.00 USD Million [+]