Government Spending in Colombia increased to 34153.12 COP Billion in the fourth quarter of 2018 from 33223.94 COP Billion in the third quarter of 2018. Government Spending in Colombia averaged 21550.74 COP Billion from 2000 until 2018, reaching an all time high of 34153.12 COP Billion in the fourth quarter of 2018 and a record low of 11533 COP Billion in the first quarter of 2000.

Government Spending in Colombia is expected to be 34201.00 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 34254.00 in 12 months time. In the long-term, the Colombia Government Spending is projected to trend around 36552.00 COP Billion in 2020, according to our econometric models.

Colombia Government Spending
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Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 50.50 49.80 50.50 23.30 percent [+]
Government Budget -3.00 -4.00 0.23 -8.47 percent of GDP [+]
Government Budget Value -2927.63 -2622.44 9207.09 -10366.03 COP Billion [+]
Government Spending 34153.12 33223.94 34153.12 11533.00 COP Billion [+]
Government Revenues 12732.30 9547.01 18430.26 0.09 COP Billion [+]
Fiscal Expenditure 15659.93 12169.45 21733.48 0.12 COP Billion [+]
Credit Rating 52.04 [+]
Military Expenditure 8976.14 8675.98 8976.14 330.81 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. This page provides - Colombia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Spending - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
34153.12 33223.94 34153.12 11533.00 2000 - 2018 COP Billion Quarterly
Constant Prices, SA




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