Government Spending in Colombia decreased to 33314.37 COP Billion in the first quarter of 2019 from 34153.12 COP Billion in the fourth quarter of 2018. Government Spending in Colombia averaged 21703.52 COP Billion from 2000 until 2019, 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 33543.00 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 35246.00 in 12 months time. In the long-term, the Colombia Government Spending is projected to trend around 37720.00 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 -3.10 -3.60 0.23 -8.47 percent of GDP [+]
Government Budget Value 1718.46 -3875.47 9207.09 -10366.03 COP Billion [+]
Government Spending 33314.37 34153.12 34153.12 11533.00 COP Billion [+]
Government Revenues 16659.63 12645.57 18430.26 0.09 COP Billion [+]
Fiscal Expenditure 14941.17 16521.04 20437.08 0.12 COP Billion [+]
Credit Rating 52.04 [+]
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. 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
33314.37 34153.12 34153.12 11533.00 2000 - 2019 COP Billion Quarterly
Constant Prices, SA




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