Colombia: External debt, percent of Gross National Income
, 1970 - 2019:
For that indicator, we provide data for Colombia from 1970 to 2019. The average value for Colombia during that period was 32.53 percent with a minimum of 20.12 percent in 2008 and a maximum of 50.13 percent in 1987.
The latest value from 2019 is 44.24 percent. For comparison, the world average in 2019 based on 112
countries is 52.97 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The external debt of Colombia and other countries is reported as the total international obligations of the country as percent of its GDP. External debt of less than 60 percent of GDP is not a problem. At higher levels, paying the interest on the debt may start to become difficult.
Definition: Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.