Colombia: Government expenditure
* indicates monthly or quarterly data series
The most recent value is 61058.71 billion Colombian Peso as of Q2 2024, an increase compared to the previous value of 46929.95 billion Colombian Peso. Historically, the average for Colombia from Q1 2000 to Q2 2024 is 26154.37 billion Colombian Peso. The minimum of 8421 billion Colombian Peso was recorded in Q1 2000, while the maximum of 76932.73 billion Colombian Peso was reached in Q4 2023.
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* indicates monthly or quarterly data series
- Measure: billion Colombian Peso
- Source: Bank of the Republic Colombia
| Recent values | Colombia: Government expenditure, billion currency units |
|---|---|
| 2024 Q2 | 61058.71 |
| 2024 Q1 | 46929.95 |
| 2023 Q4 | 76932.73 |
| 2023 Q3 | 56418.75 |
| 2023 Q2 | 55517.06 |
| 2023 Q1 | 43128.46 |
| 2022 Q4 | 65666.87 |
| 2022 Q3 | 48694.76 |
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Definition: Total spending by all levels of government but excluding public enterprises.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 13.95 | 2022 | percent |
| Government spending, in dollars | 53.23 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.92 | 2023 | percent |
| Government debt | 60.30 | 2023 | percent |
| Government expenditure | 56,418.75 | Q3/2023 | billion |
| Long-term interest rate | 11.87 | 9/2023 | percent |
| Tax revenue | 15.35 | 2022 | percent |
| Commercial tax rate | 71.20 | 2019 | percent |
| Tax preparation time | 256 | 2019 | hours |
| Number of taxes | 10 | 2019 | taxes |
| Taxes on goods and services | 27.02 | 2022 | percent |
| Taxes on international trade | 1.67 | 2022 | percent |
| Income and profits taxes | 23.40 | 2022 | percent |
| Foreign aid | 1,914.81 | 2021 | million U.S. dollars |