Colombia: Government expenditure

* indicates monthly or quarterly data series
The most recent value is 58388.53 billion Colombian Peso as of Q3 2024, a decline compared to the previous value of 62936.59 billion Colombian Peso. Historically, the average for Colombia from Q1 2000 to Q3 2024 is 26501.68 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. Click on the following link to see the values of: Government expenditure around the world.
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* indicates monthly or quarterly data series

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Recent values Colombia: Government expenditure, billion currency units
2024  Q3 58388.53
2024  Q2 62936.59
2024  Q1 47201.44
2023  Q4 76932.73
2023  Q3 56418.75
2023  Q2 55517.06
2023  Q1 43128.46
2022  Q4 65666.87


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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 14.64 2023 percent
 Government spending, in dollars 53.63 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -2.92 2023 percent
 Government debt 60.30 2023 percent
 Government expenditure 58,388.53 Q3/2024 billion
 Long-term interest rate 11.69 12/2024 percent
 Tax revenue 15.28 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 37.90 2022 percent
 Taxes on international trade 2.34 2022 percent
 Income and profits taxes 32.81 2022 percent
 Foreign aid 1,883.31 2022 million U.S. dollars
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