Budget balance — all countries

Budget balance — Colombia

Budget balance in Colombia in 2031 — -2.4%. Ranked 95 in the world out of 188. Since 1982, the indicator has risen by 1.9 pp.

2031 -2.4% +0 pp vs 2030
World rank 95of 188
Period maximum 0.3%1991
Period minimum -7.3%2021

Trend over time

1982–2031 · % of GDP

Budget balance — Colombia, 1982–2031-8-6-4-202198219871992199720022007201220172022202720311982: -4.3%1983: -3.8%1984: -3.9%1985: -2.5%1986: -1.9%1987: -0.6%1988: -0.9%1989: -1.5%1990: -0.4%1991: 0.3%1992: -0.1%1993: -0.2%1994: -0.1%1995: -1%1996: -2.5%1997: -3.2%1998: -3.9%1999: -5.4%2000: -2.9%2001: -2.7%2002: -3.5%2003: -2.7%2004: -1.3%2005: 0%2006: -1%2007: -0.8%2008: 0%2009: -2.7%2010: -3.3%2011: -2%2012: 0.2%2013: -1%2014: -1.7%2015: -3.5%2016: -2.3%2017: -2.5%2018: -4.7%2019: -3.5%2020: -7.1%2021: -7.3%2022: -6.4%2023: -2.9%2024: -6%2025: -5.7%2026: -5.2%2027: -4.3%2028: -2.7%2029: -2.5%2030: -2.4%2031: -2.4%
Change over the period: +1.9 pp Annual average: 0.04 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Colombia

Colombia -2.4%
World computed -4.85%
Latin America & Caribbean computed -3.31%
South America computed -3.77%
Budget balance — Colombia, by year Colombia All countries CSV XLSX
Year % Change, pp
2031 -2.4 +0 pp
2030 -2.4 +0.1 pp
2029 -2.5 +0.2 pp
2028 -2.7 +1.6 pp
2027 -4.3 +0.9 pp
2026 -5.2 +0.5 pp
2025 -5.7 +0.3 pp
2024 -6 −3.1 pp
2023 -2.9 +3.5 pp
2022 -6.4 +0.9 pp
2021 -7.3 −0.2 pp
2020 -7.1 −3.6 pp
2019 -3.5 +1.2 pp
2018 -4.7 −2.2 pp
2017 -2.5 −0.2 pp
2016 -2.3 +1.2 pp
2015 -3.5 −1.8 pp
2014 -1.7 −0.7 pp
2013 -1 −1.2 pp
2012 0.2 +2.2 pp
2011 -2 +1.3 pp
2010 -3.3 −0.6 pp
2009 -2.7 −2.7 pp
2008 0 +0.8 pp
2007 -0.8 +0.2 pp
2006 -1 −1 pp
2005 0 +1.3 pp
2004 -1.3 +1.4 pp
2003 -2.7 +0.8 pp
2002 -3.5 −0.8 pp
2001 -2.7 +0.2 pp
2000 -2.9 +2.5 pp
1999 -5.4 −1.5 pp
1998 -3.9 −0.7 pp
1997 -3.2 −0.7 pp
1996 -2.5 −1.5 pp
1995 -1 −0.9 pp
1994 -0.1 +0.1 pp
1993 -0.2 −0.1 pp
1992 -0.1 −0.4 pp
1991 0.3 +0.7 pp
1990 -0.4 +1.1 pp
1989 -1.5 −0.6 pp
1988 -0.9 −0.3 pp
1987 -0.6 +1.3 pp
1986 -1.9 +0.6 pp
1985 -2.5 +1.4 pp
1984 -3.9 −0.1 pp
1983 -3.8 +0.5 pp
1982 -4.3

South America, 2031

The same indicator for neighboring countries — with links to their pages

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.