Adjusted savings: education expenditure in Colombia
Colombia: Adjusted savings: education expenditure was 13.34 billion current US$ in 2021. ◆ Volatile
Latest (2021)
13.34 billion current US$
Change on year
up 15.5%
World rank
39th
of 195 countries
All-time high
13.54 billion current US$
in 2013
All-time low
122.19 million current US$
in 1970
Years of data
52
1970–2021
Adjusted savings: education expenditure in Colombia, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for adjusted savings: education expenditure in Colombia is 13.34 billion current US$, measured in 2021.
That represents a change of up 15.5% on the previous year and up 27.6% over ten years.
Over the whole period, adjusted savings: education expenditure in Colombia peaked at 13.54 billion current US$ in 2013 and was at its lowest, 122.19 million current US$, in 1970.
That places Colombia 39th out of 195 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: education expenditure in Colombia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 122.19 million current US$ | — |
| 1971 | 132.97 million current US$ | +8.8% |
| 1972 | 147.39 million current US$ | +10.8% |
| 1973 | 175.75 million current US$ | +19.2% |
| 1974 | 211.93 million current US$ | +20.6% |
| 1975 | 222.23 million current US$ | +4.9% |
| 1976 | 260.64 million current US$ | +17.3% |
| 1977 | 333.14 million current US$ | +27.8% |
| 1978 | 366.77 million current US$ | +10.1% |
| 1979 | 470.04 million current US$ | +28.2% |
| 1980 | 563.64 million current US$ | +19.9% |
| 1981 | 897.60 million current US$ | +59.3% |
| 1982 | 1.03 billion current US$ | +15.1% |
| 1983 | 1.09 billion current US$ | +5.3% |
| 1984 | 1.06 billion current US$ | -2.2% |
| 1985 | 963.36 million current US$ | -9.4% |
| 1986 | 896.25 million current US$ | -7.0% |
| 1987 | 859.58 million current US$ | -4.1% |
| 1988 | 974.16 million current US$ | +13.3% |
| 1989 | 1.01 billion current US$ | +3.2% |
| 1990 | 1.05 billion current US$ | +4.2% |
| 1991 | 1.04 billion current US$ | -1.1% |
| 1992 | 1.80 billion current US$ | +73.5% |
| 1993 | 1.74 billion current US$ | -3.1% |
| 1994 | 2.01 billion current US$ | +15.2% |
| 1995 | 2.27 billion current US$ | +13.3% |
| 1996 | 2.57 billion current US$ | +13.0% |
| 1997 | 3.23 billion current US$ | +25.8% |
| 1998 | 2.99 billion current US$ | -7.3% |
| 1999 | 2.87 billion current US$ | -4.2% |
| 2000 | 3.59 billion current US$ | +25.0% |
| 2001 | 3.79 billion current US$ | +5.7% |
| 2002 | 4.05 billion current US$ | +6.8% |
| 2003 | 3.79 billion current US$ | -6.5% |
| 2004 | 4.57 billion current US$ | +20.5% |
| 2005 | 5.82 billion current US$ | +27.4% |
| 2006 | 6.26 billion current US$ | +7.6% |
| 2007 | 7.43 billion current US$ | +18.7% |
| 2008 | 8.28 billion current US$ | +11.4% |
| 2009 | 8.84 billion current US$ | +6.8% |
| 2010 | 10.77 billion current US$ | +21.8% |
| 2011 | 10.46 billion current US$ | -2.9% |
| 2012 | 11.38 billion current US$ | +8.8% |
| 2013 | 13.54 billion current US$ | +19.0% |
| 2014 | 12.85 billion current US$ | -5.1% |
| 2015 | 9.81 billion current US$ | -23.6% |
| 2016 | 9.81 billion current US$ | +0.0% |
| 2017 | 10.77 billion current US$ | +9.8% |
| 2018 | 12.99 billion current US$ | +20.6% |
| 2019 | 12.37 billion current US$ | -4.8% |
| 2020 | 11.55 billion current US$ | -6.6% |
| 2021 | 13.34 billion current US$ | +15.5% |
Colombia compared with similar countries
- Colombia's 13.34 billion current US$ is above the median for upper middle income countries, which is 1.29 billion current US$, 10.3× the median. (55 countries reporting)
- Colombia's 13.34 billion current US$ is above the median for Latin America & Caribbean, which is 967.45 million current US$, 13.8× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 244.30 million current US$ | 122.19 million current US$ | 470.04 million current US$ | 10 |
| 1980s | 934.50 million current US$ | 563.64 million current US$ | 1.09 billion current US$ | 10 |
| 1990s | 2.16 billion current US$ | 1.04 billion current US$ | 3.23 billion current US$ | 10 |
| 2000s | 5.64 billion current US$ | 3.59 billion current US$ | 8.84 billion current US$ | 10 |
| 2010s | 11.48 billion current US$ | 9.81 billion current US$ | 13.54 billion current US$ | 10 |
| 2020s | 12.45 billion current US$ | 11.55 billion current US$ | 13.34 billion current US$ | 2 |
Countries ranked near Colombia
More economy & growth data for Colombia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.41 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 4.82 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0105 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 90.31 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.57 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -15.44 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0253 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 216.58 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.31 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in Colombia?
- Adjusted savings: education expenditure in Colombia was 13.34 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Colombia?
- The highest recorded value was 13.54 billion current US$ in 2013.
- What is the lowest adjusted savings: education expenditure recorded in Colombia?
- The lowest recorded value was 122.19 million current US$ in 1970.
- How does Colombia rank for adjusted savings: education expenditure?
- Colombia ranks 39th out of 195 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Colombia?
- Over the last ten years it is up 27.6%. The long-run trend across the full record is volatile.
- Where does this Colombia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: education expenditure (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.