Current account balance as a share of GDP in Colombia
Colombia: Current account balance as a share of GDP was -1.6% in 2024. ◆ Volatile
Current account balance as a share of GDP in Colombia, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Colombia is -1.6%, measured in 2024.
The figure is up 27.4% on the previous year and up 68.5% over ten years.
Over the whole period, current account balance as a share of gdp in Colombia peaked at 0.8% in 2000 and was at its lowest, -6.4%, in 2015.
Colombia ranks 109th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a share of GDP in Colombia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 0.8% | — |
| 2001 | -1.1% | -224.7% |
| 2002 | -1.3% | +24.5% |
| 2003 | -1.0% | -27.3% |
| 2004 | -0.7% | -31.2% |
| 2005 | -1.3% | +103.0% |
| 2006 | -1.9% | +38.1% |
| 2007 | -3.0% | +61.1% |
| 2008 | -2.7% | -10.1% |
| 2009 | -1.9% | -28.7% |
| 2010 | -3.0% | +57.1% |
| 2011 | -2.9% | -3.0% |
| 2012 | -3.1% | +7.9% |
| 2013 | -3.2% | +3.2% |
| 2014 | -5.2% | +60.5% |
| 2015 | -6.4% | +22.5% |
| 2016 | -4.5% | -30.1% |
| 2017 | -3.2% | -28.5% |
| 2018 | -4.2% | +32.1% |
| 2019 | -4.6% | +9.0% |
| 2020 | -3.4% | -25.1% |
| 2021 | -5.6% | +64.4% |
| 2022 | -6.0% | +6.9% |
| 2023 | -2.3% | -62.5% |
| 2024 | -1.6% | -27.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.4% | -3.0% | 0.8% | 10 |
| 2010s | -4.0% | -6.4% | -2.9% | 10 |
| 2020s | -3.8% | -6.0% | -1.6% | 5 |
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)
- Industry (including construction), value added (constant 2015 US$) -0.6815 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1757 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,504 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -0.6815 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 481.77 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 4.12 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 10.47 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5851 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Colombia?
- Current account balance as a share of gdp in Colombia was -1.6% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Colombia?
- The highest recorded value was 0.8% in 2000.
- What is the lowest current account balance as a share of gdp recorded in Colombia?
- The lowest recorded value was -6.4% in 2015.
- How does Colombia rank for current account balance as a share of gdp?
- Colombia ranks 109th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Colombia?
- Over the last ten years it is up 68.5%. The long-run trend across the full record is volatile.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).