Debt service as a share of exports of good and services in Colombia
Colombia: Debt service as a share of exports of good and services was 18.1% in 2023. ▼ Falling
Latest (2023)
18.1%
Change on year
up 61.9%
World rank
11th
of 116 countries
All-time high
34.1%
in 2003
All-time low
5.9%
in 2013
Years of data
24
2000–2023
Debt service as a share of exports of good and services in Colombia, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for debt service as a share of exports of good and services in Colombia is 18.1%, measured in 2023.
The figure is up 61.9% on the previous year and up 204.4% over ten years.
Over the whole period, debt service as a share of exports of good and services in Colombia peaked at 34.1% in 2003 and was at its lowest, 5.9%, in 2013.
Colombia ranks 11th of 116 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 24 years of available data.
Debt service as a share of exports of good and services in Colombia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 20.9% | — |
| 2001 | 27.8% | +32.8% |
| 2002 | 32.8% | +17.8% |
| 2003 | 34.1% | +4.2% |
| 2004 | 18.4% | -46.1% |
| 2005 | 26.1% | +42.1% |
| 2006 | 16.9% | -35.4% |
| 2007 | 13.0% | -22.8% |
| 2008 | 9.4% | -27.6% |
| 2009 | 9.2% | -2.2% |
| 2010 | 9.1% | -1.0% |
| 2011 | 6.5% | -28.3% |
| 2012 | 6.9% | +5.8% |
| 2013 | 5.9% | -14.3% |
| 2014 | 7.6% | +28.8% |
| 2015 | 9.4% | +23.3% |
| 2016 | 12.2% | +29.8% |
| 2017 | 18.7% | +52.8% |
| 2018 | 17.2% | -7.8% |
| 2019 | 14.5% | -15.7% |
| 2020 | 16.5% | +13.8% |
| 2021 | 23.6% | +42.4% |
| 2022 | 11.2% | -52.7% |
| 2023 | 18.1% | +61.9% |
Colombia compared with similar countries
- Colombia's 18.1% is above the median for upper middle income countries, which is 7.6%, 2.4× the median. (50 countries reporting)
- Colombia's 18.1% is above the median for Latin America & Caribbean, which is 7.7%, 2.4× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.9% | 9.2% | 34.1% | 10 |
| 2010s | 10.8% | 5.9% | 18.7% | 10 |
| 2020s | 17.3% | 11.2% | 23.6% | 4 |
Countries ranked near Colombia
- 8 Guinea-Bissau 18.8% compare
- 9 Benin 18.5% compare
- 10 El Salvador 18.4% compare
- 12 Côte d'Ivoire 17.8% compare
- 13 Dominica 17.2% compare
- 14 Cameroon 17.2% compare
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 debt service as a share of exports of good and services in Colombia?
- Debt service as a share of exports of good and services in Colombia was 18.1% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in Colombia?
- The highest recorded value was 34.1% in 2003.
- What is the lowest debt service as a share of exports of good and services recorded in Colombia?
- The lowest recorded value was 5.9% in 2013.
- How does Colombia rank for debt service as a share of exports of good and services?
- Colombia ranks 11th out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services rising or falling in Colombia?
- Over the last ten years it is up 204.4%. The long-run trend across the full record is falling.
- Where does this Colombia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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About this data
Debt service as a proportion of exports of goods, services and primary income (%).