Expense in Colombia
Colombia: Expense was 33.3% in 2023. ▲ Rising
Expense in Colombia, 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for expense in Colombia is 33.3%, measured in 2023.
That represents a change of up 2.7% on the previous year and down 0.0% over ten years.
Over the whole period, expense in Colombia peaked at 36.6% in 2020 and was at its lowest, 16.9%, in 2000.
Colombia ranks 49th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Expense in Colombia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1998 | 19.3% | — |
| 1999 | 22.1% | +14.5% |
| 2000 | 16.9% | -23.4% |
| 2003 | 27.6% | +63.1% |
| 2008 | 24.6% | -11.1% |
| 2009 | 24.7% | +0.7% |
| 2010 | 25.4% | +2.7% |
| 2011 | 24.2% | -4.6% |
| 2012 | 25.0% | +3.3% |
| 2013 | 33.3% | +33.0% |
| 2014 | 30.2% | -9.4% |
| 2015 | 26.8% | -11.1% |
| 2016 | 28.6% | +6.8% |
| 2017 | 27.5% | -3.9% |
| 2018 | 30.0% | +9.0% |
| 2019 | 31.3% | +4.4% |
| 2020 | 36.6% | +16.8% |
| 2021 | 35.7% | -2.4% |
| 2022 | 32.4% | -9.2% |
| 2023 | 33.3% | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.7% | 19.3% | 22.1% | 2 |
| 2000s | 23.5% | 16.9% | 27.6% | 4 |
| 2010s | 28.2% | 24.2% | 33.3% | 10 |
| 2020s | 34.5% | 32.4% | 36.6% | 4 |
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)
- GDP (current US$), annual growth rate 8.78 % change on previous year (2025)
- GDP (current US$), per capita 8,562 current US$ per person (2025)
- GDP (current LCU), annual growth rate 8.21 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 4,053 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 34.70 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 2.64 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8147 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 6,976 constant 2015 US$ per person (2025)
Frequently asked questions
- What is expense in Colombia?
- Expense in Colombia was 33.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Colombia?
- The highest recorded value was 36.6% in 2020.
- What is the lowest expense recorded in Colombia?
- The lowest recorded value was 16.9% in 2000.
- How does Colombia rank for expense?
- Colombia ranks 49th out of 157 countries with data for 2023.
- Is expense rising or falling in Colombia?
- Over the last ten years it is down 0.0%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.