Annual government expenditure by function (COFOG) — Gross capital in Colombia
Colombia: Annual government expenditure by function (COFOG) — Gross capital was 48.40 million National currency in 2024. ▲ Rising
Annual government expenditure by function (COFOG) — Gross capital in Colombia, 2009–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
The most recent figure for annual government expenditure by function (cofog) — gross capital in Colombia is 48.40 million National currency, measured in 2024. That is the highest value across all 16 years on record.
The figure is up 81.2% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross capital in Colombia peaked at 48.40 million National currency in 2023 and was at its lowest, 14.11 million National currency, in 2010.
That places Colombia 1st out of 28 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 16 years of available data.
Annual government expenditure by function (COFOG) — Gross capital in Colombia, year by year
| Year | National currency | Change |
|---|---|---|
| 2009 | 15.61 million National currency | — |
| 2010 | 14.11 million National currency | -9.6% |
| 2011 | 19.71 million National currency | +39.7% |
| 2012 | 23.51 million National currency | +19.3% |
| 2013 | 25.59 million National currency | +8.9% |
| 2014 | 26.71 million National currency | +4.4% |
| 2015 | 27.73 million National currency | +3.8% |
| 2016 | 29.31 million National currency | +5.7% |
| 2017 | 28.27 million National currency | -3.6% |
| 2018 | 36.10 million National currency | +27.7% |
| 2019 | 36.37 million National currency | +0.7% |
| 2020 | 27.04 million National currency | -25.6% |
| 2021 | 27.98 million National currency | +3.5% |
| 2022 | 38.65 million National currency | +38.1% |
| 2023 | 48.40 million National currency | +25.2% |
| 2024 | 48.40 million National currency | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.61 million National currency | 15.61 million National currency | 15.61 million National currency | 1 |
| 2010s | 26.74 million National currency | 14.11 million National currency | 36.37 million National currency | 10 |
| 2020s | 38.10 million National currency | 27.04 million National currency | 48.40 million National currency | 5 |
Countries ranked near Colombia
More public sector data for Colombia
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.3593 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 533.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 19.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 285.45 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0359 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 40.05 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 15.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2.7 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is annual government expenditure by function (cofog) — gross capital in Colombia?
- Annual government expenditure by function (cofog) — gross capital in Colombia was 48.40 million National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross capital recorded in Colombia?
- The highest recorded value was 48.40 million National currency in 2023.
- What is the lowest annual government expenditure by function (cofog) — gross capital recorded in Colombia?
- The lowest recorded value was 14.11 million National currency in 2010.
- How does Colombia rank for annual government expenditure by function (cofog) — gross capital?
- Colombia ranks 1st out of 28 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross capital rising or falling in Colombia?
- Over the last ten years it is up 81.2%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross capital formation and acquisitions less disposals of non-produced assets. Statizoid updates them automatically from the source API.
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About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org