Deficit, Percent of own spending (Central government) in Colombia
Colombia: Deficit, Percent of own spending (Central government) was -0.4706 in 2020. ◆ Volatile
Deficit, Percent of own spending in Colombia, 1998–2020
Source: International Monetary Fund.
Analysis
In 2020, deficit, percent of own spending in Colombia stood at -0.4706.
Compared with earlier readings it is down 190.6% on the previous year and down 87.9% over ten years.
Over the whole period, deficit, percent of own spending in Colombia peaked at -0.1247 in 2015 and was at its lowest, -0.6456, in 1999.
Colombia ranks 56th of 66 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Deficit, Percent of own spending (Central government) in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | -0.521 | — |
| 1999 | -0.6456 | +23.9% |
| 2000 | -0.5095 | -21.1% |
| 2013 | -0.2505 | -50.8% |
| 2014 | -0.3054 | +21.9% |
| 2015 | -0.1247 | -59.2% |
| 2016 | -0.1971 | +58.1% |
| 2017 | -0.1573 | -20.2% |
| 2018 | -0.2089 | +32.7% |
| 2019 | -0.162 | -22.5% |
| 2020 | -0.4706 | +190.6% |
Colombia compared with similar countries
- Colombia's -0.4706 is below the median for upper middle income countries, which is -0.3126, 1.5× the median. (26 countries reporting)
- Colombia's -0.4706 is below the median for Latin America & Caribbean, which is -0.3666, 1.3× the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.5833 | -0.6456 | -0.521 | 2 |
| 2000s | -0.5095 | -0.5095 | -0.5095 | 1 |
| 2010s | -0.2008 | -0.3054 | -0.1247 | 7 |
| 2020s | -0.4706 | -0.4706 | -0.4706 | 1 |
Countries ranked near Colombia
- 53 El Salvador -0.4397 compare
- 54 Switzerland -0.4467 compare
- 55 South Africa -0.4653 compare
- 57 North Macedonia -0.4871 compare
- 58 Moldova -0.4902 compare
- 59 Indonesia -0.54 compare
More public sector data for Colombia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 22.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is deficit, percent of own spending in Colombia?
- Deficit, percent of own spending in Colombia was -0.4706 in 2020, according to International Monetary Fund.
- What is the highest deficit, percent of own spending recorded in Colombia?
- The highest recorded value was -0.1247 in 2015.
- What is the lowest deficit, percent of own spending recorded in Colombia?
- The lowest recorded value was -0.6456 in 1999.
- How does Colombia rank for deficit, percent of own spending?
- Colombia ranks 56th out of 66 countries with data for 2020.
- Is deficit, percent of own spending rising or falling in Colombia?
- Over the last ten years it is down 87.9%. The long-run trend across the full record is volatile.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund, published as part of Deficit, Percent of own spending (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.