Expense in Colombia
Colombia: Expense was 528.23 trillion current LCU in 2023. ◆ Volatile
Expense in Colombia, 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for expense in Colombia is 528.23 trillion current LCU, measured in 2023. That is the highest value across all 20 years on record.
That represents a change of up 10.9% on the previous year and up 122.2% over ten years.
Over the whole period, expense in Colombia peaked at 528.23 trillion current LCU in 2023 and was at its lowest, 27.14 trillion current LCU, in 1998.
Colombia ranks 4th of 157 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Expense in Colombia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1998 | 27.14 trillion current LCU | — |
| 1999 | 33.53 trillion current LCU | +23.5% |
| 2000 | 35.31 trillion current LCU | +5.3% |
| 2003 | 75.23 trillion current LCU | +113.0% |
| 2008 | 117.08 trillion current LCU | +55.6% |
| 2009 | 124.04 trillion current LCU | +5.9% |
| 2010 | 138.22 trillion current LCU | +11.4% |
| 2011 | 149.96 trillion current LCU | +8.5% |
| 2012 | 166.85 trillion current LCU | +11.3% |
| 2013 | 237.69 trillion current LCU | +42.5% |
| 2014 | 230.11 trillion current LCU | -3.2% |
| 2015 | 215.78 trillion current LCU | -6.2% |
| 2016 | 247.31 trillion current LCU | +14.6% |
| 2017 | 253.18 trillion current LCU | +2.4% |
| 2018 | 296.06 trillion current LCU | +16.9% |
| 2019 | 331.85 trillion current LCU | +12.1% |
| 2020 | 364.99 trillion current LCU | +10.0% |
| 2021 | 425.34 trillion current LCU | +16.5% |
| 2022 | 476.50 trillion current LCU | +12.0% |
| 2023 | 528.23 trillion current LCU | +10.9% |
Colombia compared with similar countries
- Colombia's 528.23 trillion current LCU is above the median for upper middle income countries, which is 310.25 billion current LCU, 1702.6× the median. (47 countries reporting)
- Colombia's 528.23 trillion current LCU is above the median for Latin America & Caribbean, which is 110.36 billion current LCU, 4786.5× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Expense in Colombia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +113.0% | 35.31 trillion current LCU | 75.23 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 30.33 trillion current LCU | 27.14 trillion current LCU | 33.53 trillion current LCU | 2 |
| 2000s | 87.92 trillion current LCU | 35.31 trillion current LCU | 124.04 trillion current LCU | 4 |
| 2010s | 226.70 trillion current LCU | 138.22 trillion current LCU | 331.85 trillion current LCU | 10 |
| 2020s | 448.76 trillion current LCU | 364.99 trillion current LCU | 528.23 trillion current LCU | 4 |
Countries ranked near Colombia
More public sector data for Colombia
- Democracy, 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)
- Elected parliament, 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)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is expense in Colombia?
- Expense in Colombia was 528.23 trillion current LCU 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 528.23 trillion current LCU in 2023.
- What is the lowest expense recorded in Colombia?
- The lowest recorded value was 27.14 trillion current LCU in 1998.
- How does Colombia rank for expense?
- Colombia ranks 4th out of 157 countries with data for 2023.
- Is expense rising or falling in Colombia?
- Over the last ten years it is up 122.2%. The long-run trend across the full record is volatile.
- 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 (current LCU). 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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.