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.
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
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Tax revenue 15.2% (2024)
- Taxes on income, profits and capital gains 24.1% (2024)
- Taxes on goods and services 24.3% (2024)
- Net investment in nonfinancial assets 0.8% (2024)
- Net lending (+) / net borrowing (-) -4.6% (2024)
- Interest payments 13.9% (2024)
- Grants and other revenue 28.4% (2024)
- Interest payments 13.2% (2023)
- Other taxes 1.8% (2024)
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.