Goods and services expense (current LCU) in Colombia
Colombia: Goods and services expense (current LCU) was 47.56 trillion current LCU in 2024. ◆ Volatile
Goods and services expense in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Colombia is 47.56 trillion current LCU, measured in 2024. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 12.1% on the previous year and up 55.2% over ten years.
Over the whole period, goods and services expense in Colombia peaked at 47.56 trillion current LCU in 2024 and was at its lowest, 2.76 trillion current LCU, in 2000.
Colombia ranks 4th of 155 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense (current LCU) in Colombia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1998 | 2.79 trillion current LCU | — |
| 1999 | 3.09 trillion current LCU | +10.6% |
| 2000 | 2.76 trillion current LCU | -10.6% |
| 2003 | 6.77 trillion current LCU | +145.6% |
| 2008 | 12.51 trillion current LCU | +84.7% |
| 2009 | 13.05 trillion current LCU | +4.3% |
| 2010 | 14.57 trillion current LCU | +11.7% |
| 2011 | 15.04 trillion current LCU | +3.2% |
| 2012 | 29.99 trillion current LCU | +99.4% |
| 2013 | 36.19 trillion current LCU | +20.7% |
| 2014 | 30.64 trillion current LCU | -15.3% |
| 2015 | 30.89 trillion current LCU | +0.8% |
| 2016 | 24.75 trillion current LCU | -19.9% |
| 2017 | 33.15 trillion current LCU | +33.9% |
| 2018 | 32.88 trillion current LCU | -0.8% |
| 2019 | 30.51 trillion current LCU | -7.2% |
| 2020 | 29.80 trillion current LCU | -2.3% |
| 2021 | 32.76 trillion current LCU | +9.9% |
| 2022 | 40.02 trillion current LCU | +22.2% |
| 2023 | 42.44 trillion current LCU | +6.1% |
| 2024 | 47.56 trillion current LCU | +12.1% |
Colombia compared with similar countries
- Colombia's 47.56 trillion current LCU is above the median for upper middle income countries, which is 38.49 billion current LCU, 1235.6× the median. (46 countries reporting)
- Colombia's 47.56 trillion current LCU is above the median for Latin America & Caribbean, which is 14.98 billion current LCU, 3175.0× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense (current LCU) 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 | +145.6% | 2.76 trillion current LCU | 6.77 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.94 trillion current LCU | 2.79 trillion current LCU | 3.09 trillion current LCU | 2 |
| 2000s | 8.77 trillion current LCU | 2.76 trillion current LCU | 13.05 trillion current LCU | 4 |
| 2010s | 27.86 trillion current LCU | 14.57 trillion current LCU | 36.19 trillion current LCU | 10 |
| 2020s | 38.52 trillion current LCU | 29.80 trillion current LCU | 47.56 trillion current LCU | 5 |
Countries ranked near Colombia
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 goods and services expense in Colombia?
- Goods and services expense in Colombia was 47.56 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Colombia?
- The highest recorded value was 47.56 trillion current LCU in 2024.
- What is the lowest goods and services expense recorded in Colombia?
- The lowest recorded value was 2.76 trillion current LCU in 2000.
- How does Colombia rank for goods and services expense?
- Colombia ranks 4th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Colombia?
- Over the last ten years it is up 55.2%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.