Goods and services expense in Colombia
Colombia: Goods and services expense was 8.0% in 2023. ▬ Flat
Goods and services expense in Colombia, 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Colombia recorded 8.0% for goods and services expense in 2023.
That represents a change of down 4.3% on the previous year and down 47.2% over ten years.
Over the whole period, goods and services expense in Colombia peaked at 18.0% in 2012 and was at its lowest, 7.7%, in 2021.
Colombia ranks 122nd of 154 countries on this measure, in the bottom quarter.
Goods and services expense in Colombia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1998 | 10.3% | — |
| 1999 | 9.2% | -10.5% |
| 2000 | 7.8% | -15.1% |
| 2003 | 9.0% | +15.3% |
| 2008 | 10.7% | +18.7% |
| 2009 | 10.5% | -1.6% |
| 2010 | 10.5% | +0.2% |
| 2011 | 10.0% | -4.8% |
| 2012 | 18.0% | +79.2% |
| 2013 | 15.2% | -15.3% |
| 2014 | 13.3% | -12.5% |
| 2015 | 14.3% | +7.5% |
| 2016 | 10.0% | -30.1% |
| 2017 | 13.1% | +30.8% |
| 2018 | 11.1% | -15.2% |
| 2019 | 9.2% | -17.2% |
| 2020 | 8.2% | -11.2% |
| 2021 | 7.7% | -5.7% |
| 2022 | 8.4% | +9.0% |
| 2023 | 8.0% | -4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.7% | 9.2% | 10.3% | 2 |
| 2000s | 9.5% | 7.8% | 10.7% | 4 |
| 2010s | 12.5% | 9.2% | 18.0% | 10 |
| 2020s | 8.1% | 7.7% | 8.4% | 4 |
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 goods and services expense in Colombia?
- Goods and services expense in Colombia was 8.0% in 2023, 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 18.0% in 2012.
- What is the lowest goods and services expense recorded in Colombia?
- The lowest recorded value was 7.7% in 2021.
- How does Colombia rank for goods and services expense?
- Colombia ranks 122nd out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Colombia?
- Over the last ten years it is down 47.2%. The long-run trend across the full record is flat.
- 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 (% of expense). Statizoid updates them automatically from the source API.
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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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.