Interest payments (% of expense) in Colombia
Colombia: Interest payments (% of expense) was 13.2% in 2023. ▼ Falling
Interest payments in Colombia, 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Colombia stood at 13.2%.
Compared with earlier readings it is down 1.8% on the previous year and up 79.2% over ten years.
Over the whole period, interest payments in Colombia peaked at 18.9% in 2000 and was at its lowest, 7.4%, in 2013.
Colombia ranks 37th of 152 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Interest payments (% of expense) in Colombia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1998 | 15.7% | — |
| 1999 | 15.5% | -1.5% |
| 2000 | 18.9% | +21.8% |
| 2003 | 17.3% | -8.5% |
| 2008 | 12.7% | -26.2% |
| 2009 | 13.1% | +2.8% |
| 2010 | 11.0% | -16.0% |
| 2011 | 10.8% | -2.1% |
| 2012 | 9.7% | -10.4% |
| 2013 | 7.4% | -23.8% |
| 2014 | 7.5% | +2.4% |
| 2015 | 8.8% | +16.5% |
| 2016 | 10.6% | +20.9% |
| 2017 | 10.6% | +0.2% |
| 2018 | 9.9% | -6.9% |
| 2019 | 10.3% | +4.1% |
| 2020 | 9.4% | -8.5% |
| 2021 | 10.3% | +9.3% |
| 2022 | 13.4% | +30.5% |
| 2023 | 13.2% | -1.8% |
Colombia compared with similar countries
- Colombia's 13.2% is above the median for upper middle income countries, which is 8.8%, 1.5× the median. (47 countries reporting)
- Colombia's 13.2% is above the median for Latin America & Caribbean, which is 10.3%, 1.3× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.6% | 15.5% | 15.7% | 2 |
| 2000s | 15.5% | 12.7% | 18.9% | 4 |
| 2010s | 9.7% | 7.4% | 11.0% | 10 |
| 2020s | 11.6% | 9.4% | 13.4% | 4 |
Countries ranked near Colombia
More public sector data for Colombia
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Frequently asked questions
- What is interest payments in Colombia?
- Interest payments in Colombia was 13.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Colombia?
- The highest recorded value was 18.9% in 2000.
- What is the lowest interest payments recorded in Colombia?
- The lowest recorded value was 7.4% in 2013.
- How does Colombia rank for interest payments?
- Colombia ranks 37th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Colombia?
- Over the last ten years it is up 79.2%. The long-run trend across the full record is falling.
- 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 Interest payments (% of expense). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.