Net incurrence of liabilities, total in Colombia
Colombia: Net incurrence of liabilities, total was 99.03 trillion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net incurrence of liabilities, total in Colombia stood at 99.03 trillion current LCU.
Compared with earlier readings it is up 17.4% on the previous year and up 255.5% over ten years.
Over the whole period, net incurrence of liabilities, total in Colombia peaked at 119.67 trillion current LCU in 2020 and was at its lowest, -16.76 trillion current LCU, in 2011.
Colombia ranks 1st of 136 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Colombia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1998 | 7.59 trillion current LCU | — |
| 1999 | 11.40 trillion current LCU | +50.1% |
| 2000 | 9.33 trillion current LCU | -18.1% |
| 2003 | 17.43 trillion current LCU | +86.7% |
| 2008 | 6.51 trillion current LCU | -62.7% |
| 2009 | 21.49 trillion current LCU | +230.2% |
| 2010 | 38.55 trillion current LCU | +79.4% |
| 2011 | -16.76 trillion current LCU | -143.5% |
| 2012 | 31.17 trillion current LCU | -286.0% |
| 2013 | 41.04 trillion current LCU | +31.7% |
| 2014 | 27.86 trillion current LCU | -32.1% |
| 2015 | 28.79 trillion current LCU | +3.3% |
| 2016 | 43.66 trillion current LCU | +51.7% |
| 2017 | 23.85 trillion current LCU | -45.4% |
| 2018 | 40.67 trillion current LCU | +70.5% |
| 2019 | 30.58 trillion current LCU | -24.8% |
| 2020 | 119.67 trillion current LCU | +291.3% |
| 2021 | 84.86 trillion current LCU | -29.1% |
| 2022 | 81.26 trillion current LCU | -4.2% |
| 2023 | 84.35 trillion current LCU | +3.8% |
| 2024 | 99.03 trillion current LCU | +17.4% |
Colombia compared with similar countries
- Colombia's 99.03 trillion current LCU is above the median for upper middle income countries, which is 48.87 billion current LCU, 2026.2× the median. (47 countries reporting)
- Colombia's 99.03 trillion current LCU is above the median for Latin America & Caribbean, which is 9.26 billion current LCU, 10692.2× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.49 trillion current LCU | 7.59 trillion current LCU | 11.40 trillion current LCU | 2 |
| 2000s | 13.69 trillion current LCU | 6.51 trillion current LCU | 21.49 trillion current LCU | 4 |
| 2010s | 28.94 trillion current LCU | -16.76 trillion current LCU | 43.66 trillion current LCU | 10 |
| 2020s | 93.83 trillion current LCU | 81.26 trillion current LCU | 119.67 trillion current LCU | 5 |
Countries ranked near Colombia
- 2 Indonesia 90.10 trillion current LCU compare
- 3 Uzbekistan 53.47 trillion current LCU compare
- 4 South Korea 51.22 trillion current LCU compare
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)
- 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 net incurrence of liabilities, total in Colombia?
- Net incurrence of liabilities, total in Colombia was 99.03 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Colombia?
- The highest recorded value was 119.67 trillion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Colombia?
- The lowest recorded value was -16.76 trillion current LCU in 2011.
- How does Colombia rank for net incurrence of liabilities, total?
- Colombia ranks 1st out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Colombia?
- Over the last ten years it is up 255.5%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.