Net incurrence of liabilities, total (% of GDP) in Colombia
Colombia: Net incurrence of liabilities, total (% of GDP) was 5.8% 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 % of GDP.
Analysis
In 2024, net incurrence of liabilities, total in Colombia stood at 5.8%.
That represents a change of up 8.8% on the previous year and up 58.3% over ten years.
Over the whole period, net incurrence of liabilities, total in Colombia peaked at 12.0% in 2020 and was at its lowest, -2.7%, in 2011.
That places Colombia 32nd out of 136 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Colombia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1998 | 5.4% | — |
| 1999 | 7.5% | +39.1% |
| 2000 | 4.5% | -40.5% |
| 2003 | 6.4% | +43.0% |
| 2008 | 1.4% | -78.7% |
| 2009 | 4.3% | +213.7% |
| 2010 | 7.1% | +65.4% |
| 2011 | -2.7% | -138.2% |
| 2012 | 4.7% | -272.7% |
| 2013 | 5.7% | +22.9% |
| 2014 | 3.7% | -36.5% |
| 2015 | 3.6% | -2.0% |
| 2016 | 5.1% | +41.3% |
| 2017 | 2.6% | -48.7% |
| 2018 | 4.1% | +58.9% |
| 2019 | 2.9% | -29.9% |
| 2020 | 12.0% | +315.5% |
| 2021 | 7.1% | -40.6% |
| 2022 | 5.5% | -22.4% |
| 2023 | 5.3% | -3.8% |
| 2024 | 5.8% | +8.8% |
Colombia compared with similar countries
- Colombia's 5.8% is above the median for upper middle income countries, which is 2.9%, 2.0× the median. (47 countries reporting)
- Colombia's 5.8% is above the median for Latin America & Caribbean, which is 2.7%, 2.1× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.5% | 5.4% | 7.5% | 2 |
| 2000s | 4.1% | 1.4% | 6.4% | 4 |
| 2010s | 3.7% | -2.7% | 7.1% | 10 |
| 2020s | 7.1% | 5.3% | 12.0% | 5 |
Countries ranked near Colombia
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Frequently asked questions
- What is net incurrence of liabilities, total in Colombia?
- Net incurrence of liabilities, total in Colombia was 5.8% 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 12.0% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Colombia?
- The lowest recorded value was -2.7% in 2011.
- How does Colombia rank for net incurrence of liabilities, total?
- Colombia ranks 32nd 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 58.3%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.