Other expense (% of expense) in Colombia
Colombia: Other expense (% of expense) was 8.2% in 2023. ◆ Volatile
Other expense in Colombia, 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Colombia recorded 8.2% for other expense in 2023.
The figure is down 17.9% on the previous year and down 45.0% over ten years.
Over the whole period, other expense in Colombia peaked at 21.3% in 2011 and was at its lowest, -2.2%, in 2000.
That places Colombia 57th out of 147 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Other expense (% of expense) in Colombia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1998 | 1.2% | — |
| 1999 | 3.9% | +238.2% |
| 2000 | -2.2% | -154.7% |
| 2003 | 12.4% | -672.7% |
| 2008 | 17.9% | +44.5% |
| 2009 | 16.3% | -8.9% |
| 2010 | 18.3% | +12.5% |
| 2011 | 21.3% | +16.4% |
| 2012 | 9.9% | -53.5% |
| 2013 | 14.9% | +50.3% |
| 2014 | 10.7% | -28.0% |
| 2015 | 5.8% | -45.6% |
| 2016 | 20.1% | +245.4% |
| 2017 | 9.6% | -52.5% |
| 2018 | 9.9% | +3.1% |
| 2019 | 13.3% | +34.4% |
| 2020 | 13.1% | -0.9% |
| 2021 | 12.3% | -6.5% |
| 2022 | 10.0% | -18.8% |
| 2023 | 8.2% | -17.9% |
Colombia compared with similar countries
- Colombia's 8.2% is above the median for upper middle income countries, which is 5.9%, 1.4× the median. (44 countries reporting)
- Colombia's 8.2% is above the median for Latin America & Caribbean, which is 7.3%, 1.1× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Other expense (% of expense) 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 | +672.7% | -2.2% | 12.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.6% | 1.2% | 3.9% | 2 |
| 2000s | 11.1% | -2.2% | 17.9% | 4 |
| 2010s | 13.4% | 5.8% | 21.3% | 10 |
| 2020s | 10.9% | 8.2% | 13.1% | 4 |
Countries ranked near Colombia
More public sector data for Colombia
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Frequently asked questions
- What is other expense in Colombia?
- Other expense in Colombia was 8.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other expense recorded in Colombia?
- The highest recorded value was 21.3% in 2011.
- What is the lowest other expense recorded in Colombia?
- The lowest recorded value was -2.2% in 2000.
- How does Colombia rank for other expense?
- Colombia ranks 57th out of 147 countries with data for 2023.
- Is other expense rising or falling in Colombia?
- Over the last ten years it is down 45.0%. 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 Other expense (% of expense). Statizoid updates them automatically from the source API.
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About this data
Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.