Colombia—Government Expense (% of GDP)
Colombia's government expense (% of GDP) was 33.3% in 2023, ranking #45 out of 138 countries. This represents a +2.7% change from 2022. Over the past 18 years, the highest recorded value was 36.6% (2020) and the lowest was 16.9% (2000). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 33.3% | +2.7% |
| 2022 | 32.4% | -9.2% |
| 2021 | 35.7% | -2.4% |
| 2020 | 36.6% | +16.8% |
| 2019 | 31.3% | +4.4% |
| 2018 | 30.0% | +9.0% |
| 2017 | 27.5% | -3.9% |
| 2016 | 28.6% | +6.8% |
| 2015 | 26.8% | -11.1% |
| 2014 | 30.2% | -9.4% |
| 2013 | 33.3% | +33.0% |
| 2012 | 25.0% | +3.3% |
| 2011 | 24.2% | -4.6% |
| 2010 | 25.4% | +2.7% |
| 2009 | 24.7% | +0.7% |
| 2008 | 24.6% | -11.1% |
| 2003 | 27.6% | +63.1% |
| 2000 | 16.9% |
Top Countries — Government Expense (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Naoero | 103.6% | 2020 |
| 2 | Kiribati | 83.7% | 2023 |
| 3 | Ukraine | 65.6% | 2023 |
| 4 | Marshall Islands | 59.4% | 2020 |
| 5 | Palau | 59.0% | 2020 |
| 6 | Timor-Leste | 52.5% | 2022 |
| 7 | Greece | 47.3% | 2023 |
| 8 | Italy | 47.3% | 2023 |
| 9 | France | 47.3% | 2023 |
| 10 | Austria | 46.0% | 2023 |
About This Indicator
Definition
Expense is a decrease in net worth resulting from a transaction. 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.
Methodology
Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)
Unit
% of GDP