Flag of co

Colombia Debt to GDP Ratio

Colombia's government debt to GDP increased to 61.3% in 2024 from 55.5% in 2023. This rise resulted from a wider fiscal deficit. Declining revenues particularly from taxes and oil, lowered income. Government spending grew due to higher interest payments, increased social security costs and more personnel expenses. Prioritizing government spending also contributed to the increase. Colombia's record low government debt to GDP was 49.4% in 2017 and record high was 65.3% in 2020.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 61.3%
2023 55.5%
2022 61.3%
2021 64.4%
2020 65.3%
2019 51%
2018 51.8%
2017 49.4%
2016 49.9%
2015 50.4%
Colombia Debt to GDP Ratio : Definition
Colombia's government debt to GDP measures total public debt including central and local government liabilities, against the nation's economic output. It is calculated by dividing this total debt by the Gross Domestic Product (GDP), expressed as a percentage. The ratio indicates fiscal health.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -1.8% -2.2% Dec'24
Interest Rate 9.25% 9.25% Sep'25
Private Credit (% GDP) 39.56% 41.66% 2024