Goods and services expense in Colombia
Colombia: Goods and services expense was 47.56 trillion current LCU in 2024. ◆ Volatile
Goods and services expense in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Colombia is 47.56 trillion current LCU, measured in 2024. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 12.1% on the previous year and up 55.2% over ten years.
Over the whole period, goods and services expense in Colombia peaked at 47.56 trillion current LCU in 2024 and was at its lowest, 2.76 trillion current LCU, in 2000.
Colombia ranks 4th of 155 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.94 trillion current LCU | 2.79 trillion current LCU | 3.09 trillion current LCU | 2 |
| 2000s | 8.77 trillion current LCU | 2.76 trillion current LCU | 13.05 trillion current LCU | 4 |
| 2010s | 27.86 trillion current LCU | 14.57 trillion current LCU | 36.19 trillion current LCU | 10 |
| 2020s | 38.52 trillion current LCU | 29.80 trillion current LCU | 47.56 trillion current LCU | 5 |
Countries ranked near Colombia
More public sector data for Colombia
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Tax revenue 15.2% (2024)
- Taxes on income, profits and capital gains 24.1% (2024)
- Taxes on goods and services 24.3% (2024)
- Net investment in nonfinancial assets 0.8% (2024)
- Net lending (+) / net borrowing (-) -4.6% (2024)
- Interest payments 13.9% (2024)
- Grants and other revenue 28.4% (2024)
- Interest payments 13.2% (2023)
- Other taxes 1.8% (2024)
Frequently asked questions
- What is goods and services expense in Colombia?
- Goods and services expense in Colombia was 47.56 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Colombia?
- The highest recorded value was 47.56 trillion current LCU in 2024.
- What is the lowest goods and services expense recorded in Colombia?
- The lowest recorded value was 2.76 trillion current LCU in 2000.
- How does Colombia rank for goods and services expense?
- Colombia ranks 4th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Colombia?
- Over the last ten years it is up 55.2%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.