Government Budget Balance (Local Currency) fell 54.5% to -20,735 in Colombia in 2018

Government Budget Balance (Local Currency)
Economy | Colombia | March 8, 2019
$2.99
Excel Sheet

Government budget balance reached -20,735 in 2018 in Colombia, according to the National Statistical Office. This is 54.5 % more than in the previous year.

Historically, government budget balance in Colombia reached an all time high of 1,963 in 2005 and an all time low of -28,828 in 2015. When compared to Colombia's main peers, government budget balance in Brazil amounted to -525 and -18.1 in Peru in 2018.

Colombia has been ranked 82nd within the group of 84 countries we follow in terms of government budget balance, 46 places above the position seen 10 years ago.

A government budget deficit is the amount by which government revenues fall short of government spending (the opposite being a budget surplus).

Government Budget Balance (Local Currency) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Bolivia ... ... ... ... ... ... ... ... ...
Brazil -439 -525 -538 -586 -656
Chile -3,619 -3,432 -3,223 -3,006 -2,741
Colombia -13,424 -20,735 -22,357 -16,470 -13,409
Guyana -31.8 -43.8 -38.3 -42.1 -14.3
Peru -15.7 -18.1 -16.7 -13.1 -8.05
Trinidad and Tobago ... ... ... ... ... ... ... ... ...
Venezuela ... ... ... ... ... ... ... ... ...