Colombia Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Colombia's budget deficit was -6.91% in 2025, ranked 162nd globally. This represents a 10.6% decrease from 2024. Data from IMF WEO, covering 1982–2025.
Overview
Colombia's budget deficit stood at -6.91% in 2025, a decline of +0.66% from 2024. The IMF projects -6.91% by 2025. Colombia ranked 162nd globally.
Colombia’s budget deficit widened to –6.91 percent of GDP in 2025, placing the country 162nd in the global ranking and closely matching the deficits of peers such as Myanmar (–6.85) and Poland (–6.99). The deficit trajectory spans 44 years, beginning at –4.31 percent in 1982, climbing to a modest surplus of 0.35 percent in 1991, and then turning sharply negative after the early 2000s. The deepest short‑term contraction occurred in 2021, when the deficit reached an all‑time trough of –7.26 percent, reflecting heightened fiscal pressures from the COVID‑19 pandemic and lower commodity revenues. Since that nadir, the deficit has modestly improved, yet remains well above the early‑1980s level, indicating persistent structural imbalances in public finances. Continued consolidation will depend on stronger tax compliance, a more diversified export base, and disciplined spending, which could gradually reverse the current deficit trend.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -2.17% | - | - |
| 2029* IMF | -2.33% | - | - |
| 2028* IMF | -2.72% | - | - |
| 2027* IMF | -4.06% | - | - |
| 2026* IMF | -5.72% | - | - |
| 2025* IMF | -6.91% | - | - |
| 2025 | -6.91% | −0.66% | #162 |
| 2024 | -6.25% | −3.32% | #32 |
| 2023 | -2.92% | +3.42% | #95 |
| 2022 | -6.34% | +0.92% | #32 |
| 2021 | -7.26% | −0.13% | #35 |
| 2020 | -7.13% | −3.64% | #78 |
| 2019 | -3.48% | +1.19% | #58 |
| 2018 | -4.67% | −2.17% | #37 |
| 2017 | -2.50% | −0.22% | #91 |
| 2016 | -2.27% | +1.25% | #104 |
| 2015 | -3.52% | −1.78% | #77 |
| 2014 | -1.74% | −0.72% | #120 |
| 2013 | -1.02% | −1.18% | #132 |
| 2012 | 0.16% | +2.15% | #144 |
| 2011 | -1.99% | +1.31% | #111 |
Detected Pattern
Analysis
Colombia matched the Stagflation Risk pattern in 2023. Historically, 38% of countries showing this pattern (117 out of 307) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Colombia's budget deficit was -6.91% in 2025. Ranked 162nd globally. This represents a 10.6% decrease from the previous year.
Colombia's budget deficit peaked at 0.35% in 1991.
The lowest budget deficit in Colombia was -7.26% in 2021.
Colombia ranks 162nd globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Colombia's budget deficit is projected to reach -6.91% by 2025 based on IMF projection.
The budget deficit of Colombia in 2025 was -6.91%. This ranks 162nd in the world.
Cite this page
@misc{historysaid_colombia_budget-deficit,
title = {Colombia Budget Deficit},
url = {https://historysaid.com/colombia/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}