Colombia Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Colombia's government debt to gdp was 58.87% in 2025, ranked 80th globally. This represents a 3.9% decrease from 2024. Data from IMF WEO, covering 1996–2025.
Overview
Colombia's government debt to gdp stood at 58.87% in 2025, a decline of +2.37% from 2024. The IMF projects 58.87% by 2025. Colombia ranked 80th globally.
Colombia’s government debt-to‑GDP ratio has risen steadily over the 30‑year span from 23.29 % in 1996, the all‑time trough, to a peak of 65.27 % in 2020, before easing to 58.87 % in 2025, placing the country 80th in the world. The post‑pandemic decline reflects fiscal consolidation measures that trimmed borrowing after the surge in public spending to cushion the health and economic shock of 2020. By 2025 Colombia’s debt level is marginally lower than Mexico’s 58.85 % and closely aligned with Ghana’s 59.08 %, suggesting a convergence with other emerging economies that have similarly moderated debt after pandemic‑induced peaks. The modest downward movement since 2020 indicates that continued primary surpluses and disciplined expenditure could keep the ratio on a gradual downward path, whereas a resurgence of external shocks or expansive fiscal stimulus would likely reverse the trend.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 60.87% | - | - |
| 2029* IMF | 61.79% | - | - |
| 2028* IMF | 62.65% | - | - |
| 2027* IMF | 63.04% | - | - |
| 2026* IMF | 61.92% | - | - |
| 2025* IMF | 58.87% | - | - |
| 2025 | 58.87% | −2.37% | #80 |
| 2024 | 61.24% | +5.78% | #113 |
| 2023 | 55.46% | −5.84% | #97 |
| 2022 | 61.30% | −3.12% | #111 |
| 2021 | 64.42% | −0.86% | #109 |
| 2020 | 65.27% | +14.30% | #107 |
| 2019 | 50.97% | −0.79% | #100 |
| 2018 | 51.76% | +2.31% | #105 |
| 2017 | 49.45% | −0.46% | #98 |
| 2016 | 49.90% | −0.47% | #105 |
| 2015 | 50.38% | +7.06% | #107 |
| 2014 | 43.32% | +5.73% | #104 |
| 2013 | 37.59% | +3.63% | #89 |
| 2012 | 33.97% | −1.82% | #83 |
| 2011 | 35.78% | −0.71% | #92 |
Detected Pattern
Analysis
Colombia matched the Stagflation Risk pattern in 2023. Historically, 38% of countries showing this pattern (117 out of 307) saw government debt to gdp improve within 24 months. View full analysis →
Colombia's new administration under President De la Espriella has implemented significant policy reversals, including intensified security operations and a 12.5% tariff. These fiscal and spending changes could influence government revenue
Frequently Asked Questions
Colombia's government debt to gdp was 58.87% in 2025. Ranked 80th globally. This represents a 3.9% decrease from the previous year.
Colombia's government debt to gdp peaked at 65.27% in 2020.
The lowest government debt to gdp in Colombia was 23.29% in 1996.
Colombia ranks 80th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Colombia's government debt to gdp is projected to reach 58.87% by 2025 based on IMF projection.
The government debt to gdp of Colombia in 2025 was 58.87%. This ranks 80th in the world.
Cite this page
@misc{historysaid_colombia_government-debt-to-gdp,
title = {Colombia Government Debt to GDP},
url = {https://historysaid.com/colombia/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}