Colombia Government Debt To GDP

Colombia recorded a Government Debt to GDP of 32.30 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Colombia is reported by the International Monetary Fund. From 1996 until 2012, Colombia Government Debt To GDP averaged 35.2 Percent reaching an all time high of 45.6 Percent in December of 2003 and a record low of 23.3 Percent in December of 1996. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Colombia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
32.30 34.60 45.60 23.30 30.02 | 2013/12 1996 - 2012 Percent Yearly

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Colombia Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 32.30 2012-12-31 34.60 45.60 23.30 30.02 2013-12-31 Percent [+]
Government Budget Value -3601.40 2014-02-15 3340.07 9207.09 -10366.03 -2782.04 2014-03-31 COP Billion [+]
Government Spending 12480.08 2014-02-15 9584.24 16402.84 0.12 12686.91 2014-03-31 COP Billion [+]
Credit Rating 49.65 [+]
Government Budget 0.20 2012-12-31 -2.90 0.23 -8.47 1.51 2013-12-31 Percent of GDP [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


RELATED NEWS

Colombia Leaves Rates on Hold  
At its March 21st, 2014 meeting, Central Bank of Colombia left the benchmark interest rate steady at 3.25 percent and decided to extend its dollar purchase program, and buy up to $1 billion through June.
Colombia Posts $0.7B Trade Deficit  
In the first month of 2014, Colombian trade balance turned into a USD 0.7 billion gap, down from a USD 0.34 billion surplus in the previous month. Compared with the same month last year, the trade gap narrowed 79 percent, as imports shrank at a faster pace than exports.
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At its February 28th, 2014 meeting, Central Bank of Colombia decided to leave the benchmark interest rate unchanged at 3.25 percent, as widely expected, saying that interest rates remain at levels that stimulate aggregate spending.
Colombian Trade Balance Returns to Surplus  
In December of 2013, Colombia’s trade balance turned into a USD 340 million surplus, up from a revised USD 100 million deficit in the previous month. A year earlier, the country recorded a USD 410 million surplus.
Colombia Holds Interest Rate Steady  
Colombia's central bank maintained its benchmark interest rate at 3.25 percent as expected as inflation continues to converge toward the bank’s 3.0 percent target and the economy is poised to pick up pace in 2014.
Colombia Trade Deficit Narrows in November  
Colombia trade balance turned into a USD 100 million deficit in November of 2013, decreasing from a USD 510 million deficit in the previous month and a USD 320 million deficit a year earlier. Exports rose 2.5 percent yoy, after falling in the previous two months.
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At its December 20th meeting, Central Bank of Colombia decided by a unanimous vote to leave the benchmark interest rate unchanged at 3.25 percent, as the economy is improving.
Colombia Posts Trade Deficit for the Second Straight Month  
In October of 2013, Colombian trade balance turned into a deficit of USD 0.5 billion, from USD -0.3 billion in the previous month and a surplus of USD 0.23 billion last year. While exports recorded the second highest annual drop this year, imports from the US surged 20.5 percent.
Colombia Monetary Policy Unchanged in November  
Colombia’s Central Bank decided on November 27th to leave the benchmark interest rate on hold at 3.25 percent for the eight straight time, as widely expected.
Colombia Posts Trade Deficit in September  
In September of 2013, Colombian trade balance turned into a 0.3 USD billion deficit, from a 0.23 billion USD surplus a year earlier, as non-monetary gold sales reported a large drop, while imports were up by 10 percent.
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