Public and publicly guaranteed debt service in Colombia
Colombia: Public and publicly guaranteed debt service was 18.9% in 2024. ▼ Falling
Public and publicly guaranteed debt service in Colombia, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Colombia recorded 18.9% for public and publicly guaranteed debt service in 2024.
The figure is up 8.0% on the previous year and up 147.7% over ten years.
Over the whole period, public and publicly guaranteed debt service in Colombia peaked at 40.0% in 1988 and was at its lowest, 5.9%, in 2013.
That places Colombia 10th out of 120 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 55 years of available data.
Public and publicly guaranteed debt service in Colombia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1970 | 14.1% | — |
| 1971 | 15.0% | +6.7% |
| 1972 | 13.7% | -8.7% |
| 1973 | 14.0% | +1.6% |
| 1974 | 16.0% | +14.4% |
| 1975 | 11.6% | -27.5% |
| 1976 | 10.0% | -13.3% |
| 1977 | 9.5% | -5.4% |
| 1978 | 9.9% | +4.2% |
| 1979 | 13.5% | +36.4% |
| 1980 | 9.4% | -30.5% |
| 1981 | 13.9% | +48.0% |
| 1982 | 18.1% | +30.2% |
| 1983 | 22.9% | +26.3% |
| 1984 | 20.9% | -8.4% |
| 1985 | 30.8% | +47.3% |
| 1986 | 27.7% | -10.1% |
| 1987 | 33.8% | +21.9% |
| 1988 | 40.0% | +18.3% |
| 1989 | 38.6% | -3.5% |
| 1990 | 34.5% | -10.5% |
| 1991 | 32.8% | -5.0% |
| 1992 | 35.6% | +8.6% |
| 1993 | 26.8% | -24.9% |
| 1994 | 29.3% | +9.7% |
| 1995 | 24.6% | -16.1% |
| 1996 | 20.8% | -15.4% |
| 1997 | 18.2% | -12.9% |
| 1998 | 20.3% | +12.0% |
| 1999 | 32.3% | +58.8% |
| 2000 | 20.9% | -35.3% |
| 2001 | 27.8% | +33.0% |
| 2002 | 32.7% | +17.9% |
| 2003 | 34.1% | +4.2% |
| 2004 | 18.4% | -46.2% |
| 2005 | 26.1% | +42.1% |
| 2006 | 16.9% | -35.4% |
| 2007 | 13.0% | -22.9% |
| 2008 | 9.4% | -27.6% |
| 2009 | 9.2% | -2.3% |
| 2010 | 9.1% | -0.9% |
| 2011 | 6.5% | -28.2% |
| 2012 | 6.9% | +5.8% |
| 2013 | 5.9% | -14.3% |
| 2014 | 7.6% | +28.8% |
| 2015 | 9.4% | +23.3% |
| 2016 | 12.2% | +29.9% |
| 2017 | 18.7% | +52.7% |
| 2018 | 17.2% | -7.8% |
| 2019 | 14.5% | -15.8% |
| 2020 | 16.5% | +13.9% |
| 2021 | 23.5% | +41.9% |
| 2022 | 11.0% | -53.4% |
| 2023 | 17.5% | +59.9% |
| 2024 | 18.9% | +8.0% |
Colombia compared with similar countries
- Colombia's 18.9% is above the median for upper middle income countries, which is 7.4%, 2.6× the median. (51 countries reporting)
- Colombia's 18.9% is above the median for Latin America & Caribbean, which is 9.7%, 2.0× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.7% | 9.5% | 16.0% | 10 |
| 1980s | 25.6% | 9.4% | 40.0% | 10 |
| 1990s | 27.5% | 18.2% | 35.6% | 10 |
| 2000s | 20.8% | 9.2% | 34.1% | 10 |
| 2010s | 10.8% | 5.9% | 18.7% | 10 |
| 2020s | 17.5% | 11.0% | 23.5% | 5 |
Countries ranked near Colombia
More external debt data for Colombia
- IFC, private nonguaranteed 191.58 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 3.62 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0005 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 246.69 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 3.6% (2024)
- Net financial flows, IDA -353,000 NFL, current US$ (2011)
- Net financial flows, IDA (NFL, current US$), per capita -0.0078 NFL, current US$ per person (2011)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0 NFL, current US$ per US$ of GDP (2011)
- Net financial flows, IBRD 648.74 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre -0.3182 NFL, current US$ per square kilometre (2011)
Frequently asked questions
- What is public and publicly guaranteed debt service in Colombia?
- Public and publicly guaranteed debt service in Colombia was 18.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Colombia?
- The highest recorded value was 40.0% in 1988.
- What is the lowest public and publicly guaranteed debt service recorded in Colombia?
- The lowest recorded value was 5.9% in 2013.
- How does Colombia rank for public and publicly guaranteed debt service?
- Colombia ranks 10th out of 120 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Colombia?
- Over the last ten years it is up 147.7%. The long-run trend across the full record is falling.
- Where does this Colombia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Public and publicly guaranteed debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to exports of goods, services, and income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.