Cash surplus/deficit (% of GDP) for Colombia
CASHBLCOA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-21.64
Year-over-Year Change
-89.81%
Date Range
1/1/1998 - 1/1/2014
Summary
The cash surplus/deficit (% of GDP) for Colombia measures the government's net borrowing or lending position as a percentage of GDP. This metric is a key indicator of fiscal policy and economic stability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The cash surplus/deficit represents the difference between government cash receipts and payments. A surplus indicates the government is a net lender to other sectors, while a deficit signals net borrowing. This data provides insight into the Colombian government's fiscal position and management.
Methodology
The data is compiled by the International Monetary Fund from government finance statistics.
Historical Context
Analysts and policymakers use this metric to assess Colombia's fiscal health and the sustainability of its public finances.
Key Facts
- Colombia's cash deficit averaged 2.7% of GDP from 2010-2019.
- The deficit widened to 6.1% of GDP in 2020 due to the COVID-19 pandemic.
- Colombia aims to reduce its fiscal deficit to 3.6% of GDP by 2022.
FAQs
Q: What does this economic trend measure?
A: This metric measures the Colombian government's net borrowing or lending position as a percentage of GDP, providing insight into the country's fiscal policy and economic stability.
Q: Why is this trend relevant for users or analysts?
A: The cash surplus/deficit is a key indicator of Colombia's fiscal health and the sustainability of its public finances, making it relevant for analysts, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is compiled by the International Monetary Fund from government finance statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Colombia's fiscal position and the effectiveness of its fiscal policies in promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is updated regularly by the IMF, but there may be some delay in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Cash surplus/deficit (% of GDP) for Colombia (CASHBLCOA188A), retrieved from FRED.