General Government Net Lending/Borrowing for Colombia
COLGGXCNLGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.46
Year-over-Year Change
-47.30%
Date Range
1/1/1982 - 1/1/2030
Summary
The 'General Government Net Lending/Borrowing for Colombia' measures the government's overall fiscal balance as a percentage of GDP. This metric is a key indicator of a country's fiscal health and helps policymakers assess macroeconomic 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
This series represents the difference between government revenue and expenditure for all levels of government in Colombia. A positive value indicates a fiscal surplus, while a negative value indicates a fiscal deficit. Economists and policymakers closely monitor this indicator to gauge the sustainability of Colombia's public finances.
Methodology
The data is calculated by the International Monetary Fund based on government finance statistics.
Historical Context
This fiscal balance metric is widely used to evaluate a country's fiscal policy and inform decisions around taxation, spending, and public debt management.
Key Facts
- Colombia's fiscal deficit averaged 3.2% of GDP from 2010-2019.
- The fiscal deficit widened to 7.5% of GDP in 2020 due to the COVID-19 pandemic.
- Colombia aims to reduce its fiscal deficit to 3.6% of GDP by 2023.
FAQs
Q: What does this economic trend measure?
A: This metric measures the difference between total government revenue and expenditure in Colombia, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The fiscal balance is a critical indicator of a country's fiscal health and sustainability. Analysts and policymakers use this data to assess macroeconomic stability and inform decisions around fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on government finance statistics.
Q: How is this trend used in economic policy?
A: Governments and central banks use this fiscal balance metric to evaluate the sustainability of public finances and inform decisions around taxation, spending, and debt management.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. There may also be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, General Government Net Lending/Borrowing for Colombia (COLGGXCNLGDP), retrieved from FRED.