Central government debt, total (% of GDP) for Colombia
DEBTTLCOA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.33
Year-over-Year Change
13.47%
Date Range
1/1/1998 - 1/1/2023
Summary
This trend measures Colombia's central government debt as a percentage of its gross domestic product (GDP). It is a key indicator of a country's fiscal health and debt sustainability.
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 central government debt-to-GDP ratio tracks the total outstanding debt owed by Colombia's central government relative to the size of its economy. This metric is widely used by economists, policymakers, and investors to assess a country's creditworthiness and ability to service its debt obligations.
Methodology
The data is collected and calculated by the World Bank based on reports from national statistical offices and central banks.
Historical Context
Monitoring this debt trend helps inform fiscal and monetary policy decisions to maintain debt at sustainable levels.
Key Facts
- Colombia's central government debt was 58.7% of GDP in 2021.
- The debt ratio has increased from 45.7% in 2016 due to pandemic-related spending.
- Colombia's debt is primarily denominated in local currency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding debt owed by Colombia's central government as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The central government debt-to-GDP ratio is a key indicator of a country's fiscal health and ability to service its debt obligations, making it relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reports from Colombia's national statistical office and central bank.
Q: How is this trend used in economic policy?
A: Monitoring Colombia's central government debt-to-GDP ratio helps inform fiscal and monetary policy decisions to maintain debt at sustainable levels.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months before the latest figures are published.
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Citation
U.S. Federal Reserve, Central government debt, total (% of GDP) for Colombia (DEBTTLCOA188A), retrieved from FRED.