Colombia General Government Structural Balance (% Potential GDP) Statistics

23, Apr 2019, EDT.

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Country or Region: Colombia › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Colombia indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Colombian Peso
Currency Symbol: COP

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Colombia , Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Colombia in year 2015 is -3.3 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes Colombia No. 54 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Colombia is 2.41 less than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Colombia was -3.13 % General Government Structural Balance (% Potential GDP) for Colombia in 2015 was or will be 5.47% more than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Colombia was or will be -1.97 %, which is 40.36% less than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Colombia, in other Years
Year %
  2021 -1.163
  2020 -1.391
  2019 -1.438
  2018 -1.637
  2017 -1.54
  2016 -1.968
2015 -3.3
  2014 -3.129
  2013 -2.528
  2012 -1.467
  2011 -2.644
  2010 -2.552
  2009 -2.29
  2008 -1.177
  2007 -2.02
  2006 -1.328
  2005 0.571
  2004 0.09
  2003 -1.159
  2002 -2.384
  2001 -3.153
  2000 -3.721
  1999 n/a
  1998 n/a
  1997 n/a
  1996 n/a
  1995 n/a
  1994 n/a
  1993 n/a
  1992 n/a
  1991 n/a
  1990 n/a
  1989 n/a
  1988 n/a
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a