General Government Gross Debt for Colombia
COLGGXWDGGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.87
Year-over-Year Change
13.73%
Date Range
1/1/1996 - 1/1/2030
Summary
The General Government Gross Debt for Colombia measures the total outstanding debt obligations of the Colombian government, including both central and local authorities. This indicator is crucial for assessing the country's fiscal health and long-term 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 General Government Gross Debt for Colombia represents the consolidated debt owed by all levels of the Colombian government. It is a key metric used by economists, policymakers, and investors to evaluate the government's ability to service its debt obligations and manage fiscal risks.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
This trend is closely monitored by global financial markets and institutions like the IMF to gauge Colombia's creditworthiness and economic policy direction.
Key Facts
- Colombia's government debt stood at 66.5% of GDP in 2021.
- The debt-to-GDP ratio has increased in recent years due to the economic impact of the COVID-19 pandemic.
- Colombia's government debt is denominated in both domestic and foreign currencies.
FAQs
Q: What does this economic trend measure?
A: The General Government Gross Debt for Colombia measures the total outstanding debt obligations of the Colombian government, including both central and local authorities.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for assessing Colombia's fiscal health and long-term economic stability, as it reflects the government's ability to service its debt obligations and manage fiscal risks.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: This trend is closely monitored by global financial markets and institutions like the IMF to gauge Colombia's creditworthiness and economic policy direction.
Q: Are there update delays or limitations?
A: The data is reported by the IMF, and there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, General Government Gross Debt for Colombia (COLGGXWDGGDP), retrieved from FRED.