Current account balance (credit less debit), Net (credits less) in Colombia
Colombia: Current account balance (credit less debit), Net (credits less) was -7.23 billion in 2024. ▼ Falling
Current account balance (credit less debit), Net (credits less debits) in Colombia, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Colombia is -7.23 billion, measured in 2024.
That represents a change of up 12.9% on the previous year and up 63.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Colombia peaked at -1.95 billion in 2005 and was at its lowest, -20.88 billion, in 2022.
That places Colombia 181st out of 198 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Current account balance (credit less debit), Net (credits less) in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.95 billion | — |
| 2006 | -2.99 billion | +53.6% |
| 2007 | -6.15 billion | +105.6% |
| 2008 | -6.50 billion | +5.7% |
| 2009 | -4.43 billion | -31.8% |
| 2010 | -8.58 billion | +93.6% |
| 2011 | -9.73 billion | +13.4% |
| 2012 | -11.64 billion | +19.6% |
| 2013 | -12.37 billion | +6.2% |
| 2014 | -19.82 billion | +60.3% |
| 2015 | -18.70 billion | -5.6% |
| 2016 | -12.59 billion | -32.7% |
| 2017 | -9.92 billion | -21.2% |
| 2018 | -14.04 billion | +41.5% |
| 2019 | -14.81 billion | +5.5% |
| 2020 | -9.27 billion | -37.4% |
| 2021 | -17.95 billion | +93.7% |
| 2022 | -20.88 billion | +16.3% |
| 2023 | -8.30 billion | -60.3% |
| 2024 | -7.23 billion | -12.9% |
Colombia compared with similar countries
- Colombia's -7.23 billion is below the median for upper middle income countries, which is -494.28 million, 14.6× the median. (54 countries reporting)
- Colombia's -7.23 billion is below the median for Latin America & Caribbean, which is -169.22 million, 42.7× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.40 billion | -6.50 billion | -1.95 billion | 5 |
| 2010s | -13.22 billion | -19.82 billion | -8.58 billion | 10 |
| 2020s | -12.72 billion | -20.88 billion | -7.23 billion | 5 |
Countries ranked near Colombia
- 178 Uzbekistan -5.71 billion compare
- 179 Senegal -6.07 billion compare
- 180 Slovakia -6.50 billion compare
- 182 Kazakhstan -7.94 billion compare
- 183 Indonesia -8.68 billion compare
- 184 Cote d'Ivoire -9.21 billion compare
More financial sector data for Colombia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.68 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.26 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.68 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Colombia?
- Current account balance (credit less debit), net (credits less debits) in Colombia was -7.23 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Colombia?
- The highest recorded value was -1.95 billion in 2005.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Colombia?
- The lowest recorded value was -20.88 billion in 2022.
- How does Colombia rank for current account balance (credit less debit), net (credits less debits)?
- Colombia ranks 181st out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Colombia?
- Over the last ten years it is up 63.5%. The long-run trend across the full record is falling.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.