Services balance (credit less debit), Net (credits less debits) (US) in Colombia
Colombia: Services balance (credit less debit), Net (credits less debits) (US) was -316.80 million in 2024. ▲ Rising
Services balance (credit less debit), Net (credits less debits) in Colombia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Colombia stood at -316.80 million. That is the highest value across all 20 years on record.
That represents a change of up 67.6% on the previous year and up 95.9% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Colombia peaked at -316.80 million in 2024 and was at its lowest, -7.69 billion, in 2014.
That places Colombia 118th out of 197 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -2.30 billion | — |
| 2006 | -2.31 billion | +0.1% |
| 2007 | -2.88 billion | +24.8% |
| 2008 | -3.27 billion | +13.4% |
| 2009 | -3.35 billion | +2.7% |
| 2010 | -4.60 billion | +37.2% |
| 2011 | -5.61 billion | +21.9% |
| 2012 | -6.42 billion | +14.5% |
| 2013 | -6.43 billion | +0.1% |
| 2014 | -7.69 billion | +19.6% |
| 2015 | -5.53 billion | -28.2% |
| 2016 | -4.28 billion | -22.6% |
| 2017 | -4.48 billion | +4.7% |
| 2018 | -4.16 billion | -7.0% |
| 2019 | -4.29 billion | +3.0% |
| 2020 | -4.23 billion | -1.2% |
| 2021 | -6.02 billion | +42.1% |
| 2022 | -3.92 billion | -34.9% |
| 2023 | -978.15 million | -75.0% |
| 2024 | -316.80 million | -67.6% |
Colombia compared with similar countries
- Colombia's -316.80 million is below the median for upper middle income countries, which is 5.85 million. (54 countries reporting)
- Colombia's -316.80 million is below the median for Latin America & Caribbean, which is 169.67 million. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.82 billion | -3.35 billion | -2.30 billion | 5 |
| 2010s | -5.35 billion | -7.69 billion | -4.16 billion | 10 |
| 2020s | -3.09 billion | -6.02 billion | -316.80 million | 5 |
Countries ranked near Colombia
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 services balance (credit less debit), net (credits less debits) in Colombia?
- Services balance (credit less debit), net (credits less debits) in Colombia was -316.80 million in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Colombia?
- The highest recorded value was -316.80 million in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Colombia?
- The lowest recorded value was -7.69 billion in 2014.
- How does Colombia rank for services balance (credit less debit), net (credits less debits)?
- Colombia ranks 118th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Colombia?
- Over the last ten years it is up 95.9%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund, published as part of Services 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.