Services balance (credit less debit), Net (credits less debits) in Colombia
Colombia: Services balance (credit less debit), Net (credits less debits) 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) 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% |
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
- Net domestic credit (current LCU), per capita 18.17 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 2,123 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 11.36 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 5.26 million SDR (2025)
- Gold reserves at market value 479.38 million SDR (2025)
- Reserves excluding gold, foreign exchange 44.54 billion SDR (2025)
- Reserves excluding gold 47.57 billion SDR (2025)
- Total reserves (gold at market value) 48.05 billion SDR (2025)
- Total reserves (gold at national valuation) 48.04 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 899.28 SDR per person (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.