Colombia - External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Colombia was -6.61 as of 2020. Its highest value over the past 60 years was 6.84 in 1986, while its lowest value was -7.06 in 2015.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 0.94
1961 -0.84
1962 0.00
1963 -0.37
1964 -0.69
1965 2.43
1966 -4.37
1967 0.87
1968 -1.04
1969 -0.47
1970 -1.28
1971 -4.05
1972 0.46
1973 2.26
1974 -1.09
1975 1.81
1976 3.15
1977 3.67
1978 2.83
1979 1.77
1980 0.62
1981 -3.57
1982 -4.28
1983 -2.78
1984 -0.58
1985 1.28
1986 6.84
1987 4.03
1988 2.43
1989 4.18
1990 2.95
1991 4.66
1992 -0.57
1993 -5.81
1994 -5.92
1995 -6.43
1996 -5.65
1997 -5.91
1998 -5.89
1999 0.54
2000 -0.84
2001 -3.13
2002 -3.35
2003 -3.37
2004 -2.32
2005 -3.48
2006 -4.18
2007 -4.23
2008 -2.95
2009 -2.31
2010 -1.58
2011 -0.92
2012 -1.21
2013 -1.81
2014 -4.22
2015 -7.06
2016 -6.77
2017 -4.99
2018 -4.74
2019 -5.82
2020 -6.61

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts