National Debt (% of GDP): Colombia

Analysis# Colombia National Debt (% of GDP) Colombia's national debt stood at 61.9% of GDP in 2026, reflecting a substantial increase from the historic low of 23.3% in 1996. The country's debt burden has grown 165.7% over three decades, though it remains below the all-time peak of 65.3% recorded in 2020 during the pandemic-driven fiscal crisis. The sharp spike in 2020 marked Colombia's most vulnerable fiscal moment in the dataset, followed by a gradual decline through 2023 when debt fell to 55.5% of GDP. However, the recent trajectory shows renewed upward pressure, with debt rising to 61.9% by 2026. This volatility suggests Colombia continues managing competing demands of economic stimulus and fiscal consolidation, with projected levels indicating persistent debt pressures in the near term.