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Economy of Colombia vs Eswatini compared: GDP & Debt

Updated on by Georank team

Colombia has a GDP of $419B compared to $4.86B for Eswatini, ranking 39/197 and 162/197 by economy size, respectively.

Colombia has $256B in government debt (61.2% of GDP), compared to $1.93B (39.8% of GDP) in Eswatini.

Colombia vs Eswatini GDP by year

Colombia
Eswatini
1x
Year GDP, current $
Colombia Eswatini
2024 $418,818,154,879 $4,858,885,841
2023 $366,291,836,138 $4,621,191,262
2022 $345,632,492,851 $4,746,660,274
2021 $318,524,633,225 $4,807,069,277
2020 $270,348,342,541 $4,134,677,810
2019 $323,031,701,193 $4,617,018,959
2018 $334,198,218,098 $4,643,751,059
2017 $311,866,875,157 $4,462,640,651
2016 $282,720,100,286 $3,722,306,117
2015 $293,492,370,193 $3,908,217,914
2014 $381,240,864,422 $4,285,065,665
2013 $382,093,697,078 $4,463,396,204
2012 $370,691,143,018 $4,747,813,067
2011 $334,966,134,805 $4,722,912,047
2010 $286,498,534,095 $4,360,714,359
2009 $232,468,663,110 $3,525,213,502
2008 $242,504,150,473 $3,235,921,171
2007 $206,229,540,926 $3,391,122,887
2006 $161,792,958,905 $3,215,307,901
2005 $145,600,529,606 $3,097,946,371
2004 $117,092,416,666 $2,710,331,785
2003 $94,644,969,157 $2,149,632,433
2002 $97,945,812,803 $1,393,945,031
2001 $98,200,641,203 $1,502,870,486
2000 $99,875,074,951 $1,697,161,558
1999 $86,186,158,685 $1,547,888,496
1998 $98,443,739,941 $1,576,908,856
1997 $106,659,508,271 $1,716,714,070
1996 $97,160,109,278 $1,602,741,834
1995 $92,507,279,383 $1,698,989,464
1994 $81,703,500,846 $1,419,294,254
1993 $66,446,804,803 $1,357,189,552
1992 $58,418,985,443 $1,284,759,928
1991 $49,175,565,911 $1,156,135,718
1990 $47,844,090,710 $1,114,694,041
1989 $39,540,080,200 $696,921,542
1988 $39,212,550,050 $692,026,455
1987 $36,373,307,085 $584,126,092
1986 $34,942,489,684 $449,140,318
1985 $34,894,411,352 $360,079,419
1984 $38,253,120,738 $494,483,409
1983 $38,729,822,782 $555,336,146
1982 $38,968,039,722 $537,568,059
1981 $36,388,366,869 $570,774,825
1980 $33,400,735,644 $541,976,853
1979 $27,940,411,250 $412,093,134
1978 $23,263,511,958 $340,630,085
1977 $19,470,960,619 $304,060,076
1976 $15,341,403,660 $272,550,068
1975 $13,098,633,902 $288,299,789
1974 $12,370,029,584 $264,320,941
1973 $10,315,760,000 $221,915,128
1972 $8,671,358,733 $146,736,479
1971 $7,820,380,971 $136,462,081
1970 $7,198,360,460 $112,139,955
1969 $6,450,175,214 $105,419,958
1968 $5,960,212,869 $79,799,968
1967 $5,825,170,438 $74,759,970
1966 $5,428,518,519 $76,859,969
1965 $5,760,761,905 $70,279,972
1964 $5,973,366,667 $64,980,554
1963 $4,836,166,667 $54,129,438
1962 $4,955,543,963 $45,927,962
1961 $4,540,447,761 $43,026,043
1960 $4,031,152,977 $35,076,846

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/colombia/eswatini | CC BY

GDP per capita in Colombia vs Eswatini by year

Colombia
GDP per capita

GDP per capita, PPP
Eswatini
GDP per capita

GDP per capita, PPP
1x
Year Current $
Colombia Eswatini
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,919 $22,349 $3,910 $11,799
2023 $7,001 $21,246 $3,756 $11,300
2022 $6,680 $20,854 $3,894 $10,635
2021 $6,223 $17,383 $3,984 $9,990
2020 $5,340 $15,519 $3,467 $9,329
2019 $6,473 $16,182 $3,913 $9,248
2018 $6,817 $15,239 $3,973 $8,535
2017 $6,480 $14,401 $3,853 $8,584
2016 $5,960 $14,027 $3,238 $8,484
2015 $6,249 $13,332 $3,420 $8,391
2014 $8,187 $13,355 $3,771 $8,366
2013 $8,279 $12,780 $3,950 $8,231
2012 $8,109 $12,093 $4,225 $7,760
2011 $7,401 $11,707 $4,225 $7,571
2010 $6,398 $10,841 $3,923 $7,324
2009 $5,251 $10,367 $3,190 $7,011
2008 $5,542 $10,307 $2,947 $6,914
2007 $4,770 $9,909 $3,109 $6,732
2006 $3,790 $9,154 $2,965 $6,319
2005 $3,456 $8,432 $2,871 $5,773
2004 $2,819 $7,909 $2,526 $5,310
2003 $2,312 $7,420 $2,015 $5,020
2002 $2,429 $7,109 $1,316 $4,742
2001 $2,473 $6,935 $1,430 $4,521
2000 $2,555 $6,776 $1,630 $4,401
1999 $2,241 $6,544 $1,502 $4,272
1998 $2,605 $6,854 $1,547 $4,137
1997 $2,873 $6,861 $1,705 $4,038
1996 $2,665 $6,639 $1,619 $3,916
1995 $2,584 $6,506 $1,751 $3,777
1994 $2,326 $6,174 $1,461 $3,526
1993 $1,929 $5,826 $1,397 $3,371
1992 $1,730 $5,509 $1,362 $3,289
1991 $1,486 $5,281 $1,273 $3,236
1990 $1,475 $5,109 $1,278 $3,202
1989 $1,244 - $832 -
1988 $1,260 - $865 -
1987 $1,193 - $765 -
1986 $1,169 - $611 -
1985 $1,192 - $510 -
1984 $1,336 - $726 -
1983 $1,384 - $843 -
1982 $1,425 - $843 -
1981 $1,362 - $925 -
1980 $1,280 - $908 -
1979 $1,095 - $714 -
1978 $932 - $610 -
1977 $798 - $563 -
1976 $643 - $521 -
1975 $561 - $568 -
1974 $542 - $536 -
1973 $462 - $463 -
1972 $397 - $315 -
1971 $367 - $301 -
1970 $346 - $254.2 -
1969 $318 - $245.2 -
1968 $302 - $190.4 -
1967 $303 - $182.8 -
1966 $290.3 - $192.7 -
1965 $317 - $181 -
1964 $339 - $171.6 -
1963 $282.6 - $146.4 -
1962 $298.5 - $127.1 -
1961 $282.1 - $121.8 -
1960 $258.3 - $101.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/colombia/eswatini | CC BY

Colombia's GDP per capita is $7,919, ranking 94/197, compared to $3,910 in Eswatini, ranking 131/197. Adjusted for purchasing power (GDP per capita PPP), Colombia ranks 87th at $22,349, while Eswatini ranks 126th at $11,799.

Economic indicators

Colombia Eswatini
Gross domestic product
$419B
2024
$4.86B
2024
GDP rank
39/197
2024
162/197
2024
GDP growth
1.6%
2023-2024
2.97%
2023-2024
GDP per capita
$7,919
2024
$3,910
2024
GDP per capita rank
94/197
2024
131/197
2024
GDP per capita, PPP
$22,349
2024
$11,799
2024
GDP per capita PPP rank
87/197
2024
126/197
2024
Government debt
$256B
2024
$1.93B
2024
Debt-to-GDP ratio
61.2%
2024
39.8%
2024
Government debt per person
$4,849
2024
$1,554
2024
Government debt per person rank
82/185
2024
130/185
2024
Average annual personal income after taxes
$5,722
2026
$3,913
2026
Market capitalization of domestic companies
$72.6B
2024
$234M
2007
Number of billionaires
4
2025
1
2025
Income share by richest 10%
42.7%
2023
42.7%
2016
Income share by poorest 10%
1.1%
2023
1.4%
2016
Government expenditure, % of GDP
34.6%
2024
33.3%
2024
Consumer prices inflation
6.61%
2023-2024
2.6%
2018-2019
Central bank interest rate
9.25%
2025
6.75%
2025
Unemployment rate
9.62%
2024
34.6%
2023
Population
54105437
1273390

Spending and national debt comparison by year

Colombia
Spending

Debt
Eswatini
Spending

Debt
1x
Year % of GDP
Colombia Eswatini
Government spending Government debt Government spending Government debt
2024 34.6% 61.2% 33.3% 39.8%
2023 35.1% 55.5% 32% 40%
2022 34.1% 61.3% 29.6% 40.5%
2021 34.5% 64.4% 30.1% 38.4%
2020 33.7% 65.3% 32.7% 38.2%
2019 32.9% 51% 32.9% 30.7%
2018 34.7% 51.8% 32.2% 27%
2017 29.3% 49.4% 33.9% 21.9%
2016 30% 49.9% 34.7% 20.5%
2015 31.3% 50.4% 35.3% 16.4%
2014 31.3% 43.3% 33.3% 14.3%
2013 30% 37.6% 29.4% 15.5%
2012 29.1% 34% 27.8% 15.2%
2011 30.2% 35.8% 26% 15.1%
2010 30.4% 36.5% 31.6% 14.5%
2009 30.9% 35.4% 34.5% 10.8%
2008 28.4% 32.4% 34.4% 15%
2007 28.2% 32.7% 31.2% 16.6%
2006 28.4% 36% 28.2% 15%
2005 25.9% 38.5% 29.7% 13.9%
2004 26.6% 41.5% 32% 15.5%
2003 28% 45% 26.4% 18%
2002 28.1% 47.5% 27.2% 17.6%
2001 27.5% 41.1% 26.4% 22.4%
2000 26.6% 38% 25.3% 18.7%
1999 28.2% 34% 26.5% 17.2%
1998 26.3% 27.4% 22.5% 15.9%
1997 26.2% 25.3% 21.2% 13%
1996 25.1% 23.3% 23.3% 12%
1995 22.2% 13.8% 20.5% 12.9%
1994 20.6% 12.5% 24.7% 13.8%
1993 20% 14.2% 24% 15.6%
1992 18.4% 16.1% 26% 16.6%
1991 17.7% 14.5% 20.3% 20.1%
1990 17.4% 16.7% 18.7% 20.4%
1989 10.3% 17.3% 15.8% 26.8%
1988 10.3% 17.9% 15.6% 27.5%
1987 9.7% 18.9% 17% 36.1%
1986 9.8% 20.2% 19.8% 44%
1985 10.5% 19.3% 22.3% 45.5%
1984 10.3% 15.5% 22.2% 29.7%
1983 10.2% 10.8% 23.2% 28.7%
1982 10.6% 8.8% 24% 29.2%
1981 9.9% 8.5% 23.8% 24.3%
1980 9.6% 8% 19.6% 27.2%
1979 8.6% 7.7% - -
1978 8.1% 7.6% - -
1977 7.7% 9.2% - -
1976 8% 12.2% - -
1975 9.4% 14.6% - -
1974 8.8% 15.9% - -
1973 9.4% 16.3% - -
1972 10.3% 16.9% - -
1971 10.3% 16.2% - -
1970 10% 16.7% - -
1969 9.2% 17% - -
1968 8.9% 16.2% - -
1967 8.2% 15.8% - -
1966 8% 15.3% - -
1965 7% 15.2% - -
1964 8.1% 13.1% - -
1963 8.6% 13.9% - -
1962 7.8% 14.8% - -
1961 8.6% 8.7% - -
1960 6.7% 7.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

GeoRank.org/economy/colombia/eswatini | CC BY

In 2024, Colombia's government spending was $145B, accounting for 34.6% of its GDP, while Eswatini spent $1.62B, or 33.3% of GDP.

Debt-to-GDP ratio is 61.2% in Colombia and 39.8% in Eswatini, ranking 75/185 and 134/185, respectively.

Government deficit by year

Deficit/surplus
Colombia

Eswatini
1x
Year Deficit/surplus, % of GDP
Colombia Eswatini
2024 -6.25% -1.36%
2023 -2.92% -0.67%
2022 -6.34% -5.4%
2021 -7.26% -4.68%
2020 -7.12% -4.27%
2019 -3.48% -6.26%
2018 -4.67% -6.72%
2017 -2.5% -5.68%
2016 -2.27% -8.54%
2015 -3.52% -6.03%
2014 -1.74% -1.18%
2013 -1.02% 0.59%
2012 0.15% 3.48%
2011 -1.99% -4.02%
2010 -3.3% -9.52%
2009 -2.67% -3.06%
2008 0.04% 1.63%
2007 -0.82% 2.44%
2006 -0.99% 8.88%
2005 -0.02% -1.7%
2004 -1.31% -4.1%
2003 -2.7% -2.15%
2002 -3.45% -3.78%
2001 -2.71% -2.31%
2000 -2.94% -1.22%
1999 -5.37% -1.27%
1998 -3.86% 1.07%
1997 -3.23% 2.11%
1996 -2.49% -1%
1995 -1% 0.9%
1994 -0.14% -3.61%
1993 -0.24% -3.29%
1992 -0.07% -2.9%
1991 0.35% 3.4%
1990 -0.41% 5.61%
1989 -1.4% 5.82%
1988 -1.3% 3.23%
1987 -0.4% 2.03%
1986 -1.4% -2.41%
1985 -2.4% -1.33%
1984 -3.3% 1.25%
1983 -3.1% -0.6%
1982 -3.6% 0.11%
1981 -2.8% -4.29%
1980 -2.2% 6.55%
1979 -0.7% -
1978 0.3% -
1977 0.5% -
1976 0.6% -
1975 -0.5% -
1974 -1.2% -
1973 -1.1% -
1972 -1.7% -
1971 -1% -
1970 -0.7% -
1969 -0.5% -
1968 0% -
1967 -0.2% -
1966 0.1% -
1965 -0.6% -
1964 -1.1% -
1963 -1.7% -
1962 -1.6% -
1961 -1.5% -
1960 1.2% -
1959 2% -
1958 1.7% -
1957 1.4% -
1956 -0.2% -
1955 0.7% -
1954 1.3% -
1953 1.3% -
1952 1.6% -
1951 2.1% -
1950 0.9% -
1949 0.5% -
1948 -0.1% -
1947 0.2% -
1946 -0.5% -
1945 0.1% -
1944 -0.2% -
1943 -0.7% -
1942 -1.5% -
1941 0% -
1940 -1.5% -
1939 0.8% -
1938 0.5% -
1937 1.4% -
1936 1.1% -
1935 1.3% -
1934 0.2% -
1933 -0.4% -
1932 -0.8% -
1931 -0.2% -
1930 0.3% -
1929 0.4% -
1928 -0.4% -
1927 -0.6% -
1926 0% -
1925 1% -
1924 0.5% -
1923 0.3% -
1922 -0.7% -
1921 -1.6% -
1920 0.4% -
1919 -0.8% -
1918 -2.1% -
1917 -0.5% -
1916 0.2% -
1915 -0.2% -
1914 -0.5% -
1913 0.5% -
1912 -0.3% -
1911 -0.1% -
1910 -0.3% -
1909 -3.3% -
1908 -2.7% -
1907 -2.7% -
1906 0.2% -
1905 -0.9% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1905–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/colombia/eswatini | CC BY

In 2024, Colombia's government deficit, the difference between spending and revenue, was $26.2B, equivalent to 6.25% of GDP. This compares to Eswatini's deficit of $66.2M, or 1.36% of GDP.

Over the past 45 years, Colombia recorded a fiscal deficit in 42 of those years, while Eswatini ran a deficit in 29 years. On average, Colombia posted an annual deficit equal to 2.45% of GDP, compared to deficit of 1.21% of GDP for Eswatini.

Inflation comparison by year

Inflation
Colombia

Eswatini
1x
Year Consumer prices inflation
Colombia Eswatini
2024 6.61% -
2023 11.7% -
2022 10.2% -
2021 3.5% -
2020 2.53% -
2019 3.52% 2.6%
2018 3.24% 4.82%
2017 4.31% 6.22%
2016 7.51% 7.85%
2015 4.99% 4.95%
2014 2.9% 5.68%
2013 2.02% 5.62%
2012 3.17% 8.94%
2011 3.42% 6.11%
2010 2.27% 4.51%
2009 4.2% 7.45%
2008 7% 12.7%
2007 5.54% 8.08%
2006 4.29% 5.3%
2005 5.05% 4.77%
2004 5.9% 3.45%
2003 7.13% 7.29%
2002 6.35% 12%
2001 7.97% 5.94%
2000 9.23% 12.2%
1999 10.9% 6.09%
1998 18.7% 8.11%
1997 18.5% 7.13%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/colombia/eswatini | CC BY

Over the past 23 years, Colombia has recorded an average annual inflation rate of 6.44%, compared with 6.86% in Eswatini. In 2019, inflation was 6.61% in Colombia and 2.6% in Eswatini.

Top exports between countries

Colombia
Export category Export value
Machinery & equipment $63K
Miscellaneous $5K
Eswatini
Export category Export value
Miscellaneous $1K

Balance of trade

Colombia Eswatini
Current account balance
-$6.88B
2024
$78.3M
2024
Current account balance ranking
172/190
2024
69/190
2024
Current account balance, % of GDP
-1.64%
2024
+1.61%
2024
Goods imports
$60.2B
2024
$2.07B
2024
Goods exports
$51.1B
2024
$2.33B
2024
Service imports
$18.5B
2024
$542M
2024
Service exports
$18.1B
2024
$234M
2024
Imports of goods and services, % of GDP
20.9%
2024
53.7%
2024
Exports of goods and services, % of GDP
16.1%
2024
53.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Colombia Eswatini
Economic freedom 59.8 57.5
Economic freedom ranking 101/197 116/197
Property rights 43.1 42.5
Government integrity 41.6 29.7
Judicial effectiveness 57.4 35.5
Tax burden 68.6 78.6
Government spending 64 71
Fiscal health 49.8 87.5
Business freedom 71.2 49.9
Labor freedom 59.1 55.2
Monetary freedom 71.9 76.8
Trade freedom 71.4 73.6
Investment freedom 60 50
Financial freedom 60 40

Economic freedom comparison by year

Colombia
Eswatini
1x
Year Economic freedom index
Colombia Eswatini
2026 59.8 57.5
2025 59.8 56.4
2024 59.2 55.6
2023 63.1 54.9
2022 65.1 51.4
2021 68.1 55.1
2020 69.2 55.3
2019 67.3 54.7
2018 68.9 55.9
2017 69.7 61.1
2016 70.8 59.7
2015 71.7 59.9
2014 70.7 61.2
2013 69.6 57.2
2012 68 57.2
2011 68 59.1
2010 65.5 57.4
2009 62.3 59.1
2008 62.2 58.4
2007 59.9 60.1
2006 60.4 61.4
2005 59.6 59.4
2004 61.2 58.6
2003 64.2 59.6
2002 64.2 60.9
2001 65.6 63.6
2000 63.3 62.6
1999 65.3 62.1
1998 65.5 62
1997 66.4 59.4
1996 64.3 58.6
1995 64.5 63.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/colombia/eswatini | CC BY

The Economic Freedom Index for Colombia is 59.8, ranking 101/197, compared to 57.5 for Eswatini, ranking 116/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Colombia Eswatini
Services, % of GDP
58.1%
2024
51.4%
2024
Industry, % of GDP
23.1%
2024
34.7%
2024
Agriculture, forestry, and fishing, % of GDP
9.28%
2024
6.48%
2024
GNI, Atlas method
$372B
2024
$4.46B
2024
GNI per capita, PPP
$21,890
2024
$10,760
2024
Total reserves including gold
$61.9B
2024
$479M
2023
Total reserves ranking
38/177
2024
159/177
2023
Net foreign direct investment
-$9.17B
2024
-$11.8M
2024
Net inflows of foreign direct investment
$13.7B
2024
$75.5M
2024
Net outflows of foreign direct investment
$4.51B
2024
$63.8M
2024
Servicing debt to the IMF, % of GNI
8.25%
2024
4.68%
2024
Poverty at national poverty lines
31.8%
2024
58.9%
2016
Gross capital formation, % of GDP
16.8%
2024
15%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/colombia/eswatini | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1905–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.