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Economy of Colombia vs Romania compared: GDP & Debt

Updated on by Georank

Colombia has a GDP of $457B compared to $429B for Romania, ranking 37/197 and 39/197 by economy size, respectively.

Colombia has $274B in government debt (59.9% of GDP), compared to $260B (60.6% of GDP) in Romania.

Colombia vs Romania GDP by year

Colombia
Romania
1x
Year GDP, current $
Colombia Romania
2025 $457,410,034,203 $428,677,977,855
2024 $420,504,033,143 $382,564,217,989
2023 $366,901,643,683 $347,757,995,759
2022 $345,632,492,851 $295,317,862,856
2021 $318,524,633,225 $285,072,444,957
2020 $270,348,342,541 $250,624,575,872
2019 $323,031,701,193 $250,080,428,512
2018 $334,198,218,098 $241,791,427,224
2017 $311,866,875,157 $210,147,385,855
2016 $282,720,100,286 $185,290,759,249
2015 $293,492,370,193 $177,885,131,240
2014 $381,240,864,422 $199,722,319,676
2013 $382,093,697,078 $189,798,603,751
2012 $370,691,143,018 $179,117,323,107
2011 $334,966,134,805 $192,623,977,894
2010 $286,498,534,095 $170,064,350,672
2009 $232,468,663,110 $174,110,532,659
2008 $242,504,150,473 $214,315,932,061
2007 $206,229,540,926 $174,588,782,939
2006 $161,792,958,905 $122,023,735,993
2005 $145,600,529,606 $98,454,380,120
2004 $117,092,416,666 $74,973,656,852
2003 $94,644,969,157 $57,806,384,143
2002 $97,945,812,803 $46,065,502,703
2001 $98,200,641,203 $40,395,116,581
2000 $99,875,074,951 $37,253,739,511
1999 $86,186,158,685 $35,953,156,754
1998 $98,443,739,941 $41,696,091,974
1997 $106,659,508,271 $35,575,214,078
1996 $97,160,109,278 $36,937,074,278
1995 $92,507,279,383 $37,430,162,103
1994 $81,703,500,846 $30,072,805,104
1993 $66,446,804,803 $26,361,160,450
1992 $58,418,985,443 $25,121,666,667
1991 $49,175,565,911 $28,850,634,900
1990 $47,844,090,710 $38,247,882,300
1989 $39,540,080,200 $41,450,777,202
1988 $39,212,550,050 $40,424,528,302
1987 $36,373,307,085 $38,067,567,568
1986 $34,942,489,684 -
1985 $34,894,411,352 -
1984 $38,253,120,738 -
1983 $38,729,822,782 -
1982 $38,968,039,722 -
1981 $36,388,366,869 -
1980 $33,400,735,644 -
1979 $27,940,411,250 -
1978 $23,263,511,958 -
1977 $19,470,960,619 -
1976 $15,341,403,660 -
1975 $13,098,633,902 -
1974 $12,370,029,584 -
1973 $10,315,760,000 -
1972 $8,671,358,733 -
1971 $7,820,380,971 -
1970 $7,198,360,460 -
1969 $6,450,175,214 -
1968 $5,960,212,869 -
1967 $5,825,170,438 -
1966 $5,428,518,519 -
1965 $5,760,761,905 -
1964 $5,973,366,667 -
1963 $4,836,166,667 -
1962 $4,955,543,963 -
1961 $4,540,447,761 -
1960 $4,031,152,977 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Colombia vs Romania by year

Colombia
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Colombia Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,562 - $22,538 -
2024 $7,951 $22,349 $20,080 $49,077
2023 $7,012 $21,246 $18,244 $45,982
2022 $6,680 $20,854 $15,503 $41,979
2021 $6,223 $17,383 $14,908 $37,534
2020 $5,340 $15,519 $13,009 $34,194
2019 $6,473 $16,182 $12,910 $33,425
2018 $6,817 $15,239 $12,416 $29,383
2017 $6,480 $14,401 $10,728 $26,943
2016 $5,960 $14,027 $9,405 $23,905
2015 $6,249 $13,332 $8,977 $21,625
2014 $8,187 $13,355 $10,032 $20,633
2013 $8,279 $12,780 $9,498 $19,678
2012 $8,109 $12,093 $8,930 $19,808
2011 $7,401 $11,707 $9,561 $18,804
2010 $6,398 $10,841 $8,400 $17,355
2009 $5,251 $10,367 $8,548 $16,641
2008 $5,542 $10,307 $10,435 $16,782
2007 $4,770 $9,909 $8,360 $13,703
2006 $3,790 $9,154 $5,758 $11,554
2005 $3,456 $8,432 $4,618 $9,602
2004 $2,819 $7,909 $3,495 $8,989
2003 $2,312 $7,420 $2,679 $7,559
2002 $2,429 $7,109 $2,120 $7,162
2001 $2,473 $6,935 $1,825 $6,520
2000 $2,555 $6,776 $1,660 $5,850
1999 $2,241 $6,544 $1,600 $5,596
1998 $2,605 $6,854 $1,853 $5,545
1997 $2,873 $6,861 $1,577 $5,564
1996 $2,665 $6,639 $1,633 $5,746
1995 $2,584 $6,506 $1,650 $5,429
1994 $2,326 $6,174 $1,323 $4,995
1993 $1,929 $5,826 $1,158 $4,699
1992 $1,730 $5,509 $1,102 $4,515
1991 $1,486 $5,281 $1,254 $4,795
1990 $1,475 $5,109 $1,648 $5,280
1989 $1,244 - $1,790 -
1988 $1,260 - $1,753 -
1987 $1,193 - $1,659 -
1986 $1,169 - - -
1985 $1,192 - - -
1984 $1,336 - - -
1983 $1,384 - - -
1982 $1,425 - - -
1981 $1,362 - - -
1980 $1,280 - - -
1979 $1,095 - - -
1978 $932 - - -
1977 $798 - - -
1976 $643 - - -
1975 $561 - - -
1974 $542 - - -
1973 $462 - - -
1972 $397 - - -
1971 $367 - - -
1970 $346 - - -
1969 $318 - - -
1968 $302 - - -
1967 $303 - - -
1966 $290.3 - - -
1965 $317 - - -
1964 $339 - - -
1963 $282.6 - - -
1962 $298.5 - - -
1961 $282.1 - - -
1960 $258.3 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Colombia's GDP per capita is $8,562, ranking 94/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Colombia ranks 87th at $22,349, while Romania ranks 47th at $49,077.

Economic indicators

Colombia Romania
Gross domestic product
$457B
2025
$429B
2025
GDP rank
37/197
2025
39/197
2025
GDP growth
2.64%
2024-2025
0.68%
2024-2025
GDP per capita
$8,562
2025
$22,538
2025
GDP per capita rank
94/197
2025
57/197
2025
GDP per capita, PPP
$22,349
2024
$49,077
2024
GDP per capita PPP rank
87/197
2024
47/197
2024
Government debt
$274B
2025
$260B
2025
Debt-to-GDP ratio
59.9%
2025
60.6%
2025
Government debt per person
$5,126
2025
$13,650
2025
Government debt per person rank
85/185
2025
48/185
2025
Average annual personal income after taxes
$6,463
2026
$13,510
2026
Market capitalization of domestic companies
$133B
2025
$70.9B
2025
Number of billionaires
4
2026
6
2026
Income share by richest 10%
42.7%
2024
21.8%
2023
Income share by poorest 10%
1%
2024
2.4%
2023
Government expenditure, % of GDP
33.2%
2025
40.5%
2025
Consumer prices inflation
5.14%
2024-2025
7.3%
2024-2025
Central bank interest rate
11.3%
2026
6.5%
2024
Unemployment rate
8.43%
2025
6.1%
2025
Population
54209462
18912567

Spending and national debt comparison by year

Colombia
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Colombia Romania
Government spending Government debt Government spending Government debt
2025 33.2% 59.9% 40.5% 60.6%
2024 34.4% 61% 40% 57.5%
2023 35.1% 55.4% 37% 52.6%
2022 34.1% 61.3% 37.5% 51.9%
2021 34.5% 64.4% 37.2% 51.8%
2020 33.7% 65.3% 38.3% 49.5%
2019 32.9% 51% 33.4% 36.8%
2018 34.7% 51.8% 31.9% 36.4%
2017 29.3% 49.4% 31% 37.1%
2016 30% 49.9% 31.8% 39.5%
2015 31.3% 50.4% 34.2% 39.4%
2014 31.3% 43.3% 33.8% 40.5%
2013 30% 37.6% 34.2% 39.3%
2012 29.1% 34% 33.5% 36.2%
2011 30.2% 35.8% 35% 32.6%
2010 30.4% 36.5% 37.4% 30.2%
2009 30.9% 35.4% 36.3% 22.5%
2008 28.4% 32.4% 35.3% 13%
2007 28.2% 32.7% 34.6% 12.4%
2006 28.4% 36% 33.9% 12.7%
2005 25.9% 38.5% 32.3% 17.8%
2004 26.6% 41.5% 33.7% 21.3%
2003 28% 45% 31.8% 24.9%
2002 28.1% 47.5% 32.1% 27.4%
2001 27.5% 41.1% 33.2% 27.4%
2000 26.6% 38% 35% 29.6%
1999 28.3% 34% 35.1% 21.7%
1998 26.3% 27.5% 34.7% 16.5%
1997 26.2% 25.3% 33.5% 15%
1996 25.1% 23.3% 33.5% 11%
1995 22.2% 13.8% 34.4% 6.91%
1994 20.6% 12.5% 33.1% -
1993 20% 14.2% 33.5% -
1992 18.4% 16.1% 41.5% -
1991 17.7% 14.5% 38.3% -
1990 17.4% 16.7% 38.4% -
1989 10.3% 17.3% 40.1% -
1988 10.3% 17.9% 36.6% -
1987 9.7% 18.9% 40.7% -
1986 9.8% 20.2% 42.5% -
1985 10.5% 19.3% 41.6% -
1984 10.3% 15.5% 28.6% -
1983 10.2% 10.8% 25.8% -
1982 10.6% 8.8% 28.5% -
1981 9.9% 8.5% 30.4% -
1980 9.6% 8% 33.6% -
1979 8.6% 7.7% 42% -
1978 8.1% 7.6% 42.1% -
1977 7.7% 9.2% 39.9% -
1976 8% 12.2% 37.5% -
1975 9.4% 14.6% 40.6% -
1974 8.8% 15.9% 37.6% -
1973 9.4% 16.3% 32.6% -
1972 10.3% 16.9% 29.9% -
1971 10.3% 16.2% 27.2% -
1970 10% 16.7% 28.1% -
1969 9.2% 17% 32.1% -
1968 8.9% 16.2% 31.8% -
1967 8.2% 15.8% 30.6% -
1966 8% 15.3% 27.3% -
1965 7% 15.2% 25.6% -
1964 8.1% 13.1% 25.1% -
1963 8.6% 13.9% 23.1% -
1962 7.8% 14.8% 43.4% -
1961 8.6% 8.7% - -
1960 6.7% 7.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Colombia's government spending was $152B, accounting for 33.2% of its GDP, while Romania spent $173B, or 40.5% of GDP.

Debt-to-GDP ratio is 59.9% in Colombia and 60.6% in Romania, ranking 78/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Colombia

Romania
1x
Year Deficit/surplus, % of GDP
Colombia Romania
2025 -5.75% -7.64%
2024 -6.04% -8.68%
2023 -2.92% -5.66%
2022 -6.36% -5.85%
2021 -7.28% -6.74%
2020 -7.12% -9.6%
2019 -3.48% -4.58%
2018 -4.67% -2.76%
2017 -2.5% -2.86%
2016 -2.27% -2.5%
2015 -3.52% -1.35%
2014 -1.74% -1.76%
2013 -1.02% -2.44%
2012 0.15% -2.39%
2011 -1.99% -4.14%
2010 -3.3% -6.22%
2009 -2.67% -6.86%
2008 0.04% -4.6%
2007 -0.82% -3.05%
2006 -0.99% -1.36%
2005 -0.02% -0.69%
2004 -1.31% -3.39%
2003 -2.7% -2.29%
2002 -3.45% -2.59%
2001 -2.71% -3.2%
2000 -2.94% -3.99%
1999 -5.37% -3.58%
1998 -3.86% -5.33%
1997 -3.23% -5.19%
1996 -2.49% -4.74%
1995 -1% -3.32%
1994 -0.14% -2.2%
1993 -0.24% -0.35%
1992 -0.07% -4.55%
1991 0.35% 3.23%
1990 -0.41% 1.03%
1989 -1.4% -2.87%
1988 -1.3% 8.4%
1987 -0.4% 2.37%
1986 -1.4% 5.72%
1985 -2.4% 6.36%
1984 -3.3% 15.2%
1983 -3.1% 9.35%
1982 -3.6% 0.36%
1981 -2.8% 0.61%
1980 -2.2% -1.95%
1979 -0.7% 0%
1978 0.3% 0%
1977 0.5% 0.23%
1976 0.6% 0.66%
1975 -0.5% 0.41%
1974 -1.2% 0.51%
1973 -1.1% 1.53%
1972 -1.7% 1.21%
1971 -1% 0.89%
1970 -0.7% 0.52%
1969 -0.5% 0.93%
1968 0% 1.65%
1967 -0.2% 1.23%
1966 0.1% 0.91%
1965 -0.6% -1.29%
1964 -1.1% -3.11%
1963 -1.7% -1.61%
1962 -1.6% -4.86%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Colombia's government deficit, the difference between spending and revenue, was $26.3B, equivalent to 5.75% of GDP. This compares to Romania's deficit of $32.8B, or 7.64% of GDP.

Over the past 39 years, Colombia recorded a fiscal deficit in 36 of those years, while Romania ran a deficit in 35 years. On average, Colombia posted an annual deficit equal to 2.49% of GDP, compared to deficit of 3.19% of GDP for Romania.

Inflation comparison by year

Inflation
Colombia

Romania
1x
Year Consumer prices inflation
Colombia Romania
2025 5.14% 7.3%
2024 6.61% 5.6%
2023 11.7% 10.4%
2022 10.2% 13.8%
2021 3.5% 5%
2020 2.53% 2.6%
2019 3.52% 3.8%
2018 3.24% 4.6%
2017 4.31% 1.3%
2016 7.51% -1.6%
2015 4.99% -0.6%
2014 2.9% 1.1%
2013 2.02% 4%
2012 3.17% 3.3%
2011 3.42% 5.8%
2010 2.27% 6.1%
2009 4.2% 5.6%
2008 7% 7.8%
2007 5.54% 4.8%
2006 4.29% 6.6%
2005 5.05% 9%
2004 5.9% 11.9%
2003 7.13% 15.4%
2002 6.35% 22.5%
2001 7.97% 34.5%
2000 9.23% 45.7%
1999 10.9% 45.8%
1998 18.7% 59.1%
1997 18.5% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Colombia has recorded an average annual inflation rate of 6.47%, compared with 17.1% in Romania. In 2025, inflation was 5.14% in Colombia and 7.3% in Romania.

Top exports between countries

Colombia
Export category Export value
Raw agricultural goods $21.1M
Raw materials & minerals $7.61M
Processed food, beverages & tobacco $1.01M
Textiles & consumer goods $963K
Machinery & equipment $170K
Chemicals & pharma $157K
Wood & paper products $43K
Precious metals & jewellery $23K
Animal & marine products $6K
Miscellaneous $5K
Romania
Export category Export value
Machinery & equipment $85.1M
Textiles & consumer goods $5.96M
Chemicals & pharma $3.74M
Metals $3.51M
Raw materials & minerals $1.69M
Processed food, beverages & tobacco $635K
Wood & paper products $211K
Miscellaneous $36K
Raw agricultural goods $36K
Animal & marine products $18K

Balance of trade

Colombia Romania
Current account balance
-$10.9B
2025
-$33.9B
2025
Current account balance ranking
176/190
2025
186/190
2025
Current account balance, % of GDP
-2.38%
2025
-7.9%
2025
Goods imports
$66.3B
2025
$139B
2025
Goods exports
$51.5B
2025
$102B
2025
Service imports
$19.6B
2025
$35.9B
2025
Service exports
$19.6B
2025
$50.1B
2025
Imports of goods and services, % of GDP
20.4%
2025
40.7%
2025
Exports of goods and services, % of GDP
15%
2025
35.5%
2025

Economic freedom indices

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

Colombia Romania
Economic freedom 59.8 65.4
Economic freedom ranking 101/197 64/197
Property rights 43.1 81
Government integrity 41.6 50
Judicial effectiveness 57.4 67
Tax burden 68.6 89.1
Government spending 64 56.7
Fiscal health 49.8 21.4
Business freedom 71.2 74.4
Labor freedom 59.1 63.6
Monetary freedom 71.9 72.7
Trade freedom 71.4 79.4
Investment freedom 60 70
Financial freedom 60 60

Economic freedom comparison by year

Colombia
Romania
1x
Year Economic freedom index
Colombia Romania
2026 59.8 65.4
2025 59.8 66.5
2024 59.2 64.4
2023 63.1 64.5
2022 65.1 67.1
2021 68.1 69.5
2020 69.2 69.7
2019 67.3 68.6
2018 68.9 69.4
2017 69.7 69.7
2016 70.8 65.6
2015 71.7 66.6
2014 70.7 65.5
2013 69.6 65.1
2012 68 64.4
2011 68 64.7
2010 65.5 64.2
2009 62.3 63.2
2008 62.2 61.7
2007 59.9 61.2
2006 60.4 58.2
2005 59.6 52.1
2004 61.2 50
2003 64.2 50.6
2002 64.2 48.7
2001 65.6 50
2000 63.3 52.1
1999 65.3 50.1
1998 65.5 54.4
1997 66.4 50.8
1996 64.3 46.2
1995 64.5 42.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Colombia is 59.8, ranking 101/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Colombia Romania
Services, % of GDP
58.5%
2025
61.7%
2025
Industry, % of GDP
21.8%
2025
25.3%
2025
Agriculture, forestry, and fishing, % of GDP
9.95%
2025
3%
2025
GNI, Atlas method
$422B
2025
$384B
2025
GNI per capita, PPP
$22,250
2025
$49,550
2025
Total reserves including gold
$65.8B
2025
$90.6B
2025
Total reserves ranking
41/177
2025
31/177
2025
Net foreign direct investment
-$7.31B
2025
-$8.57B
2025
Net inflows of foreign direct investment
$13.7B
2024
$7.16B
2024
Net outflows of foreign direct investment
$4.51B
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
8.17%
2024
n/a
Poverty at national poverty lines
31.8%
2024
19%
2023
Gross capital formation, % of GDP
16.7%
2025
25.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1905–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.