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Economy of Colombia vs Slovenia compared: GDP & Debt

Updated on by Georank team

Colombia has a GDP of $419B compared to $73B for Slovenia, ranking 39/197 and 86/197 by economy size, respectively.

Colombia has $256B in government debt (61.2% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Colombia vs Slovenia GDP by year

Colombia
Slovenia
1x
Year GDP, current $
Colombia Slovenia
2024 $418,818,154,879 $72,972,015,197
2023 $366,291,836,138 $69,255,264,238
2022 $345,632,492,851 $59,899,117,741
2021 $318,524,633,225 $61,540,813,362
2020 $270,348,342,541 $53,384,760,135
2019 $323,031,701,193 $53,909,922,736
2018 $334,198,218,098 $53,689,067,640
2017 $311,866,875,157 $48,153,200,135
2016 $282,720,100,286 $44,290,685,824
2015 $293,492,370,193 $42,709,468,275
2014 $381,240,864,422 $49,514,466,380
2013 $382,093,697,078 $47,867,056,859
2012 $370,691,143,018 $46,167,053,954
2011 $334,966,134,805 $51,199,194,599
2010 $286,498,534,095 $47,793,117,241
2009 $232,468,663,110 $49,975,540,955
2008 $242,504,150,473 $55,509,332,322
2007 $206,229,540,926 $47,880,266,543
2006 $161,792,958,905 $39,260,368,837
2005 $145,600,529,606 $35,947,936,824
2004 $117,092,416,666 $34,156,553,313
2003 $94,644,969,157 $29,360,575,032
2002 $97,945,812,803 $23,214,593,516
2001 $98,200,641,203 $20,668,868,707
2000 $99,875,074,951 $20,159,190,702
1999 $86,186,158,685 $22,609,669,084
1998 $98,443,739,941 $22,058,635,314
1997 $106,659,508,271 $20,726,878,752
1996 $97,160,109,278 $21,470,699,363
1995 $92,507,279,383 $21,367,422,159
1994 $81,703,500,846 $16,400,767,070
1993 $66,446,804,803 $14,449,298,372
1992 $58,418,985,443 $14,277,261,541
1991 $49,175,565,911 $14,454,495,059
1990 $47,844,090,710 $19,832,029,087
1989 $39,540,080,200 -
1988 $39,212,550,050 -
1987 $36,373,307,085 -
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Colombia vs Slovenia by year

Colombia
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Colombia Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,919 $22,349 $34,301 $57,186
2023 $7,001 $21,246 $32,660 $56,064
2022 $6,680 $20,854 $28,360 $52,347
2021 $6,223 $17,383 $29,193 $45,914
2020 $5,340 $15,519 $25,392 $41,767
2019 $6,473 $16,182 $25,814 $42,373
2018 $6,817 $15,239 $25,888 $38,620
2017 $6,480 $14,401 $23,303 $36,180
2016 $5,960 $14,027 $21,448 $33,575
2015 $6,249 $13,332 $20,697 $31,336
2014 $8,187 $13,355 $24,013 $30,572
2013 $8,279 $12,780 $23,237 $29,634
2012 $8,109 $12,093 $22,442 $28,787
2011 $7,401 $11,707 $24,941 $28,716
2010 $6,398 $10,841 $23,330 $27,579
2009 $5,251 $10,367 $24,502 $27,229
2008 $5,542 $10,307 $27,462 $29,461
2007 $4,770 $9,909 $23,725 $27,468
2006 $3,790 $9,154 $19,563 $25,571
2005 $3,456 $8,432 $17,970 $23,682
2004 $2,819 $7,909 $17,104 $22,588
2003 $2,312 $7,420 $14,712 $20,916
2002 $2,429 $7,109 $11,639 $20,004
2001 $2,473 $6,935 $10,376 $18,763
2000 $2,555 $6,776 $10,136 $17,892
1999 $2,241 $6,544 $11,401 $17,007
1998 $2,605 $6,854 $11,132 $15,994
1997 $2,873 $6,861 $10,437 $15,257
1996 $2,665 $6,639 $10,797 $14,284
1995 $2,584 $6,506 $10,738 $13,637
1994 $2,326 $6,174 $8,244 $13,975
1993 $1,929 $5,826 $7,255 $12,976
1992 $1,730 $5,509 $7,151 $12,296
1991 $1,486 $5,281 $7,229 $12,698
1990 $1,475 $5,109 $9,925 $13,491
1989 $1,244 - - -
1988 $1,260 - - -
1987 $1,193 - - -
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 (1960–2024, retrieved 2026-04-06).

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

Colombia's GDP per capita is $7,919, ranking 94/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Colombia ranks 87th at $22,349, while Slovenia ranks 37th at $57,186.

Economic indicators

Colombia Slovenia
Gross domestic product
$419B
2024
$73B
2024
GDP rank
39/197
2024
86/197
2024
GDP growth
1.6%
2023-2024
1.73%
2023-2024
GDP per capita
$7,919
2024
$34,301
2024
GDP per capita rank
94/197
2024
34/197
2024
GDP per capita, PPP
$22,349
2024
$57,186
2024
GDP per capita PPP rank
87/197
2024
37/197
2024
Government debt
$256B
2024
$48.6B
2024
Debt-to-GDP ratio
61.2%
2024
66.6%
2024
Government debt per person
$4,849
2024
$22,842
2024
Government debt per person rank
82/185
2024
29/185
2024
Average annual personal income after taxes
$5,722
2026
$22,215
2026
Market capitalization of domestic companies
$72.6B
2024
$11.4B
2024
Number of billionaires
4
2025
n/a
Income share by richest 10%
42.7%
2023
20.6%
2023
Income share by poorest 10%
1.1%
2023
4.1%
2023
Government expenditure, % of GDP
34.6%
2024
46.5%
2024
Consumer prices inflation
6.61%
2023-2024
1.97%
2023-2024
Central bank interest rate
9.25%
2025
n/a
Unemployment rate
9.62%
2024
3.7%
2024
Population
54105437
2124138

Spending and national debt comparison by year

Colombia
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Colombia Slovenia
Government spending Government debt Government spending Government debt
2024 34.6% 61.2% 46.5% 66.6%
2023 35.1% 55.5% 46.4% 68.3%
2022 34.1% 61.3% 47.7% 72.8%
2021 34.5% 64.4% 49.9% 74.8%
2020 33.7% 65.3% 51.8% 80.2%
2019 32.9% 51% 43.8% 66%
2018 34.7% 51.8% 44.1% 71%
2017 29.3% 49.4% 44.6% 74.9%
2016 30% 49.9% 46.9% 79.4%
2015 31.3% 50.4% 49.5% 83.4%
2014 31.3% 43.3% 50.6% 81.1%
2013 30% 37.6% 57.7% 70.8%
2012 29.1% 34% 50% 54.1%
2011 30.2% 35.8% 51.4% 46.8%
2010 30.4% 36.5% 50.7% 38.6%
2009 30.9% 35.4% 50% 34.9%
2008 28.4% 32.4% 45.2% 21.9%
2007 28.2% 32.7% 43.5% 22.9%
2006 28.4% 36% 45.7% 26.2%
2005 25.9% 38.5% 46.7% 26.6%
2004 26.6% 41.5% 46.9% 27.1%
2003 28% 45% 47.6% 27%
2002 28.1% 47.5% 47.8% 27.7%
2001 27.5% 41.1% 49.2% 26.3%
2000 26.6% 38% 47.8% 26.1%
1999 28.2% 34% 47.2% 23.8%
1998 26.3% 27.4% 46.4% 22.8%
1997 26.2% 25.3% 45.4% 22.1%
1996 25.1% 23.3% 45.2% 21.6%
1995 22.2% 13.8% 53% 18.2%
1994 20.6% 12.5% - -
1993 20% 14.2% - -
1992 18.4% 16.1% - -
1991 17.7% 14.5% - -
1990 17.4% 16.7% - -
1989 10.3% 17.3% - -
1988 10.3% 17.9% - -
1987 9.7% 18.9% - -
1986 9.8% 20.2% - -
1985 10.5% 19.3% - -
1984 10.3% 15.5% - -
1983 10.2% 10.8% - -
1982 10.6% 8.8% - -
1981 9.9% 8.5% - -
1980 9.6% 8% - -
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/slovenia | CC BY

In 2024, Colombia's government spending was $145B, accounting for 34.6% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 61.2% in Colombia and 66.6% in Slovenia, ranking 75/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Colombia

Slovenia
1x
Year Deficit/surplus, % of GDP
Colombia Slovenia
2024 -6.25% -0.93%
2023 -2.92% -2.59%
2022 -6.34% -3.02%
2021 -7.26% -4.61%
2020 -7.12% -7.68%
2019 -3.48% 0.68%
2018 -4.67% 0.9%
2017 -2.5% 0.05%
2016 -2.27% -2%
2015 -3.52% -2.84%
2014 -1.74% -4.53%
2013 -1.02% -11.2%
2012 0.15% -4.2%
2011 -1.99% -6.69%
2010 -3.3% -5.56%
2009 -2.67% -5.87%
2008 0.04% -1.44%
2007 -0.82% -0.08%
2006 -0.99% -1.26%
2005 -0.02% -1.38%
2004 -1.31% -1.98%
2003 -2.7% -2.66%
2002 -3.45% -2.47%
2001 -2.71% -4.58%
2000 -2.94% -3.77%
1999 -5.37% -3.04%
1998 -3.86% -2.39%
1997 -3.23% -2.37%
1996 -2.49% -1.16%
1995 -1% -8.19%
1994 -0.14% -
1993 -0.24% -
1992 -0.07% -
1991 0.35% -
1990 -0.41% -
1989 -1.4% -
1988 -1.3% -
1987 -0.4% -
1986 -1.4% -
1985 -2.4% -
1984 -3.3% -
1983 -3.1% -
1982 -3.6% -
1981 -2.8% -
1980 -2.2% -
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/slovenia | 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 Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Colombia recorded a fiscal deficit in 28 of those years, while Slovenia ran a deficit in 27 years. On average, Colombia posted an annual deficit equal to 2.93% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Colombia

Slovenia
1x
Year Consumer prices inflation
Colombia Slovenia
2024 6.61% 1.97%
2023 11.7% 7.45%
2022 10.2% 8.83%
2021 3.5% 1.92%
2020 2.53% -0.05%
2019 3.52% 1.63%
2018 3.24% 1.74%
2017 4.31% 1.43%
2016 7.51% -0.05%
2015 4.99% -0.53%
2014 2.9% 0.2%
2013 2.02% 1.77%
2012 3.17% 2.6%
2011 3.42% 1.8%
2010 2.27% 1.8%
2009 4.2% 0.84%
2008 7% 5.65%
2007 5.54% 3.66%
2006 4.29% 2.46%
2005 5.05% 2.45%
2004 5.9% 3.59%
2003 7.13% 5.54%
2002 6.35% 7.48%
2001 7.97% 8.38%
2000 9.23% 8.91%
1999 10.9% 6.16%
1998 18.7% 7.89%
1997 18.5% 8.36%

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

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

Over the past 28 years, Colombia has recorded an average annual inflation rate of 6.52%, compared with 3.71% in Slovenia. In 2024, inflation was 6.61% in Colombia and 1.97% in Slovenia.

Top exports between countries

Colombia
Export category Export value
Raw agricultural goods $31.5M
Raw materials & minerals $11.2M
Metals $5.2M
Chemicals & pharma $1.52M
Processed food, beverages & tobacco $357K
Wood & paper products $51K
Machinery & equipment $23K
Textiles & consumer goods $7K
Precious metals & jewellery $6K
Miscellaneous $5K
Slovenia
Export category Export value
Textiles & consumer goods $5.91M
Chemicals & pharma $4.21M
Machinery & equipment $3.66M
Miscellaneous $1.82M
Metals $1.6M
Wood & paper products $916K
Raw materials & minerals $892K
Processed food, beverages & tobacco $75K
Raw agricultural goods $74K

Balance of trade

Colombia Slovenia
Current account balance
-$6.88B
2024
$3.32B
2024
Current account balance ranking
172/190
2024
37/190
2024
Current account balance, % of GDP
-1.64%
2024
+4.55%
2024
Goods imports
$60.2B
2024
$45.2B
2024
Goods exports
$51.1B
2024
$45.6B
2024
Service imports
$18.5B
2024
$9.52B
2024
Service exports
$18.1B
2024
$13.6B
2024
Imports of goods and services, % of GDP
20.9%
2024
74.7%
2024
Exports of goods and services, % of GDP
16.1%
2024
80.9%
2024

Economic freedom indices

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

Colombia Slovenia
Economic freedom 59.8 69.7
Economic freedom ranking 101/197 40/197
Property rights 43.1 87.6
Government integrity 41.6 66.1
Judicial effectiveness 57.4 91.6
Tax burden 68.6 55.5
Government spending 64 34.1
Fiscal health 49.8 83.5
Business freedom 71.2 78.7
Labor freedom 59.1 62.7
Monetary freedom 71.9 77.5
Trade freedom 71.4 79.4
Investment freedom 60 70
Financial freedom 60 50

Economic freedom comparison by year

Colombia
Slovenia
1x
Year Economic freedom index
Colombia Slovenia
2026 59.8 69.7
2025 59.8 68.3
2024 59.2 65.9
2023 63.1 68.5
2022 65.1 70.5
2021 68.1 68.3
2020 69.2 67.8
2019 67.3 65.5
2018 68.9 64.8
2017 69.7 59.2
2016 70.8 60.6
2015 71.7 60.3
2014 70.7 62.7
2013 69.6 61.7
2012 68 62.9
2011 68 64.6
2010 65.5 64.7
2009 62.3 62.9
2008 62.2 60.2
2007 59.9 59.6
2006 60.4 61.9
2005 59.6 59.6
2004 61.2 59.2
2003 64.2 57.7
2002 64.2 57.8
2001 65.6 61.8
2000 63.3 58.3
1999 65.3 61.3
1998 65.5 60.7
1997 66.4 55.6
1996 64.3 50.4
1995 64.5 -

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

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

The Economic Freedom Index for Colombia is 59.8, ranking 101/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Colombia Slovenia
Services, % of GDP
58.1%
2024
57.9%
2024
Industry, % of GDP
23.1%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
9.28%
2024
1.54%
2024
GNI, Atlas method
$372B
2024
$67.6B
2024
GNI per capita, PPP
$21,890
2024
$56,520
2024
Total reserves including gold
$61.9B
2024
$2.83B
2024
Total reserves ranking
38/177
2024
118/177
2024
Net foreign direct investment
-$9.17B
2024
-$405M
2024
Net inflows of foreign direct investment
$13.7B
2024
$1.87B
2024
Net outflows of foreign direct investment
$4.51B
2024
$1.46B
2024
Servicing debt to the IMF, % of GNI
8.25%
2024
n/a
Poverty at national poverty lines
31.8%
2024
12.7%
2022
Gross capital formation, % of GDP
16.8%
2024
21.5%
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/slovenia | 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)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.