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Economy of Colombia vs Yemen compared: GDP & Debt

Updated on by Georank team

Colombia has a GDP of $419B compared to $21.6B for Yemen, ranking 39/197 and 125/197 by economy size, respectively.

Colombia has $256B in government debt (61.2% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Colombia vs Yemen GDP by year

Colombia
Yemen
1x
Year GDP, current $
Colombia Yemen
2024 $418,818,154,879 -
2023 $366,291,836,138 -
2022 $345,632,492,851 -
2021 $318,524,633,225 -
2020 $270,348,342,541 -
2019 $323,031,701,193 -
2018 $334,198,218,098 $21,606,160,663
2017 $311,866,875,157 $26,842,229,045
2016 $282,720,100,286 $31,317,825,274
2015 $293,492,370,193 $42,444,490,074
2014 $381,240,864,422 $43,228,585,321
2013 $382,093,697,078 $40,415,233,436
2012 $370,691,143,018 $35,401,331,610
2011 $334,966,134,805 $32,726,417,878
2010 $286,498,534,095 $30,906,749,533
2009 $232,468,663,110 $25,130,278,213
2008 $242,504,150,473 $26,910,855,807
2007 $206,229,540,926 $21,650,528,674
2006 $161,792,958,905 $19,063,143,370
2005 $145,600,529,606 $16,731,566,717
2004 $117,092,416,666 $13,867,634,371
2003 $94,644,969,157 $11,777,532,662
2002 $97,945,812,803 $10,693,430,511
2001 $98,200,641,203 $9,852,990,693
2000 $99,875,074,951 $9,679,316,770
1999 $86,186,158,685 $7,639,325,296
1998 $98,443,739,941 $6,322,175,566
1997 $106,659,508,271 $6,838,298,531
1996 $97,160,109,278 $6,496,163,616
1995 $92,507,279,383 $12,796,345,679
1994 $81,703,500,846 $28,019,483,764
1993 $66,446,804,803 $21,736,802,664
1992 $58,418,985,443 $17,959,367,194
1991 $49,175,565,911 $14,665,445,462
1990 $47,844,090,710 $12,643,821,569
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/yemen | CC BY

GDP per capita in Colombia vs Yemen by year

Colombia
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Colombia Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,919 $22,349 - -
2023 $7,001 $21,246 - -
2022 $6,680 $20,854 - -
2021 $6,223 $17,383 - -
2020 $5,340 $15,519 - -
2019 $6,473 $16,182 - -
2018 $6,817 $15,239 $634 -
2017 $6,480 $14,401 $811 -
2016 $5,960 $14,027 $975 -
2015 $6,249 $13,332 $1,362 -
2014 $8,187 $13,355 $1,430 -
2013 $8,279 $12,780 $1,379 $3,164
2012 $8,109 $12,093 $1,245 $3,005
2011 $7,401 $11,707 $1,186 $3,113
2010 $6,398 $10,841 $1,155 $3,603
2009 $5,251 $10,367 $969 $3,411
2008 $5,542 $10,307 $1,072 $3,370
2007 $4,770 $9,909 $890 $3,294
2006 $3,790 $9,154 $810 $3,205
2005 $3,456 $8,432 $734 $3,113
2004 $2,819 $7,909 $628 $2,949
2003 $2,312 $7,420 $549 $2,844
2002 $2,429 $7,109 $513 $2,768
2001 $2,473 $6,935 $487 $2,702
2000 $2,555 $6,776 $493 $2,624
1999 $2,241 $6,544 $401 $2,492
1998 $2,605 $6,854 $343 $2,442
1997 $2,873 $6,861 $383 $2,351
1996 $2,665 $6,639 $375 $2,268
1995 $2,584 $6,506 $764 $2,201
1994 $2,326 $6,174 $1,735 $2,115
1993 $1,929 $5,826 $1,397 $2,013
1992 $1,730 $5,509 $1,198 $1,963
1991 $1,486 $5,281 $1,016 $1,843
1990 $1,475 $5,109 $910 $1,742
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/yemen | CC BY

Colombia's GDP per capita is $7,919, ranking 94/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Colombia ranks 87th at $22,349, while Yemen ranks 178th at $3,164.

Economic indicators

Colombia Yemen
Gross domestic product
$419B
2024
$21.6B
2018
GDP rank
39/197
2024
125/197
2018
GDP growth
1.6%
2023-2024
0.75%
2017-2018
GDP per capita
$7,919
2024
$634
2018
GDP per capita rank
94/197
2024
191/197
2018
GDP per capita, PPP
$22,349
2024
$3,164
2013
GDP per capita PPP rank
87/197
2024
178/197
2013
Government debt
$256B
2024
$18.8B
2018
Debt-to-GDP ratio
61.2%
2024
70.9%
2024
Government debt per person
$4,849
2024
$551
2018
Government debt per person rank
82/185
2024
165/185
2018
Average annual personal income after taxes
$5,722
2026
$1,127
2026
Market capitalization of domestic companies
$72.6B
2024
n/a
Number of billionaires
4
2025
n/a
Income share by richest 10%
42.7%
2023
29.4%
2014
Income share by poorest 10%
1.1%
2023
3%
2014
Government expenditure, % of GDP
34.6%
2024
8.91%
2024
Consumer prices inflation
6.61%
2023-2024
33.9%
2023-2024
Central bank interest rate
9.25%
2025
n/a
Unemployment rate
9.62%
2024
13.5%
2014
Population
54105437
43325643

Spending and national debt comparison by year

Colombia
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Colombia Yemen
Government spending Government debt Government spending Government debt
2024 34.6% 61.2% 8.91% 70.9%
2023 35.1% 55.5% 11.8% 77.9%
2022 34.1% 61.3% 12.2% 65.3%
2021 34.5% 64.4% 8.22% 75.9%
2020 33.7% 65.3% 10.6% 87%
2019 32.9% 51% 13.2% 91.5%
2018 34.7% 51.8% 14.3% 86.9%
2017 29.3% 49.4% 8.39% 83.8%
2016 30% 49.9% 16.1% 76.5%
2015 31.3% 50.4% 19.4% 57.7%
2014 31.3% 43.3% 27.8% 48.9%
2013 30% 37.6% 30.8% 48.4%
2012 29.1% 34% 36.2% 47.6%
2011 30.2% 35.8% 29.8% 45.7%
2010 30.4% 36.5% 30.2% 42.4%
2009 30.9% 35.4% 35.2% 49.8%
2008 28.4% 32.4% 41.2% 36.4%
2007 28.2% 32.7% 40.3% 40.4%
2006 28.4% 36% 37.4% 40.8%
2005 25.9% 38.5% 36.8% 43.8%
2004 26.6% 41.5% 34.2% 52.1%
2003 28% 45% 35.3% 56.8%
2002 28.1% 47.5% 30.8% 57.8%
2001 27.5% 41.1% 30.5% 60.6%
2000 26.6% 38% 31.7% 60.8%
1999 28.2% 34% 28.2% 96.1%
1998 26.3% 27.4% 34.3% 110.6%
1997 26.2% 25.3% 34.2% 74.2%
1996 25.1% 23.3% 30.7% 114.9%
1995 22.2% 13.8% 24.1% 84.1%
1994 20.6% 12.5% 25.2% 73.3%
1993 20% 14.2% 25.8% 76.7%
1992 18.4% 16.1% 24.6% 78%
1991 17.7% 14.5% 24.7% 82.7%
1990 17.4% 16.7% 26.6% 91.6%
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 (1960–1998, retrieved 2026-02-20).

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

In 2024, Colombia's government spending was $145B, accounting for 34.6% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 61.2% in Colombia and 70.9% in Yemen, ranking 75/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Colombia

Yemen
1x
Year Deficit/surplus, % of GDP
Colombia Yemen
2024 -6.25% -2.48%
2023 -2.92% -5.63%
2022 -6.34% -2.15%
2021 -7.26% -0.89%
2020 -7.12% -4.3%
2019 -3.48% -5.89%
2018 -4.67% -7.85%
2017 -2.5% -4.9%
2016 -2.27% -8.51%
2015 -3.52% -8.75%
2014 -1.74% -4.14%
2013 -1.02% -6.9%
2012 0.15% -6.32%
2011 -1.99% -4.51%
2010 -3.3% -4.06%
2009 -2.67% -10.2%
2008 0.04% -4.53%
2007 -0.82% -7.18%
2006 -0.99% 1.19%
2005 -0.02% -1.82%
2004 -1.31% -2.15%
2003 -2.7% -4.2%
2002 -3.45% -0.56%
2001 -2.71% 2.79%
2000 -2.94% 6.09%
1999 -5.37% 0.06%
1998 -3.86% -7.77%
1997 -3.23% -1.5%
1996 -2.49% -0.92%
1995 -1% -5.74%
1994 -0.14% -14%
1993 -0.24% -12.8%
1992 -0.07% -10.9%
1991 0.35% -5.76%
1990 -0.41% -10.3%
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/yemen | CC BY

In 2018, Colombia's government deficit, the difference between spending and revenue, was $15.6B, equivalent to 4.67% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Colombia recorded a fiscal deficit in 26 of those years, while Yemen ran a deficit in 25 years. On average, Colombia posted an annual deficit equal to 1.89% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Colombia

Yemen
1x
Year Consumer prices inflation
Colombia Yemen
2024 6.61% 33.9%
2023 11.7% 0.9%
2022 10.2% 29.5%
2021 3.5% 31.5%
2020 2.53% 21.7%
2019 3.52% 15.7%
2018 3.24% 33.6%
2017 4.31% 30.4%
2016 7.51% 21.3%
2015 4.99% 22%
2014 2.9% 8.2%
2013 2.02% 11%
2012 3.17% 9.9%
2011 3.42% 19.5%
2010 2.27% 11.2%
2009 4.2% 3.7%
2008 7% 19%
2007 5.54% 7.9%
2006 4.29% 10.8%
2005 5.05% 9.9%
2004 5.9% 12.5%
2003 7.13% 10.8%
2002 6.35% 12.2%
2001 7.97% 11.9%
2000 9.23% 11%
1999 10.9% 7.9%
1998 18.7% 11.5%
1997 18.5% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Colombia has recorded an average annual inflation rate of 6.52%, compared with 15.5% in Yemen. In 2024, inflation was 6.61% in Colombia and 33.9% in Yemen.

Top exports between countries

Colombia
Export category Export value
Processed food, beverages & tobacco $193K
Chemicals & pharma $128K
Raw materials & minerals $114K
Machinery & equipment $19K
Textiles & consumer goods $1K
Wood & paper products $1K
Yemen
Export category Export value

Balance of trade

Colombia Yemen
Current account balance
-$6.88B
2024
-$2.42B
2016
Current account balance ranking
172/190
2024
148/190
2016
Current account balance, % of GDP
-1.64%
2024
-7.72%
2016
Goods imports
$60.2B
2024
$6.8B
2016
Goods exports
$51.1B
2024
$473M
2016
Service imports
$18.5B
2024
$1.46B
2016
Service exports
$18.1B
2024
$466M
2016
Imports of goods and services, % of GDP
20.9%
2024
47.3%
2018
Exports of goods and services, % of GDP
16.1%
2024
8.76%
2018

Economic freedom indices

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

Colombia Yemen
Economic freedom 59.8 53.7
Economic freedom ranking 101/197 138/197
Property rights 43.1 3.5
Government integrity 41.6 6.2
Judicial effectiveness 57.4 9.9
Tax burden 68.6 93.7
Government spending 64 0
Fiscal health 49.8 71.2
Business freedom 71.2 31.3
Labor freedom 59.1 31.2
Monetary freedom 71.9 48.1
Trade freedom 71.4 67.4
Investment freedom 60 50
Financial freedom 60 30

Economic freedom comparison by year

Colombia
Yemen
1x
Year Economic freedom index
Colombia Yemen
2026 59.8 -
2025 59.8 -
2024 59.2 -
2023 63.1 -
2022 65.1 -
2021 68.1 -
2020 69.2 -
2019 67.3 -
2018 68.9 -
2017 69.7 -
2016 70.8 -
2015 71.7 53.7
2014 70.7 55.5
2013 69.6 55.9
2012 68 55.3
2011 68 54.2
2010 65.5 54.4
2009 62.3 56.9
2008 62.2 53.8
2007 59.9 54.1
2006 60.4 52.6
2005 59.6 53.8
2004 61.2 50.5
2003 64.2 50.3
2002 64.2 48.6
2001 65.6 44.3
2000 63.3 44.5
1999 65.3 43.3
1998 65.5 46.1
1997 66.4 48.4
1996 64.3 49.6
1995 64.5 49.8

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

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

The Economic Freedom Index for Colombia is 59.8, ranking 101/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Colombia Yemen
Services, % of GDP
58.1%
2024
41.8%
2018
Industry, % of GDP
23.1%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
9.28%
2024
28.7%
2018
GNI, Atlas method
$372B
2024
$25.3B
2018
GNI per capita, PPP
$21,890
2024
$3,020
2013
Total reserves including gold
$61.9B
2024
$1.25B
2022
Total reserves ranking
38/177
2024
139/177
2022
Net foreign direct investment
-$9.17B
2024
$15.4M
2015
Net inflows of foreign direct investment
$13.7B
2024
-$371M
2019
Net outflows of foreign direct investment
$4.51B
2024
$0
2024
Servicing debt to the IMF, % of GNI
8.25%
2024
0.53%
2018
Poverty at national poverty lines
31.8%
2024
48.6%
2014
Gross capital formation, % of GDP
16.8%
2024
6.18%
2018

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/yemen | 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 (1905–1998, 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.