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Economy of Colombia vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Colombia has a GDP of $419B compared to $41.5B for Zimbabwe, ranking 39/197 and 102/197 by economy size, respectively.

Colombia has $256B in government debt (61.2% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Colombia vs Zimbabwe GDP by year

Colombia
Zimbabwe
1x
Year GDP, current $
Colombia Zimbabwe
2024 $418,818,154,879 $41,539,411,516
2023 $366,291,836,138 $35,871,779,681
2022 $345,632,492,851 $40,757,561,709
2021 $318,524,633,225 $41,287,673,690
2020 $270,348,342,541 $31,980,334,561
2019 $323,031,701,193 $33,357,695,635
2018 $334,198,218,098 $34,141,666,667
2017 $311,866,875,157 $51,035,657,371
2016 $282,720,100,286 $20,559,250,000
2015 $293,492,370,193 $19,973,250,000
2014 $381,240,864,422 $19,505,500,000
2013 $382,093,697,078 $19,100,750,000
2012 $370,691,143,018 $17,123,500,000
2011 $334,966,134,805 $14,109,000,000
2010 $286,498,534,095 $12,047,750,000
2009 $232,468,663,110 $9,670,750,000
2008 $242,504,150,473 $4,418,000,000
2007 $206,229,540,926 $5,294,750,000
2006 $161,792,958,905 $5,446,750,000
2005 $145,600,529,606 $5,758,250,000
2004 $117,092,416,666 $5,808,500,000
2003 $94,644,969,157 $5,730,500,000
2002 $97,945,812,803 $6,345,250,000
2001 $98,200,641,203 $6,780,750,000
2000 $99,875,074,951 $6,693,250,000
1999 $86,186,158,685 $6,861,500,000
1998 $98,443,739,941 $6,405,250,000
1997 $106,659,508,271 $8,534,000,000
1996 $97,160,109,278 $8,557,500,000
1995 $92,507,279,383 $7,115,000,000
1994 $81,703,500,846 $6,894,250,000
1993 $66,446,804,803 $6,567,250,000
1992 $58,418,985,443 $6,755,000,000
1991 $49,175,565,911 $8,646,000,000
1990 $47,844,090,710 $8,788,301,546
1989 $39,540,080,200 $8,290,553,535
1988 $39,212,550,050 $7,818,774,177
1987 $36,373,307,085 $6,744,657,033
1986 $34,942,489,684 $6,220,698,247
1985 $34,894,411,352 $5,640,137,575
1984 $38,253,120,738 $6,355,369,172
1983 $38,729,822,782 $7,768,031,182
1982 $38,968,039,722 $8,544,060,905
1981 $36,388,366,869 $8,015,464,252
1980 $33,400,735,644 $6,682,278,300
1979 $27,940,411,250 $5,180,102,910
1978 $23,263,511,958 $4,353,822,343
1977 $19,470,960,619 $4,366,610,469
1976 $15,341,403,660 $4,320,576,877
1975 $13,098,633,902 $4,373,532,601
1974 $12,370,029,584 $3,984,194,614
1973 $10,315,760,000 $3,311,043,292
1972 $8,671,358,733 $2,679,096,597
1971 $7,820,380,971 $2,179,828,710
1970 $7,198,360,460 $1,885,168,339
1969 $6,450,175,214 $1,748,891,294
1968 $5,960,212,869 $1,480,355,355
1967 $5,825,170,438 $1,397,715,282
1966 $5,428,518,519 $1,282,403,936
1965 $5,760,761,905 $1,312,105,394
1964 $5,973,366,667 $1,217,759,447
1963 $4,836,166,667 $1,160,103,724
1962 $4,955,543,963 $1,118,172,226
1961 $4,540,447,761 $1,097,206,526
1960 $4,031,152,977 $1,053,528,036

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

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

GDP per capita in Colombia vs Zimbabwe by year

Colombia
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Colombia Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,919 $22,349 $2,497 $5,928
2023 $7,001 $21,246 $2,195 $5,791
2022 $6,680 $20,854 $2,536 $5,396
2021 $6,223 $17,383 $2,614 $4,827
2020 $5,340 $15,519 $2,060 $4,179
2019 $6,473 $16,182 $2,184 $4,166
2018 $6,817 $15,239 $2,271 $3,993
2017 $6,480 $14,401 $3,445 $10,756
2016 $5,960 $14,027 $1,408 $4,275
2015 $6,249 $13,332 $1,387 $4,046
2014 $8,187 $13,355 $1,373 $3,903
2013 $8,279 $12,780 $1,363 $3,784
2012 $8,109 $12,093 $1,239 $3,472
2011 $7,401 $11,707 $1,038 $3,047
2010 $6,398 $10,841 $902 $2,661
2009 $5,251 $10,367 $736 $2,233
2008 $5,542 $10,307 $341 $1,987
2007 $4,770 $9,909 $414 $2,396
2006 $3,790 $9,154 $431 $2,454
2005 $3,456 $8,432 $461 $2,496
2004 $2,819 $7,909 $470 $2,591
2003 $2,312 $7,420 $468 $2,708
2002 $2,429 $7,109 $525 $3,238
2001 $2,473 $6,935 $566 $3,533
2000 $2,555 $6,776 $563 $3,429
1999 $2,241 $6,544 $582 $3,491
1998 $2,605 $6,854 $552 $3,527
1997 $2,873 $6,861 $751 $3,457
1996 $2,665 $6,639 $767 $3,372
1995 $2,584 $6,506 $648 $3,051
1994 $2,326 $6,174 $634 $3,012
1993 $1,929 $5,826 $605 $2,703
1992 $1,730 $5,509 $631 $2,651
1991 $1,486 $5,281 $831 $2,930
1990 $1,475 $5,109 $867 $2,757
1989 $1,244 - $840 -
1988 $1,260 - $816 -
1987 $1,193 - $726 -
1986 $1,169 - $693 -
1985 $1,192 - $649 -
1984 $1,336 - $757 -
1983 $1,384 - $959 -
1982 $1,425 - $1,096 -
1981 $1,362 - $1,069 -
1980 $1,280 - $949 -
1979 $1,095 - $779 -
1978 $932 - $665 -
1977 $798 - $677 -
1976 $643 - $687 -
1975 $561 - $717 -
1974 $542 - $674 -
1973 $462 - $579 -
1972 $397 - $483 -
1971 $367 - $406 -
1970 $346 - $361 -
1969 $318 - $346 -
1968 $302 - $302 -
1967 $303 - $294.4 -
1966 $290.3 - $278.7 -
1965 $317 - $294.3 -
1964 $339 - $281.9 -
1963 $282.6 - $277.1 -
1962 $298.5 - $275.7 -
1961 $282.1 - $279.2 -
1960 $258.3 - $276.6 -

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

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

Colombia's GDP per capita is $7,919, ranking 94/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Colombia ranks 87th at $22,349, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Colombia Zimbabwe
Gross domestic product
$419B
2024
$41.5B
2024
GDP rank
39/197
2024
102/197
2024
GDP growth
1.6%
2023-2024
1.74%
2023-2024
GDP per capita
$7,919
2024
$2,497
2024
GDP per capita rank
94/197
2024
148/197
2024
GDP per capita, PPP
$22,349
2024
$5,928
2024
GDP per capita PPP rank
87/197
2024
154/197
2024
Government debt
$256B
2024
$30.3B
2024
Debt-to-GDP ratio
61.2%
2024
73%
2024
Government debt per person
$4,849
2024
$1,824
2024
Government debt per person rank
82/185
2024
121/185
2024
Average annual personal income after taxes
$5,722
2026
$2,897
2026
Market capitalization of domestic companies
$72.6B
2024
$2.46B
1999
Number of billionaires
4
2025
1
2025
Income share by richest 10%
42.7%
2023
40.5%
2019
Income share by poorest 10%
1.1%
2023
1.9%
2019
Government expenditure, % of GDP
34.6%
2024
12.9%
2024
Consumer prices inflation
6.61%
2023-2024
736%
2023-2024
Central bank interest rate
9.25%
2025
35%
2024
Unemployment rate
9.62%
2024
12.1%
2024
Population
54105437
17361868

Spending and national debt comparison by year

Colombia
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Colombia Zimbabwe
Government spending Government debt Government spending Government debt
2024 34.6% 61.2% 12.9% 73%
2023 35.1% 55.5% 15.5% 76.1%
2022 34.1% 61.3% 14.4% 66.8%
2021 34.5% 64.4% 12.8% 39.9%
2020 33.7% 65.3% 9.27% 56.8%
2019 32.9% 51% 9.36% 53.9%
2018 34.7% 51.8% 13.9% 33%
2017 29.3% 49.4% 19.8% 49%
2016 30% 49.9% 16.6% 35.1%
2015 31.3% 50.4% 14.7% 34.1%
2014 31.3% 43.3% 14.1% 29.2%
2013 30% 37.6% 14.7% 26.4%
2012 29.1% 34% 14.6% 27.2%
2011 30.2% 35.8% 16.2% 30%
2010 30.4% 36.5% 12.8% 33.2%
2009 30.9% 35.4% 7.93% 39.7%
2008 28.4% 32.4% 2.54% 41.3%
2007 28.2% 32.7% 3.43% 30.2%
2006 28.4% 36% 5.72% 26.7%
2005 25.9% 38.5% 10.5% 22.4%
2004 26.6% 41.5% - -
2003 28% 45% - -
2002 28.1% 47.5% - -
2001 27.5% 41.1% - -
2000 26.6% 38% - -
1999 28.2% 34% - -
1998 26.3% 27.4% - -
1997 26.2% 25.3% - -
1996 25.1% 23.3% - -
1995 22.2% 13.8% - -
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/zimbabwe | CC BY

In 2024, Colombia's government spending was $145B, accounting for 34.6% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 61.2% in Colombia and 73% in Zimbabwe, ranking 75/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Colombia

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Colombia Zimbabwe
2024 -6.25% -1.06%
2023 -2.92% -3.9%
2022 -6.34% -3.3%
2021 -7.26% -2.24%
2020 -7.12% -0.34%
2019 -3.48% -1.72%
2018 -4.67% -3.81%
2017 -2.5% -7.37%
2016 -2.27% -4.63%
2015 -3.52% -1.45%
2014 -1.74% -0.71%
2013 -1.02% -0.69%
2012 0.15% -0.13%
2011 -1.99% -1.72%
2010 -3.3% -0.11%
2009 -2.67% -1.39%
2008 0.04% -1.2%
2007 -0.82% -1.67%
2006 -0.99% -1.4%
2005 -0.02% -3.46%
2004 -1.31% -
2003 -2.7% -
2002 -3.45% -
2001 -2.71% -
2000 -2.94% -
1999 -5.37% -
1998 -3.86% -
1997 -3.23% -
1996 -2.49% -
1995 -1% -
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/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, Colombia recorded a fiscal deficit in 18 of those years, while Zimbabwe ran a deficit in 20 years. On average, Colombia posted an annual deficit equal to 2.94% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Colombia

Zimbabwe
1x
Year Consumer prices inflation
Colombia Zimbabwe
2024 6.61% 736%
2023 11.7% 667%
2022 10.2% 193.4%
2021 3.5% 98.5%
2020 2.53% 557%
2019 3.52% 255.3%
2018 3.24% 10.6%
2017 4.31% 0.9%
2016 7.51% -1.6%
2015 4.99% -2.4%
2014 2.9% -0.2%
2013 2.02% 1.6%
2012 3.17% 3.7%
2011 3.42% 3.5%
2010 2.27% 3%
2009 4.2% 6.2%
2008 7% 157%
2007 5.54% -72.7%
2006 4.29% 33%
2005 5.05% -31.5%
2004 5.9% 113.6%
2003 7.13% -8.6%
2002 6.35% -34.4%
2001 7.97% -37.2%
2000 9.23% 4.5%
1999 10.9% -13.4%
1998 18.7% -28%
1997 18.5% -1%

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/zimbabwe | CC BY

Over the past 28 years, Colombia has recorded an average annual inflation rate of 6.52%, compared with 93.4% in Zimbabwe. In 2024, inflation was 6.61% in Colombia and 736% in Zimbabwe.

Top exports between countries

Colombia
Export category Export value
Chemicals & pharma $312K
Machinery & equipment $11K
Zimbabwe
Export category Export value
Chemicals & pharma $8K

Balance of trade

Colombia Zimbabwe
Current account balance
-$6.88B
2024
$501M
2024
Current account balance ranking
172/190
2024
62/190
2024
Current account balance, % of GDP
-1.64%
2024
+1.21%
2024
Goods imports
$60.2B
2024
$9.06B
2024
Goods exports
$51.1B
2024
$7.79B
2024
Service imports
$18.5B
2024
$1.66B
2024
Service exports
$18.1B
2024
$457M
2024
Imports of goods and services, % of GDP
20.9%
2024
23.4%
2024
Exports of goods and services, % of GDP
16.1%
2024
18%
2024

Economic freedom indices

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

Colombia Zimbabwe
Economic freedom 59.8 35.2
Economic freedom ranking 101/197 190/197
Property rights 43.1 19.4
Government integrity 41.6 20.7
Judicial effectiveness 57.4 16.8
Tax burden 68.6 73.6
Government spending 64 93.9
Fiscal health 49.8 52.4
Business freedom 71.2 42
Labor freedom 59.1 33.3
Monetary freedom 71.9 0
Trade freedom 71.4 50.4
Investment freedom 60 10
Financial freedom 60 10

Economic freedom comparison by year

Colombia
Zimbabwe
1x
Year Economic freedom index
Colombia Zimbabwe
2026 59.8 35.2
2025 59.8 35.1
2024 59.2 38.2
2023 63.1 39
2022 65.1 33.1
2021 68.1 39.5
2020 69.2 43.1
2019 67.3 40.4
2018 68.9 44
2017 69.7 44
2016 70.8 38.2
2015 71.7 37.6
2014 70.7 35.5
2013 69.6 28.6
2012 68 26.3
2011 68 22.1
2010 65.5 21.4
2009 62.3 22.7
2008 62.2 29.5
2007 59.9 32
2006 60.4 33.5
2005 59.6 35.2
2004 61.2 34.4
2003 64.2 36.7
2002 64.2 36.7
2001 65.6 38.8
2000 63.3 48.7
1999 65.3 47.2
1998 65.5 44.6
1997 66.4 48
1996 64.3 46.7
1995 64.5 48.5

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

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

The Economic Freedom Index for Colombia is 59.8, ranking 101/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Colombia Zimbabwe
Services, % of GDP
58.1%
2024
50.6%
2024
Industry, % of GDP
23.1%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
9.28%
2024
8.69%
2024
GNI, Atlas method
$372B
2024
$39.9B
2024
GNI per capita, PPP
$21,890
2024
$5,870
2024
Total reserves including gold
$61.9B
2024
$485M
2024
Total reserves ranking
38/177
2024
157/177
2024
Net foreign direct investment
-$9.17B
2024
-$465M
2024
Net inflows of foreign direct investment
$13.7B
2024
$465M
2024
Net outflows of foreign direct investment
$4.51B
2024
$131M
2024
Servicing debt to the IMF, % of GNI
8.25%
2024
3.44%
2024
Poverty at national poverty lines
31.8%
2024
38.3%
2019
Gross capital formation, % of GDP
16.8%
2024
8.85%
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/zimbabwe | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1905–1995, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (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.