Debt+of+Colombia

The Colombian external debt is $57.74 billion as of December 31, 2010. Its Public Debt is 45.3% of its GDP as of 2010.

The growth of the public and external debt has been exponentially increasing since the 1990s due to an amalgamation of implemented monetary and fiscal policies during the 90's. The balance grew from 16% of the GDP in 1990 to 53% in 2003, not including the debt of local authorities (departments and municipalities, or public enterprises). However, it has been decreasing since 2009. http://en.wikipedia.org/wiki/Economy_of_Colombia

Rate of Change of General Government Gross Debt http://www.indexmundi.com/colombia/public_debt.html
 * Year || General government gross debt || Percent Change ||
 * 1996 || 23.335 ||  ||
 * 1997 || 25.316 || 8.49 % ||
 * 1998 || 27.513 || 8.68 % ||
 * 1999 || 34.054 || 23.77 % ||
 * 2000 || 36.342 || 6.72 % ||
 * 2001 || 40.919 || 12.59 % ||
 * 2002 || 43.924 || 7.34 % ||
 * 2003 || 45.629 || 3.88 % ||
 * 2004 || 42.897 || -5.99 % ||
 * 2005 || 38.541 || -10.15 % ||
 * 2006 || 36.78 || -4.57 % ||
 * 2007 || 32.685 || -11.13 % ||
 * 2008 || 30.817 || -5.72 % ||
 * 2009 || 35.819 || 16.23 % ||
 * 2010 || 36.013 || 0.54 % ||