The Central Bank of Colombia published its National Financial Accounts by Institutional Sector bulletin for Q4 2025, reporting that the economy’s current account deficit reached 2.7% of quarterly GDP, up from 1.7% in Q4 2024, and that Colombia ended 2025 with a net debtor position vis-à-vis the rest of the world equivalent to -45.9% of annual GDP. The bulletin also publishes, for the first time, a consolidated balance series with counterparties for 2022 Q1 to 2024 Q4, which resulted in revisions to non-consolidated balances for 2022 Q1 to 2024 Q4 and re-estimates of 2025 Q1 to 2025 Q3 based on the new 2024 Q4 non-consolidated level. In Q4 2025, the saving-investment deficit was driven mainly by the General Government (-20% of quarterly GDP), partly offset by surpluses in non-financial corporations (12.7%), households (3.8%) and financial corporations (0.7%). Net external financing flows equivalent to 2.7% of quarterly GDP were channelled primarily through securities issuance abroad (1.1%), loan borrowing (1.0%) and higher accounts payable (1.0%), partially offset by a flow of deposits abroad of 0.9%. By sector at end-2025, non-financial corporations (-69.6% of annual GDP) and the General Government (-44.8%) were net external debtors, while households (61.1%) and financial corporations (7.2%) were net creditors; by instrument, the net debtor position was mainly associated with equity (-31.6% of annual GDP) and loans (-17.1%), partly offset by Colombians’ deposits held abroad (5.9%) and a net position in debt securities (4.2%).
Central Bank of Colombia 2026-03-27
Central Bank of Colombia publishes revised Q4 2025 sectoral financial accounts showing current account deficit at 2.7% of quarterly GDP
The Central Bank of Colombia's Q4 2025 National Financial Accounts bulletin reports a current account deficit of 2.7% of GDP, up from 1.7% in Q4 2024, and a net debtor position of -45.9% of annual GDP. The saving-investment deficit was primarily due to the General Government, with non-financial corporations, households, and financial corporations showing surpluses. Net external financing flows were mainly through securities issuance, loan borrowing, and higher accounts payable, with non-financial corporations and the General Government as net external debtors, while households and financial corporations were creditors.