Colombia’s Twin Deficits Deepen as Fiscal and External Gaps Widen Together

2026-03-02 - 18:23

Key Points — Colombia’s current account deficit hit $10.9 billion in 2025, or 2.4% of GDP, up $3.9 billion from the previous year — A fiscal deficit of 6.4% of GDP places the country squarely in twin-deficit territory, a classification carrying real consequences for borrowing costs — Three credit downgrades in six months, the loss