Spain and Colombia
Trade, culture, science and consular ties connect Spain and Colombia. The High-Level Commission coordinates several areas of cooperation. Language and human connections provide continuity without turning every government decision or business program into a single agenda.
Analysis reviewed: 2026-10-07 · Indicators updated: 2026-10-07The High-Level Commission
The Colombian profile records a High-Level Commission held in Madrid on 18 November 2025.
Economy and scientific cooperation
The preparatory agenda identifies economic-trade and scientific-technological subcommittees.
The recorded meeting of November 2025
The foreign ministry profile confirms the meeting and maintains a register of agreements and conventions.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 2,075.17 M USD | 2025 · UN Comtrade / ESP |
| Goods: Spain to Colombia | 1,317.78 M USD | 2025 · UN Comtrade / ESP |
| Goods: Colombia to Spain | 757.39 M USD | 2025 · UN Comtrade / ESP |
| Services trade | ||
| Export share: Spain to Colombia | 0.3 % | 2025 · UN Comtrade / ESP |
| Export share: Colombia to Spain | ||
| Investment stock: Spain in Colombia | ||
| Investment stock: Colombia in Spain |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2025 · UN Comtrade / ESP · Goods; full year; ESP reporter. Exports normally FOB and imports CIF according to the reporter's coverage. No addition of mirror reports.
- Goods: Spain to Colombia
- 2025 · UN Comtrade / ESP · Goods; full year; ESP reporter. Exports normally FOB and imports CIF according to the reporter's coverage. No addition of mirror reports.
- Goods: Colombia to Spain
- 2025 · UN Comtrade / ESP · Goods; full year; ESP reporter. Exports normally FOB and imports CIF according to the reporter's coverage. No addition of mirror reports.
- Export share: Spain to Colombia
- 2025 · UN Comtrade / ESP · Goods share: ESP exports to the partner / the same reporter's exports to the world, same year.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
| Indicator | Spain | Colombia |
|---|---|---|
| Nominal GDP | 1.91 trillion USD2025 · WB | 457.41 billion USD2025 · WB |
| GDP per capita | 38,627.25 USD2025 · WB | 8,561.62 USD2025 · WB |
| GDP growth | 2.82 %2025 · WB | 2.64 %2025 · WB |
| Policy interest rate | 2.5 %2026-09-16 · BCE | |
| Inflation · annual average | 2.7 %Annual average · 2025 · WB | 5.14 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 4.9 %provisionalprovisionalYear-on-year · Sept. 2026 · INE | |
| Unemployment | 10.38 %ILO est.2025 · WB | 8.29 %ILO est.2025 · WB |
| Budget balance (% of GDP) | -2.5 %IMF est.2025 · IMF | -5.7 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 100.4 %IMF est.2025 · IMF | 59.9 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | 2.94 %2025 · WB | -2.38 %2025 · WB |
| Population | 49,355,1432025 · WB | 53,425,6352025 · WB |
| Area | 505,976 km²2023 · BM / FAO | 1,140,619 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDSpain: 2025 · World BankColombia: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP per capita
- Current USD per personSpain: 2025 · World BankColombia: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP growth
- Annual real change (%)Spain: 2025 · World BankColombia: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Policy interest rate
- Central bank instrument (%)Spain: 2026-09-16 · ECB deposit facility; shared euro-area rate · European Central Bank
- Inflation · annual average
- Average annual change in headline CPI (%)Spain: 2025 · Annual average change in CPI (%) · World BankColombia: 2025 · Annual average CPI change (%) · World Bank · Official World Bank series. Observation year, not download date.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedSpain: 2026-09 · Change in headline CPI from the same month of the previous year (%) · Spain's National Statistics Institute (INE) · Published: 2026-09-29 · provisional · Provisional · Advance indicator of headline CPI; final results pending. Not HICP (5.0%) or core inflation (3.1%). Provisional data or an official advance release; subject to revision.
- Unemployment
- % of the labour force; definition used by the stated institutionSpain: 2025 · World Bank · ILO est.Colombia: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Official World Bank series. Observation year, not download date.
- Budget balance
- General government (% of GDP)Spain: 2025 · IMF — World Economic Outlook · IMF est.Colombia: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Spain: 2025 · IMF — World Economic Outlook · IMF est.Colombia: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPSpain: 2025 · World BankColombia: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Population
- PeopleSpain: 2025 · World BankColombia: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Area
- Total area in km²; territorial coverage of the sourceSpain: 2023 · Total area, including inland waters; territorial coverage as defined by the source · World Bank · FAOColombia: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Spain to Colombia
| Product or sector | Value / share |
|---|---|
| Machinery and mechanical appliances | 134.6 M USD2025 · Source |
| Pharmaceutical products | 124.9 M USD2025 · Source |
| Land vehicles and components | 89.3 M USD2025 · Source |
| Electrical and electronic equipment | 76.5 M USD2025 · Source |
| Mineral fuels and oils | 5.6 M USD2025 · Source |
Colombia to Spain
| Product or sector | Value / share |
|---|---|
| Mineral fuels and oils | 70 M USD2025 · Source |
| Machinery and mechanical appliances | 3.1 M USD2025 · Source |
| Electrical and electronic equipment | 2.8 M USD2025 · Source |
| Pharmaceutical products | 0.7 M USD2025 · Source |
| Land vehicles and components | 0.3 M USD2025 · Source |
Connections between people
Education, work, visits and community connections have their own records and procedures. Residents are not equivalent to annual arrivals, and visits may be repeated. The tables retain dates, definitions and sources to distinguish these connections from business contracts and government decisions. [2]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Spain living in Colombia | ||
| Residents from Colombia living in Spain | ||
| Study and training: Spain in Colombia | ||
| Study and training: Colombia in Spain | ||
| Academic stays: Spain in Colombia | ||
| Academic stays: Colombia in Spain | ||
| Travel: Spain to Colombia | ||
| Travel: Colombia to Spain |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
The High-Level Commission
The Colombian profile records a High-Level Commission held in Madrid on 18 November 2025. It is a coordination mechanism between authorities with various responsibilities. The meeting ultimately recorded is distinguished from earlier announcements proposing October. That difference in dates allows the completed event to be retained without presenting a forecast as implementation. [1]
Economy and scientific cooperation
The preparatory agenda identifies economic-trade and scientific-technological subcommittees. Trade, research and investment require different instruments: a call for collaboration is not implemented capital. The customs table observes goods in both directions and does not automatically incorporate services or subsidiaries' sales. Business connections can encompass more countries within production chains. [2]
Culture, education and consular affairs
The cultural-educational and legal-consular subcommittees address other areas of the relationship. University activities, citizen protection and legal procedures do not have a single reference population. A student may also be a resident, so counts are not added together to create total mobility. Institutional programs are distinguished from observed figures. [2]
The scale of the two economies
Spain recorded nominal GDP of 1906.5 billion USD in 2025, compared with 457.4 in 2025 for Colombia. The reference populations were 49.36 million (2025) and 53.43 million (2025), respectively. In the same year, Spain's nominal GDP was 4.17 times Colombia's. The figures contextualize market size; they do not in themselves describe well-being, individual wealth or political influence. IMF estimates or demographic extrapolations retain their markings in the table. A ratio is not calculated when the periods do not match. [4] [5] [6] [7]
Recent developments
Recent developments and latest available data · Reviewed: 2026-10-07
The recorded meeting of November 2025
The foreign ministry profile confirms the meeting and maintains a register of agreements and conventions. Their instruments provide relationship follow-up independently of any individual political officeholder. Trade information for the same year adds economic context without treating each flow's size as evidence that all social, scientific or consular programs have been fulfilled. [1]
Observed economic exchange
In 2025, recorded goods trade between Spain and Colombia totaled USD 2075.2 million. Shipments from Spain to Colombia were 1317.8 million USD; those in the opposite direction were 757.4 million USD. Spain's shipments to the partner represented 0.3 % of its goods exports to the world, using the same year and reporting country. A single customs declaration is used for both directions. This annual flow does not include all services activity or subsidiaries' local sales and is not added to accumulated investment capital. [3]
Milestones and consequences
Sources and data
Periods and scope of the figures
Each figure retains its period, unit, definition and source. Announcements, contracts and results are not interchangeable. Empty cells do not mean zero. Customs data for 2025 are not presented as activity observed during later crises.
- Relationship with Spain and High-Level Commission
Colombian Foreign Ministry · Institutional source · Accessed: 2026-10-07
- Subcommissions' areas of work
Colombia Ministry of Foreign Affairs · Institutional source · Document: 2025 · Accessed: 2026-10-07
- Annual TOTAL X/M; 2025; reporter 724; partners 0,156,380,826,76,484,152,170
UN Comtrade / ESP · Institutional source · Accessed: 2026-10-07
- Official statistics
World Bank · Institutional source · Accessed: 2026-09-17
- NY.GDP.MKTP.CD; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-06
- SP.POP.TOTL; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07
- HS2 27; 2025; reporter 724; partners 156,380,826,76,484,152,170; X/M; annual goods
UN Comtrade / ESP · Institutional source · Accessed: 2026-10-07
- HS2 30; 2025; reporter 724; partners 156,380,826,76,484,152,170; X/M; annual goods
UN Comtrade / ESP · Institutional source · Accessed: 2026-10-07
- HS2 84; 2025; reporter 724; partners 156,380,826,76,484,152,170; X/M; annual goods
UN Comtrade / ESP · Institutional source · Accessed: 2026-10-07
- HS2 85; 2025; reporter 724; partners 156,380,826,76,484,152,170; X/M; annual goods
UN Comtrade / ESP · Institutional source · Accessed: 2026-10-07
- HS2 87; 2025; reporter 724; partners 156,380,826,76,484,152,170; X/M; annual goods
UN Comtrade / ESP · Institutional source · Accessed: 2026-10-07
Additional sources on products and human connections
- UN Comtrade / ESP
2026-10-07 · Accessed: 2026-10-07 · HS2 27; 2025; reporter 724; partners 156,380,826,76,484,152,170; X/M; annual goods.
- UN Comtrade / ESP
2026-10-07 · Accessed: 2026-10-07 · HS2 84; 2025; reporter 724; partners 156,380,826,76,484,152,170; X/M; annual goods.
- UN Comtrade / ESP
2026-10-07 · Accessed: 2026-10-07 · HS2 30; 2025; reporter 724; partners 156,380,826,76,484,152,170; X/M; annual goods.
- UN Comtrade / ESP
2026-10-07 · Accessed: 2026-10-07 · HS2 87; 2025; reporter 724; partners 156,380,826,76,484,152,170; X/M; annual goods.
- UN Comtrade / ESP
2026-10-07 · Accessed: 2026-10-07 · HS2 85; 2025; reporter 724; partners 156,380,826,76,484,152,170; X/M; annual goods.