Colombia vs South Korea: Taxes on goods and services
Taxes on goods and services over time
- Colombia
- South Korea
How they compare
Colombia currently reports 122.84 trillion current LCU against 114.81 trillion current LCU in South Korea, a difference of 8.03 trillion current LCU.
That makes Colombia's figure about 1.1 times South Korea's.
The two have swapped places 1 time across 19 shared years of data; in 1998 it was South Korea ahead.
Colombia ranks 3rd and South Korea ranks 4th of 157 countries.
South Korea has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Colombia | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 7.05 trillion current LCU | 27.40 trillion current LCU | 20.35 trillion current LCU | South Korea |
| 2000s | 25.14 trillion current LCU | 61.80 trillion current LCU | 36.66 trillion current LCU | South Korea |
| 2010s | 52.44 trillion current LCU | 92.13 trillion current LCU | 39.69 trillion current LCU | South Korea |
| 2020s | 101.92 trillion current LCU | 113.19 trillion current LCU | 11.27 trillion current LCU | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Colombia or South Korea?
- Colombia, at 122.84 trillion current LCU against 114.81 trillion current LCU in South Korea as of 2024.
- What is the difference in taxes on goods and services between Colombia and South Korea?
- 8.03 trillion current LCU, with Colombia ahead.
- How many years of comparable data are there for Colombia and South Korea?
- 19 years are reported by both, from 1998 to 2024.
- How do Colombia and South Korea rank globally for taxes on goods and services?
- Colombia ranks 3rd and South Korea ranks 4th of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on goods and services (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.