Social contributions in Colombia
Colombia: Social contributions was 19.9% in 2024. ▲ Rising
Social contributions in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Colombia recorded 19.9% for social contributions in 2024.
Compared with earlier readings it is up 11.0% on the previous year and up 25.1% over ten years.
Over the whole period, social contributions in Colombia peaked at 20.1% in 2012 and was at its lowest, 7.3%, in 2017.
That places Colombia 44th out of 112 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Social contributions in Colombia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 7.9% | — |
| 1999 | 8.2% | +3.6% |
| 2000 | 7.6% | -6.7% |
| 2003 | 11.0% | +44.7% |
| 2008 | 17.0% | +54.4% |
| 2009 | 13.6% | -20.4% |
| 2010 | 12.5% | -8.2% |
| 2011 | 18.0% | +44.5% |
| 2012 | 20.1% | +11.5% |
| 2013 | 13.0% | -35.3% |
| 2014 | 15.9% | +22.6% |
| 2015 | 16.4% | +3.0% |
| 2016 | 18.2% | +11.1% |
| 2017 | 7.3% | -60.0% |
| 2018 | 16.5% | +127.1% |
| 2019 | 15.2% | -8.0% |
| 2020 | 15.6% | +2.4% |
| 2021 | 20.0% | +28.5% |
| 2022 | 19.0% | -4.8% |
| 2023 | 17.9% | -5.8% |
| 2024 | 19.9% | +11.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.0% | 7.9% | 8.2% | 2 |
| 2000s | 12.3% | 7.6% | 17.0% | 4 |
| 2010s | 15.3% | 7.3% | 20.1% | 10 |
| 2020s | 18.5% | 15.6% | 20.0% | 5 |
Countries ranked near Colombia
More public sector data for Colombia
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.3593 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 533.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 19.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 285.45 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0359 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 40.05 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 15.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2.7 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is social contributions in Colombia?
- Social contributions in Colombia was 19.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Colombia?
- The highest recorded value was 20.1% in 2012.
- What is the lowest social contributions recorded in Colombia?
- The lowest recorded value was 7.3% in 2017.
- How does Colombia rank for social contributions?
- Colombia ranks 44th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Colombia?
- Over the last ten years it is up 25.1%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Social contributions (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.