Subsidies and other transfers in Colombia
Colombia: Subsidies and other transfers was 60.8% in 2023. ▲ Rising
Subsidies and other transfers in Colombia, 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Colombia recorded 60.8% for subsidies and other transfers in 2023. That is the highest value across all 20 years on record.
That represents a change of up 3.5% on the previous year and up 11.1% over ten years.
Over the whole period, subsidies and other transfers in Colombia peaked at 60.8% in 2023 and was at its lowest, 29.1%, in 1999.
Colombia ranks 27th of 152 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Subsidies and other transfers in Colombia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1998 | 29.5% | — |
| 1999 | 29.1% | -1.1% |
| 2000 | 30.5% | +4.6% |
| 2003 | 41.2% | +35.2% |
| 2008 | 40.4% | -2.0% |
| 2009 | 41.4% | +2.5% |
| 2010 | 41.8% | +1.1% |
| 2011 | 34.9% | -16.6% |
| 2012 | 51.2% | +46.9% |
| 2013 | 54.7% | +6.8% |
| 2014 | 58.8% | +7.5% |
| 2015 | 59.9% | +1.9% |
| 2016 | 48.6% | -19.0% |
| 2017 | 55.3% | +14.0% |
| 2018 | 55.8% | +0.8% |
| 2019 | 56.6% | +1.6% |
| 2020 | 58.6% | +3.5% |
| 2021 | 59.1% | +0.9% |
| 2022 | 58.7% | -0.7% |
| 2023 | 60.8% | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.3% | 29.1% | 29.5% | 2 |
| 2000s | 38.3% | 30.5% | 41.4% | 4 |
| 2010s | 51.8% | 34.9% | 59.9% | 10 |
| 2020s | 59.3% | 58.6% | 60.8% | 4 |
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 subsidies and other transfers in Colombia?
- Subsidies and other transfers in Colombia was 60.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Colombia?
- The highest recorded value was 60.8% in 2023.
- What is the lowest subsidies and other transfers recorded in Colombia?
- The lowest recorded value was 29.1% in 1999.
- How does Colombia rank for subsidies and other transfers?
- Colombia ranks 27th out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Colombia?
- Over the last ten years it is up 11.1%. 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 Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.