Subsidies and other transfers (% of expense) in Colombia
Colombia: Subsidies and other transfers (% of expense) 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 (% of expense) 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% |
Colombia compared with similar countries
- Colombia's 60.8% is above the median for upper middle income countries, which is 35.7%, 1.7× the median. (46 countries reporting)
- Colombia's 60.8% is above the median for Latin America & Caribbean, which is 34.3%, 1.8× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Subsidies and other transfers (% of expense) in Colombia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +46.9% | 34.9% | 51.2% |
| 2003 | +35.2% | 30.5% | 41.2% |
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
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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.