Tax revenue (current LCU) in Colombia
Colombia: Tax revenue (current LCU) was 260.77 trillion current LCU in 2024. ◆ Volatile
Tax revenue in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for tax revenue in Colombia is 260.77 trillion current LCU, measured in 2024.
That represents a change of down 6.3% on the previous year and up 117.7% over ten years.
Over the whole period, tax revenue in Colombia peaked at 278.28 trillion current LCU in 2023 and was at its lowest, 19.31 trillion current LCU, in 1998.
That places Colombia 4th out of 157 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue (current LCU) in Colombia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1998 | 19.31 trillion current LCU | — |
| 1999 | 20.43 trillion current LCU | +5.8% |
| 2000 | 23.40 trillion current LCU | +14.5% |
| 2003 | 30.66 trillion current LCU | +31.1% |
| 2008 | 62.10 trillion current LCU | +102.5% |
| 2009 | 63.58 trillion current LCU | +2.4% |
| 2010 | 66.06 trillion current LCU | +3.9% |
| 2011 | 90.23 trillion current LCU | +36.6% |
| 2012 | 88.16 trillion current LCU | -2.3% |
| 2013 | 100.13 trillion current LCU | +13.6% |
| 2014 | 119.77 trillion current LCU | +19.6% |
| 2015 | 127.12 trillion current LCU | +6.1% |
| 2016 | 124.26 trillion current LCU | -2.3% |
| 2017 | 136.70 trillion current LCU | +10.0% |
| 2018 | 144.31 trillion current LCU | +5.6% |
| 2019 | 157.96 trillion current LCU | +9.5% |
| 2020 | 140.24 trillion current LCU | -11.2% |
| 2021 | 172.29 trillion current LCU | +22.9% |
| 2022 | 224.53 trillion current LCU | +30.3% |
| 2023 | 278.28 trillion current LCU | +23.9% |
| 2024 | 260.77 trillion current LCU | -6.3% |
Colombia compared with similar countries
- Colombia's 260.77 trillion current LCU is above the median for upper middle income countries, which is 346.89 billion current LCU, 751.7× the median. (48 countries reporting)
- Colombia's 260.77 trillion current LCU is above the median for Latin America & Caribbean, which is 102.16 billion current LCU, 2552.6× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.87 trillion current LCU | 19.31 trillion current LCU | 20.43 trillion current LCU | 2 |
| 2000s | 44.93 trillion current LCU | 23.40 trillion current LCU | 63.58 trillion current LCU | 4 |
| 2010s | 115.47 trillion current LCU | 66.06 trillion current LCU | 157.96 trillion current LCU | 10 |
| 2020s | 215.22 trillion current LCU | 140.24 trillion current LCU | 278.28 trillion current LCU | 5 |
Countries ranked near Colombia
More public sector data for Colombia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is tax revenue in Colombia?
- Tax revenue in Colombia was 260.77 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Colombia?
- The highest recorded value was 278.28 trillion current LCU in 2023.
- What is the lowest tax revenue recorded in Colombia?
- The lowest recorded value was 19.31 trillion current LCU in 1998.
- How does Colombia rank for tax revenue?
- Colombia ranks 4th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Colombia?
- Over the last ten years it is up 117.7%. The long-run trend across the full record is volatile.
- 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.