Tax revenue in Colombia
Colombia: Tax revenue was 15.2% in 2024. ▲ Rising
Tax revenue in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Colombia recorded 15.2% for tax revenue in 2024.
Compared with earlier readings it is down 13.2% on the previous year and down 3.1% over ten years.
Over the whole period, tax revenue in Colombia peaked at 17.5% in 2023 and was at its lowest, 11.2%, in 2000.
Colombia ranks 89th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Tax revenue in Colombia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1998 | 13.7% | — |
| 1999 | 13.5% | -1.9% |
| 2000 | 11.2% | -16.7% |
| 2003 | 11.3% | +0.3% |
| 2008 | 13.0% | +15.7% |
| 2009 | 12.7% | -2.7% |
| 2010 | 12.1% | -4.2% |
| 2011 | 14.6% | +20.0% |
| 2012 | 13.2% | -9.3% |
| 2013 | 14.0% | +6.0% |
| 2014 | 15.7% | +12.0% |
| 2015 | 15.8% | +0.6% |
| 2016 | 14.4% | -8.9% |
| 2017 | 14.9% | +3.2% |
| 2018 | 14.6% | -1.6% |
| 2019 | 14.9% | +2.0% |
| 2020 | 14.0% | -5.7% |
| 2021 | 14.4% | +2.9% |
| 2022 | 15.3% | +5.7% |
| 2023 | 17.5% | +14.9% |
| 2024 | 15.2% | -13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.6% | 13.5% | 13.7% | 2 |
| 2000s | 12.0% | 11.2% | 13.0% | 4 |
| 2010s | 14.4% | 12.1% | 15.8% | 10 |
| 2020s | 15.3% | 14.0% | 17.5% | 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 tax revenue in Colombia?
- Tax revenue in Colombia was 15.2% 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 17.5% in 2023.
- What is the lowest tax revenue recorded in Colombia?
- The lowest recorded value was 11.2% in 2000.
- How does Colombia rank for tax revenue?
- Colombia ranks 89th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Colombia?
- Over the last ten years it is down 3.1%. 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 Tax revenue (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.