Taxes on goods and services (current LCU), annual growth rate in Colombia
Colombia: Taxes on goods and services (current LCU), annual growth rate was 3.09 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Colombia, 2009–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, taxes on goods and services (current lcu), annual growth rate in Colombia stood at 3.09 % change on previous year.
That represents a change of down 40.8% on the previous year and down 76.6% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Colombia peaked at 31.06 % change on previous year in 2022 and was at its lowest, -13.08 % change on previous year, in 2020.
Colombia ranks 122nd of 156 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Colombia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2009 | -4.47 % change on previous year | — |
| 2010 | 12.08 % change on previous year | -370.0% |
| 2011 | 17.62 % change on previous year | +45.9% |
| 2012 | 6.68 % change on previous year | -62.1% |
| 2013 | 11.24 % change on previous year | +68.2% |
| 2014 | 13.17 % change on previous year | +17.2% |
| 2015 | 6.32 % change on previous year | -52.0% |
| 2016 | 1.83 % change on previous year | -71.0% |
| 2017 | 4.01 % change on previous year | +119.3% |
| 2018 | 9.23 % change on previous year | +129.8% |
| 2019 | 21.83 % change on previous year | +136.6% |
| 2020 | -13.08 % change on previous year | -159.9% |
| 2021 | 27.23 % change on previous year | -308.2% |
| 2022 | 31.06 % change on previous year | +14.1% |
| 2023 | 5.22 % change on previous year | -83.2% |
| 2024 | 3.09 % change on previous year | -40.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.47 % change on previous year | -4.47 % change on previous year | -4.47 % change on previous year | 1 |
| 2010s | 10.4 % change on previous year | 1.83 % change on previous year | 21.83 % change on previous year | 10 |
| 2020s | 10.7 % change on previous year | -13.08 % change on previous year | 31.06 % change on previous year | 5 |
Countries ranked near Colombia
- 119 Norway 3.81 % change on previous year compare
- 120 Eswatini 3.5 % change on previous year compare
- 121 Thailand 3.48 % change on previous year compare
- 123 Guinea-Bissau 2.47 % change on previous year compare
- 124 South Africa 2.16 % change on previous year compare
- 125 United Kingdom 2.13 % change on previous year compare
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 taxes on goods and services (current lcu), annual growth rate in Colombia?
- Taxes on goods and services (current lcu), annual growth rate in Colombia was 3.09 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Colombia?
- The highest recorded value was 31.06 % change on previous year in 2022.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Colombia?
- The lowest recorded value was -13.08 % change on previous year in 2020.
- How does Colombia rank for taxes on goods and services (current lcu), annual growth rate?
- Colombia ranks 122nd out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Colombia?
- Over the last ten years it is down 76.6%. The long-run trend across the full record is volatile.
- Where does this Colombia data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.