Taxes on goods and services (current LCU), per unit of GDP in Colombia
Colombia: Taxes on goods and services (current LCU), per unit of GDP was 292.13 current LCU per US$ of GDP in 2024. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Colombia, 1998–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Colombia recorded 292.13 current LCU per US$ of GDP for taxes on goods and services (current lcu), per unit of gdp in 2024.
The figure is down 10.1% on the previous year and up 113.6% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Colombia peaked at 327.67 current LCU per US$ of GDP in 2022 and was at its lowest, 71.6 current LCU per US$ of GDP, in 1998.
Colombia ranks 7th of 157 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Colombia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1998 | 71.6 current LCU per US$ of GDP | — |
| 2003 | 159.83 current LCU per US$ of GDP | +123.2% |
| 2008 | 127.14 current LCU per US$ of GDP | -20.4% |
| 2009 | 126.7 current LCU per US$ of GDP | -0.3% |
| 2010 | 115.22 current LCU per US$ of GDP | -9.1% |
| 2011 | 115.91 current LCU per US$ of GDP | +0.6% |
| 2012 | 111.74 current LCU per US$ of GDP | -3.6% |
| 2013 | 120.59 current LCU per US$ of GDP | +7.9% |
| 2014 | 136.78 current LCU per US$ of GDP | +13.4% |
| 2015 | 188.9 current LCU per US$ of GDP | +38.1% |
| 2016 | 199.69 current LCU per US$ of GDP | +5.7% |
| 2017 | 188.29 current LCU per US$ of GDP | -5.7% |
| 2018 | 191.92 current LCU per US$ of GDP | +1.9% |
| 2019 | 241.9 current LCU per US$ of GDP | +26.0% |
| 2020 | 251.24 current LCU per US$ of GDP | +3.9% |
| 2021 | 271.3 current LCU per US$ of GDP | +8.0% |
| 2022 | 327.67 current LCU per US$ of GDP | +20.8% |
| 2023 | 324.78 current LCU per US$ of GDP | -0.9% |
| 2024 | 292.13 current LCU per US$ of GDP | -10.1% |
Colombia compared with similar countries
- Colombia's 292.13 current LCU per US$ of GDP is above the median for upper middle income countries, which is 1.74 current LCU per US$ of GDP, 168.3× the median. (48 countries reporting)
- Colombia's 292.13 current LCU per US$ of GDP is above the median for Latin America & Caribbean, which is 0.5148 current LCU per US$ of GDP, 567.5× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU), per unit of GDP 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 |
|---|---|---|---|
| 2003 | +123.2% | 71.6 current LCU per US$ of GDP | 159.83 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 71.6 current LCU per US$ of GDP | 71.6 current LCU per US$ of GDP | 71.6 current LCU per US$ of GDP | 1 |
| 2000s | 137.89 current LCU per US$ of GDP | 126.7 current LCU per US$ of GDP | 159.83 current LCU per US$ of GDP | 3 |
| 2010s | 161.09 current LCU per US$ of GDP | 111.74 current LCU per US$ of GDP | 241.9 current LCU per US$ of GDP | 10 |
| 2020s | 293.43 current LCU per US$ of GDP | 251.24 current LCU per US$ of GDP | 327.67 current LCU per US$ of GDP | 5 |
Countries ranked near Colombia
- 4 Paraguay 520.02 current LCU per US$ of GDP compare
- 5 Indonesia 474.91 current LCU per US$ of GDP compare
- 6 Mongolia 297.99 current LCU per US$ of GDP compare
- 8 Madagascar 269.55 current LCU per US$ of GDP compare
- 9 Cambodia 256.68 current LCU per US$ of GDP compare
- 10 Uganda 241.91 current LCU per US$ of GDP compare
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)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 22.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is taxes on goods and services (current lcu), per unit of gdp in Colombia?
- Taxes on goods and services (current lcu), per unit of gdp in Colombia was 292.13 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Colombia?
- The highest recorded value was 327.67 current LCU per US$ of GDP in 2022.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Colombia?
- The lowest recorded value was 71.6 current LCU per US$ of GDP in 1998.
- How does Colombia rank for taxes on goods and services (current lcu), per unit of gdp?
- Colombia ranks 7th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Colombia?
- Over the last ten years it is up 113.6%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.