Taxes on goods and services in Colombia
Colombia: Taxes on goods and services was 24.3% in 2024. ▼ Falling
Taxes on goods and services in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on goods and services in Colombia stood at 24.3%.
That represents a change of up 3.0% on the previous year and down 2.2% over ten years.
Over the whole period, taxes on goods and services in Colombia peaked at 28.7% in 2008 and was at its lowest, 22.0%, in 2013.
Colombia ranks 114th of 156 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Taxes on goods and services in Colombia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 27.6% | — |
| 2003 | 24.0% | -13.0% |
| 2008 | 28.7% | +19.7% |
| 2009 | 26.9% | -6.3% |
| 2010 | 27.3% | +1.3% |
| 2011 | 26.1% | -4.2% |
| 2012 | 24.4% | -6.6% |
| 2013 | 22.0% | -10.1% |
| 2014 | 24.9% | +13.3% |
| 2015 | 26.0% | +4.3% |
| 2016 | 24.3% | -6.5% |
| 2017 | 24.4% | +0.7% |
| 2018 | 24.0% | -1.8% |
| 2019 | 24.9% | +3.6% |
| 2020 | 23.4% | -5.8% |
| 2021 | 25.7% | +9.5% |
| 2022 | 27.4% | +6.7% |
| 2023 | 23.6% | -13.7% |
| 2024 | 24.3% | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.6% | 27.6% | 27.6% | 1 |
| 2000s | 26.6% | 24.0% | 28.7% | 3 |
| 2010s | 24.8% | 22.0% | 27.3% | 10 |
| 2020s | 24.9% | 23.4% | 27.4% | 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 taxes on goods and services in Colombia?
- Taxes on goods and services in Colombia was 24.3% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Colombia?
- The highest recorded value was 28.7% in 2008.
- What is the lowest taxes on goods and services recorded in Colombia?
- The lowest recorded value was 22.0% in 2013.
- How does Colombia rank for taxes on goods and services?
- Colombia ranks 114th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Colombia?
- Over the last ten years it is down 2.2%. The long-run trend across the full record is falling.
- 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 Taxes on goods and services (% of revenue). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.