Taxes on goods and services, Ratio of this level of government's in Colombia
Colombia: Taxes on goods and services, Ratio of this level of government's was 0.7541 in 2020. ▼ Falling
Taxes on goods and services, Ratio of this level of government's in Colombia, 1998–2020
Source: International Monetary Fund.
Analysis
The most recent figure for taxes on goods and services, ratio of this level of government's in Colombia is 0.7541, measured in 2020.
Compared with earlier readings it is down 0.8% on the previous year and up 2.5% over ten years.
Over the whole period, taxes on goods and services, ratio of this level of government's in Colombia peaked at 1 in 1998 and was at its lowest, 0.7286, in 2017.
Colombia ranks 69th of 80 countries on this measure, in the bottom quarter.
Taxes on goods and services, Ratio of this level of government's in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 1 | — |
| 2013 | 0.736 | -26.4% |
| 2014 | 0.7617 | +3.5% |
| 2015 | 0.796 | +4.5% |
| 2016 | 0.7434 | -6.6% |
| 2017 | 0.7286 | -2.0% |
| 2018 | 0.7507 | +3.0% |
| 2019 | 0.7604 | +1.3% |
| 2020 | 0.7541 | -0.8% |
Colombia compared with similar countries
- Colombia's 0.7541 is below the median for upper middle income countries, which is 0.9674, 78% of the median. (28 countries reporting)
- Colombia's 0.7541 is below the median for Latin America & Caribbean, which is 0.9719, 78% of the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1 | 1 | 1 | 1 |
| 2010s | 0.7538 | 0.7286 | 0.796 | 7 |
| 2020s | 0.7541 | 0.7541 | 0.7541 | 1 |
Countries ranked near Colombia
More public sector data for Colombia
- Democracy, 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)
- Elected parliament, 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)
- 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 taxes on goods and services, ratio of this level of government's in Colombia?
- Taxes on goods and services, ratio of this level of government's in Colombia was 0.7541 in 2020, according to International Monetary Fund.
- What is the highest taxes on goods and services, ratio of this level of government's recorded in Colombia?
- The highest recorded value was 1 in 1998.
- What is the lowest taxes on goods and services, ratio of this level of government's recorded in Colombia?
- The lowest recorded value was 0.7286 in 2017.
- How does Colombia rank for taxes on goods and services, ratio of this level of government's?
- Colombia ranks 69th out of 80 countries with data for 2020.
- Is taxes on goods and services, ratio of this level of government's rising or falling in Colombia?
- Over the last ten years it is up 2.5%. The long-run trend across the full record is falling.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund, published as part of Taxes on goods and services, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.