Taxes on income, profits and capital gains (current LCU) in Colombia
Colombia: Taxes on income, profits and capital gains (current LCU) was 121.85 trillion current LCU in 2024. ◆ Volatile
Taxes on income, profits and capital gains in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on income, profits and capital gains in Colombia is 121.85 trillion current LCU, measured in 2024.
That represents a change of down 15.2% on the previous year and up 139.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Colombia peaked at 143.70 trillion current LCU in 2023 and was at its lowest, 6.11 trillion current LCU, in 1998.
Colombia ranks 4th of 153 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains (current LCU) in Colombia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1998 | 6.11 trillion current LCU | — |
| 1999 | 6.41 trillion current LCU | +4.9% |
| 2000 | 7.51 trillion current LCU | +17.1% |
| 2003 | 13.06 trillion current LCU | +74.0% |
| 2008 | 19.76 trillion current LCU | +51.3% |
| 2009 | 23.06 trillion current LCU | +16.7% |
| 2010 | 20.54 trillion current LCU | -10.9% |
| 2011 | 23.36 trillion current LCU | +13.7% |
| 2012 | 33.45 trillion current LCU | +43.2% |
| 2013 | 33.98 trillion current LCU | +1.6% |
| 2014 | 50.86 trillion current LCU | +49.7% |
| 2015 | 53.33 trillion current LCU | +4.9% |
| 2016 | 55.11 trillion current LCU | +3.3% |
| 2017 | 65.02 trillion current LCU | +18.0% |
| 2018 | 71.02 trillion current LCU | +9.2% |
| 2019 | 68.62 trillion current LCU | -3.4% |
| 2020 | 62.99 trillion current LCU | -8.2% |
| 2021 | 74.78 trillion current LCU | +18.7% |
| 2022 | 98.04 trillion current LCU | +31.1% |
| 2023 | 143.70 trillion current LCU | +46.6% |
| 2024 | 121.85 trillion current LCU | -15.2% |
Colombia compared with similar countries
- Colombia's 121.85 trillion current LCU is above the median for upper middle income countries, which is 135.99 billion current LCU, 896.1× the median. (48 countries reporting)
- Colombia's 121.85 trillion current LCU is above the median for Latin America & Caribbean, which is 46.49 billion current LCU, 2621.2× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.26 trillion current LCU | 6.11 trillion current LCU | 6.41 trillion current LCU | 2 |
| 2000s | 15.85 trillion current LCU | 7.51 trillion current LCU | 23.06 trillion current LCU | 4 |
| 2010s | 47.53 trillion current LCU | 20.54 trillion current LCU | 71.02 trillion current LCU | 10 |
| 2020s | 100.27 trillion current LCU | 62.99 trillion current LCU | 143.70 trillion current LCU | 5 |
Countries ranked near Colombia
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Frequently asked questions
- What is taxes on income, profits and capital gains in Colombia?
- Taxes on income, profits and capital gains in Colombia was 121.85 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Colombia?
- The highest recorded value was 143.70 trillion current LCU in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Colombia?
- The lowest recorded value was 6.11 trillion current LCU in 1998.
- How does Colombia rank for taxes on income, profits and capital gains?
- Colombia ranks 4th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Colombia?
- Over the last ten years it is up 139.6%. The long-run trend across the full record is volatile.
- 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 income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.