Taxes on income, profits and capital gains (% of revenue) in Colombia
Colombia: Taxes on income, profits and capital gains (% of revenue) was 24.1% in 2024. ▲ Rising
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 % of revenue.
Analysis
Colombia recorded 24.1% for taxes on income, profits and capital gains in 2024.
The figure is down 15.3% on the previous year and down 0.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Colombia peaked at 28.5% in 2023 and was at its lowest, 15.7%, in 2011.
Colombia ranks 75th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Taxes on income, profits and capital gains (% of revenue) in Colombia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 23.9% | — |
| 1999 | 23.5% | -1.8% |
| 2000 | 23.2% | -1.1% |
| 2003 | 20.7% | -10.8% |
| 2008 | 18.4% | -11.1% |
| 2009 | 21.1% | +14.5% |
| 2010 | 17.0% | -19.5% |
| 2011 | 15.7% | -7.4% |
| 2012 | 19.7% | +25.4% |
| 2013 | 16.2% | -17.9% |
| 2014 | 24.3% | +49.8% |
| 2015 | 25.0% | +2.9% |
| 2016 | 23.7% | -5.2% |
| 2017 | 27.1% | +14.2% |
| 2018 | 26.6% | -1.8% |
| 2019 | 21.8% | -17.8% |
| 2020 | 21.7% | -0.5% |
| 2021 | 22.2% | +2.2% |
| 2022 | 23.7% | +6.7% |
| 2023 | 28.5% | +20.3% |
| 2024 | 24.1% | -15.3% |
Colombia compared with similar countries
- Colombia's 24.1% is above the median for upper middle income countries, which is 22.7%, 1.1× the median. (48 countries reporting)
- Colombia's 24.1% is below the median for Latin America & Caribbean, which is 25.4%, 95% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.7% | 23.5% | 23.9% | 2 |
| 2000s | 20.9% | 18.4% | 23.2% | 4 |
| 2010s | 21.7% | 15.7% | 27.1% | 10 |
| 2020s | 24.1% | 21.7% | 28.5% | 5 |
Countries ranked near Colombia
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 income, profits and capital gains in Colombia?
- Taxes on income, profits and capital gains in Colombia was 24.1% 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 28.5% in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Colombia?
- The lowest recorded value was 15.7% in 2011.
- How does Colombia rank for taxes on income, profits and capital gains?
- Colombia ranks 75th 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 down 0.5%. The long-run trend across the full record is rising.
- 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.