Taxes on income, profits and capital gains in Colombia
Colombia: Taxes on income, profits and capital gains 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 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
- 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 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.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.