Taxes on international trade in Colombia
Colombia: Taxes on international trade was 7.10 trillion current LCU in 2024. ▲ Rising
Taxes on international trade in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, taxes on international trade in Colombia stood at 7.10 trillion current LCU. That is the highest value across all 21 years on record.
That represents a change of up 6.2% on the previous year and up 79.0% over ten years.
Over the whole period, taxes on international trade in Colombia peaked at 7.10 trillion current LCU in 2024 and was at its lowest, 1.37 trillion current LCU, in 1999.
That places Colombia 6th out of 155 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Taxes on international trade in Colombia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1998 | 1.65 trillion current LCU | — |
| 1999 | 1.37 trillion current LCU | -16.6% |
| 2000 | 1.74 trillion current LCU | +27.1% |
| 2003 | 1.97 trillion current LCU | +12.8% |
| 2008 | 5.59 trillion current LCU | +184.2% |
| 2009 | 4.67 trillion current LCU | -16.5% |
| 2010 | 5.60 trillion current LCU | +20.0% |
| 2011 | 5.27 trillion current LCU | -5.9% |
| 2012 | 4.43 trillion current LCU | -16.0% |
| 2013 | 4.34 trillion current LCU | -2.1% |
| 2014 | 3.96 trillion current LCU | -8.6% |
| 2015 | 4.74 trillion current LCU | +19.5% |
| 2016 | 4.19 trillion current LCU | -11.6% |
| 2017 | 4.17 trillion current LCU | -0.5% |
| 2018 | 3.96 trillion current LCU | -4.9% |
| 2019 | 4.33 trillion current LCU | +9.2% |
| 2020 | 3.09 trillion current LCU | -28.5% |
| 2021 | 4.86 trillion current LCU | +57.1% |
| 2022 | 7.01 trillion current LCU | +44.1% |
| 2023 | 6.68 trillion current LCU | -4.7% |
| 2024 | 7.10 trillion current LCU | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.51 trillion current LCU | 1.37 trillion current LCU | 1.65 trillion current LCU | 2 |
| 2000s | 3.49 trillion current LCU | 1.74 trillion current LCU | 5.59 trillion current LCU | 4 |
| 2010s | 4.50 trillion current LCU | 3.96 trillion current LCU | 5.60 trillion current LCU | 10 |
| 2020s | 5.75 trillion current LCU | 3.09 trillion current LCU | 7.10 trillion current LCU | 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 international trade in Colombia?
- Taxes on international trade in Colombia was 7.10 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Colombia?
- The highest recorded value was 7.10 trillion current LCU in 2024.
- What is the lowest taxes on international trade recorded in Colombia?
- The lowest recorded value was 1.37 trillion current LCU in 1999.
- How does Colombia rank for taxes on international trade?
- Colombia ranks 6th out of 155 countries with data for 2024.
- Is taxes on international trade rising or falling in Colombia?
- Over the last ten years it is up 79.0%. 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 international trade (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.