Taxes on international trade in Colombia
Colombia: Taxes on international trade was 1.4% in 2024. ◆ Volatile
Taxes on international trade in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on international trade in Colombia is 1.4%, measured in 2024.
That represents a change of up 6.1% on the previous year and down 25.7% over ten years.
Over the whole period, taxes on international trade in Colombia peaked at 6.4% in 1998 and was at its lowest, 1.1%, in 2020.
Colombia ranks 107th of 154 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on international trade in Colombia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 6.4% | — |
| 1999 | 5.0% | -22.0% |
| 2000 | 5.4% | +7.3% |
| 2003 | 3.1% | -42.2% |
| 2008 | 5.2% | +67.0% |
| 2009 | 4.3% | -18.1% |
| 2010 | 4.6% | +8.5% |
| 2011 | 3.6% | -23.3% |
| 2012 | 2.6% | -26.4% |
| 2013 | 2.1% | -20.8% |
| 2014 | 1.9% | -8.5% |
| 2015 | 2.2% | +17.2% |
| 2016 | 1.8% | -18.9% |
| 2017 | 1.7% | -3.7% |
| 2018 | 1.5% | -14.5% |
| 2019 | 1.4% | -7.1% |
| 2020 | 1.1% | -22.5% |
| 2021 | 1.4% | +35.3% |
| 2022 | 1.7% | +17.3% |
| 2023 | 1.3% | -21.8% |
| 2024 | 1.4% | +6.1% |
Colombia compared with similar countries
- Colombia's 1.4% is below the median for upper middle income countries, which is 4.5%, 31% of the median. (48 countries reporting)
- Colombia's 1.4% is below the median for Latin America & Caribbean, which is 4.7%, 30% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.7% | 5.0% | 6.4% | 2 |
| 2000s | 4.5% | 3.1% | 5.4% | 4 |
| 2010s | 2.3% | 1.4% | 4.6% | 10 |
| 2020s | 1.4% | 1.1% | 1.7% | 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 1.4% 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 6.4% in 1998.
- What is the lowest taxes on international trade recorded in Colombia?
- The lowest recorded value was 1.1% in 2020.
- How does Colombia rank for taxes on international trade?
- Colombia ranks 107th out of 154 countries with data for 2024.
- Is taxes on international trade rising or falling in Colombia?
- Over the last ten years it is down 25.7%. 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 international trade (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.