Taxes on payroll and workforce, Ratio of this level of government's in Colombia
Colombia: Taxes on payroll and workforce, Ratio of this level of government's was 1.22 in 2020. ▲ Rising
Taxes on payroll and workforce, Ratio of this level of government's in Colombia, 2013–2020
Source: International Monetary Fund.
Analysis
Colombia recorded 1.22 for taxes on payroll and workforce, ratio of this level of government's in 2020.
Compared with earlier readings it is up 5.3% on the previous year and up 22.2% over ten years.
That places Colombia 1st out of 37 countries with data for 2020, putting it in the top 10%.
Taxes on payroll and workforce, Ratio of this level of government's in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 2013 | 1 | — |
| 2014 | 0.3389 | -66.1% |
| 2015 | 0.3957 | +16.8% |
| 2016 | 1.36 | +243.8% |
| 2017 | 0.8482 | -37.6% |
| 2018 | 1.16 | +36.8% |
| 2019 | 1.16 | -0.0% |
| 2020 | 1.22 | +5.3% |
Colombia compared with similar countries
- Colombia's 1.22 is above the median for Latin America & Caribbean, which is 1, 1.2× the median. (5 countries reporting)
- Colombia's 1.22 is above the median for upper middle income countries, which is 1, 1.2× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.8948 | 0.3389 | 1.36 | 7 |
| 2020s | 1.22 | 1.22 | 1.22 | 1 |
Countries ranked near Colombia
- 2 Belgium 1
- 2 Bulgaria 1 compare
- 2 Brazil 1 compare
- 2 Denmark 1 compare
- 2 Finland 1
- 2 United Kingdom of Great Britain and Northern Ireland 1 compare
- 2 Guatemala 1 compare
- 2 Ireland 1 compare
- 2 Iceland 1 compare
- 2 Israel 1 compare
- 2 Italy 1
- 2 Lithuania 1
- 2 Latvia 1 compare
- 2 Marshall Islands 1 compare
- 2 Mauritius 1 compare
- 2 Netherlands 1 compare
- 2 Norway 1 compare
- 2 Peru 1
- 2 Palau 1 compare
- 2 Poland 1 compare
- 2 Senegal 1 compare
- 2 Slovenia 1 compare
- 2 Sweden 1 compare
- 2 South Africa 1 compare
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 payroll and workforce, ratio of this level of government's in Colombia?
- Taxes on payroll and workforce, ratio of this level of government's in Colombia was 1.22 in 2020, according to International Monetary Fund.
- What is the highest taxes on payroll and workforce, ratio of this level of government's recorded in Colombia?
- The highest recorded value was 1.36 in 2016.
- What is the lowest taxes on payroll and workforce, ratio of this level of government's recorded in Colombia?
- The lowest recorded value was 0.3389 in 2014.
- How does Colombia rank for taxes on payroll and workforce, ratio of this level of government's?
- Colombia ranks 1st out of 37 countries with data for 2020.
- Is taxes on payroll and workforce, ratio of this level of government's rising or falling in Colombia?
- Over the last ten years it is up 22.2%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund, published as part of Taxes on payroll and workforce, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.