Value-added tax (VAT), Ratio of this level of government's revenue in Colombia
Colombia: Value-added tax (VAT), Ratio of this level of government's revenue was 0.9936 in 2020. ▬ Flat
Value-added tax (VAT), Ratio of this level of government's revenue in Colombia, 2013–2020
Source: International Monetary Fund.
Analysis
In 2020, value-added tax (vat), ratio of this level of government's revenue in Colombia stood at 0.9936. That is the highest value across all 8 years on record.
That represents a change of up 0.1% on the previous year and up 0.6% over ten years.
That places Colombia 56th out of 70 countries with data for 2020, putting it in the bottom quarter.
Value-added tax (VAT), Ratio of this level of government's revenue in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 2013 | 0.9878 | — |
| 2014 | 0.9894 | +0.2% |
| 2015 | 0.9919 | +0.3% |
| 2016 | 0.9889 | -0.3% |
| 2017 | 0.9865 | -0.2% |
| 2018 | 0.9906 | +0.4% |
| 2019 | 0.9925 | +0.2% |
| 2020 | 0.9936 | +0.1% |
Colombia compared with similar countries
- Colombia's 0.9936 is below the median for upper middle income countries, which is 1, 99% of the median. (26 countries reporting)
- Colombia's 0.9936 is below the median for Latin America & Caribbean, which is 1, 99% of the median. (9 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.9896 | 0.9865 | 0.9925 | 7 |
| 2020s | 0.9936 | 0.9936 | 0.9936 | 1 |
Countries ranked near Colombia
- 54 Russia 1 compare
- 55 Moldova 0.9958 compare
- 57 Azerbaijan 0.9934 compare
- 58 Uzbekistan 0.9594 compare
- 59 Portugal 0.9055 compare
More public sector data for Colombia
- Democracy, 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)
- Elected parliament, 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)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is value-added tax (vat), ratio of this level of government's revenue in Colombia?
- Value-added tax (vat), ratio of this level of government's revenue in Colombia was 0.9936 in 2020, according to International Monetary Fund.
- What is the highest value-added tax (vat), ratio of this level of government's revenue recorded in Colombia?
- The highest recorded value was 0.9936 in 2020.
- What is the lowest value-added tax (vat), ratio of this level of government's revenue recorded in Colombia?
- The lowest recorded value was 0.9865 in 2017.
- How does Colombia rank for value-added tax (vat), ratio of this level of government's revenue?
- Colombia ranks 56th out of 70 countries with data for 2020.
- Is value-added tax (vat), ratio of this level of government's revenue rising or falling in Colombia?
- Over the last ten years it is up 0.6%. The long-run trend across the full record is flat.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund, published as part of Value-added tax (VAT), 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.