Colombia Government Revenue, Expenditure and Finance
CO: Expenditure: % of GDP
CO: Expenditure: % of GDP data was reported at 33.592 % in 2023. This records an increase from the previous number of 32.419 % for 2022. CO: Expenditure: % of GDP data is updated yearly, averaging 27.564 % from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 36.554 % in 2020 and a record low of 16.933 % in 2000. CO: Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.;International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 32.732 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: % of GDP from 1998 to 2022 in the chart:
CO: Expenditure: Compensation of Employees
CO: Expenditure: Compensation of Employees data was reported at 59,350,680.880 COP mn in 2024. This records an increase from the previous number of 51,918,295.760 COP mn for 2023. CO: Expenditure: Compensation of Employees data is updated yearly, averaging 22,115,780.230 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 59,350,680.880 COP mn in 2024 and a record low of 11,769,749.960 COP mn in 1998. CO: Expenditure: Compensation of Employees data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 59,350,680.880 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Expenditure: Compensation of Employees from 1998 to 2024 in the chart:
CO: Expenditure: Compensation of Employees: % of Expenditure
CO: Expenditure: Compensation of Employees: % of Expenditure data was reported at 9.829 % in 2023. This records an increase from the previous number of 9.471 % for 2022. CO: Expenditure: Compensation of Employees: % of Expenditure data is updated yearly, averaging 7.829 % from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 45.007 % in 2000 and a record low of 7.829 % in 2013. CO: Expenditure: Compensation of Employees: % of Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 9.829 2023 | yearly | 1998 - 2023 |
View Colombia's CO: Expenditure: Compensation of Employees: % of Expenditure from 1998 to 2023 in the chart:
CO: Expenditure: Goods and Services Expenditure
CO: Expenditure: Goods and Services Expenditure data was reported at 47,560,390.420 COP mn in 2024. This records an increase from the previous number of 42,443,222.010 COP mn for 2023. CO: Expenditure: Goods and Services Expenditure data is updated yearly, averaging 30,641,349.390 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 47,560,390.420 COP mn in 2024 and a record low of 2,757,490.403 COP mn in 2000. CO: Expenditure: Goods and Services Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 47,560,390.420 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Expenditure: Goods and Services Expenditure from 1998 to 2024 in the chart:
CO: Expenditure: Goods and Services Expenditure: % of Expenditure
CO: Expenditure: Goods and Services Expenditure: % of Expenditure data was reported at 8.035 % in 2023. This records a decrease from the previous number of 8.398 % for 2022. CO: Expenditure: Goods and Services Expenditure: % of Expenditure data is updated yearly, averaging 15.227 % from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 17.974 % in 2012 and a record low of 7.702 % in 2021. CO: Expenditure: Goods and Services Expenditure: % of Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 8.035 2023 | yearly | 1998 - 2023 |
View Colombia's CO: Expenditure: Goods and Services Expenditure: % of Expenditure from 1998 to 2023 in the chart:
CO: Expenditure: Interest Payments
CO: Expenditure: Interest Payments data was reported at 70,162,676.920 COP mn in 2024. This records an increase from the previous number of 69,646,736.220 COP mn for 2023. CO: Expenditure: Interest Payments data is updated yearly, averaging 17,344,728.260 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 70,162,676.920 COP mn in 2024 and a record low of 4,267,272.601 COP mn in 1998. CO: Expenditure: Interest Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 70,162,676.920 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Expenditure: Interest Payments from 1998 to 2024 in the chart:
CO: Expenditure: Interest Payments: % of Expenditure
CO: Expenditure: Interest Payments: % of Expenditure data was reported at 13.185 % in 2023. This records a decrease from the previous number of 13.430 % for 2022. CO: Expenditure: Interest Payments: % of Expenditure data is updated yearly, averaging 7.359 % from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 18.872 % in 2000 and a record low of 7.359 % in 2013. CO: Expenditure: Interest Payments: % of Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 13.185 2023 | yearly | 1998 - 2023 |
View Colombia's CO: Expenditure: Interest Payments: % of Expenditure from 1998 to 2023 in the chart:
CO: Expenditure: Interest Payments: % of Revenue
CO: Expenditure: Interest Payments: % of Revenue data was reported at 13.904 % in 2024. This records an increase from the previous number of 13.820 % for 2023. CO: Expenditure: Interest Payments: % of Revenue data is updated yearly, averaging 8.277 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 20.624 % in 2000 and a record low of 8.277 % in 2014. CO: Expenditure: Interest Payments: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 13.904 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Expenditure: Interest Payments: % of Revenue from 1998 to 2024 in the chart:
CO: Expenditure: Other Expenditure
CO: Expenditure: Other Expenditure data was reported at 50,889,585.091 COP mn in 2024. This records an increase from the previous number of 43,239,603.435 COP mn for 2023. CO: Expenditure: Other Expenditure data is updated yearly, averaging 24,641,008.494 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 52,261,572.939 COP mn in 2021 and a record low of -761,799.722 COP mn in 2000. CO: Expenditure: Other Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 50,889,585.091 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Expenditure: Other Expenditure from 1998 to 2024 in the chart:
CO: Expenditure: Other Expenditure: % of GDP
CO: Expenditure: Other Expenditure: % of GDP data was reported at 8.186 % in 2023. This records a decrease from the previous number of 9.975 % for 2022. CO: Expenditure: Other Expenditure: % of GDP data is updated yearly, averaging 14.873 % from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 21.289 % in 2011 and a record low of -2.157 % in 2000. CO: Expenditure: Other Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 10.668 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Other Expenditure: % of GDP from 1998 to 2022 in the chart:
CO: Expenditure: Subsidies and Other Transfers
CO: Expenditure: Subsidies and Other Transfers data was reported at 346,338,838.190 COP mn in 2024. This records an increase from the previous number of 320,994,022.550 COP mn for 2023. CO: Expenditure: Subsidies and Other Transfers data is updated yearly, averaging 135,368,451.112 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 346,338,838.190 COP mn in 2024 and a record low of 7,992,118.579 COP mn in 1998. CO: Expenditure: Subsidies and Other Transfers data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 346,338,838.190 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Expenditure: Subsidies and Other Transfers from 1998 to 2024 in the chart:
CO: Expenditure: Subsidies and Other Transfers: % of Expenditure
CO: Expenditure: Subsidies and Other Transfers: % of Expenditure data was reported at 60.768 % in 2023. This records an increase from the previous number of 58.726 % for 2022. CO: Expenditure: Subsidies and Other Transfers: % of Expenditure data is updated yearly, averaging 54.712 % from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 60.768 % in 2023 and a record low of 29.131 % in 1999. CO: Expenditure: Subsidies and Other Transfers: % of Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 60.768 2023 | yearly | 1998 - 2023 |
View Colombia's CO: Expenditure: Subsidies and Other Transfers: % of Expenditure from 1998 to 2023 in the chart:
CO: Grants and Other Revenue
CO: Grants and Other Revenue data was reported at 143,364,744.640 COP mn in 2024. This records an increase from the previous number of 135,255,528.390 COP mn for 2023. CO: Grants and Other Revenue data is updated yearly, averaging 56,431,004.800 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 143,364,744.640 COP mn in 2024 and a record low of 4,226,127.802 COP mn in 1998. CO: Grants and Other Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Grants are transfers receivable by government units, from other resident or nonresident government units or international organizations, that do not meet the defi nition of a tax, subsidy, or social contribution. Other revenue is all revenue receivable excluding taxes, social contributions, and grants. This category of revenue includes property income, sales of goods and services, and miscellaneous other types of revenue. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 143,364,744.640 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Grants and Other Revenue from 1998 to 2024 in the chart:
CO: Grants and Other Revenue: % of Revenue
CO: Grants and Other Revenue: % of Revenue data was reported at 28.411 % in 2024. This records an increase from the previous number of 26.839 % for 2023. CO: Grants and Other Revenue: % of Revenue data is updated yearly, averaging 26.930 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 40.323 % in 2003 and a record low of 16.542 % in 1998. CO: Grants and Other Revenue: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Grants are transfers receivable by government units, from other resident or nonresident government units or international organizations, that do not meet the defi nition of a tax, subsidy, or social contribution. Other revenue is all revenue receivable excluding taxes, social contributions, and grants. This category of revenue includes property income, sales of goods and services, and miscellaneous other types of revenue. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 28.411 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Grants and Other Revenue: % of Revenue from 1998 to 2024 in the chart:
CO: Net Acquisition of Financial Assets: % of GDP
CO: Net Acquisition of Financial Assets: % of GDP data was reported at 1.104 % in 2024. This records a decrease from the previous number of 3.314 % for 2023. CO: Net Acquisition of Financial Assets: % of GDP data is updated yearly, averaging -1.482 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 6.486 % in 2012 and a record low of -3.318 % in 2008. CO: Net Acquisition of Financial Assets: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 1.104 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Net Acquisition of Financial Assets: % of GDP from 1998 to 2024 in the chart:
CO: Net Incurrence of Liabilities: Total
CO: Net Incurrence of Liabilities: Total data was reported at 99,026,114.860 COP mn in 2024. This records an increase from the previous number of 84,350,241.180 COP mn for 2023. CO: Net Incurrence of Liabilities: Total data is updated yearly, averaging 27,857,340.460 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 119,673,606.200 COP mn in 2020 and a record low of -16,758,029.000 COP mn in 2011. CO: Net Incurrence of Liabilities: Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 99,026,114.860 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Net Incurrence of Liabilities: Total from 1998 to 2024 in the chart:
CO: Net Incurrence of Liabilities: Total: % of GDP
CO: Net Incurrence of Liabilities: Total: % of GDP data was reported at 5.803 % in 2024. This records an increase from the previous number of 5.323 % for 2023. CO: Net Incurrence of Liabilities: Total: % of GDP data is updated yearly, averaging 3.651 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 11.986 % in 2020 and a record low of -2.707 % in 2011. CO: Net Incurrence of Liabilities: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 5.803 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Net Incurrence of Liabilities: Total: % of GDP from 1998 to 2024 in the chart:
CO: Net Investment in Nonfinancial Assets
CO: Net Investment in Nonfinancial Assets data was reported at -4,257,815.124 COP mn in 2016. This records a decrease from the previous number of 11,438,932.000 COP mn for 2015. CO: Net Investment in Nonfinancial Assets data is updated yearly, averaging 6,781,468.000 COP mn from Dec 1998 (Median) to 2016, with 13 observations. The data reached an all-time high of 21,962,716.000 COP mn in 2009 and a record low of -14,040,744.980 COP mn in 2012. CO: Net Investment in Nonfinancial Assets data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| -4,257,815.124 2016 | yearly | 1998 - 2016 |
View Colombia's CO: Net Investment in Nonfinancial Assets from 1998 to 2016 in the chart:
CO: Net Investment in Nonfinancial Assets: % of GDP
CO: Net Investment in Nonfinancial Assets: % of GDP data was reported at -0.493 % in 2016. This records a decrease from the previous number of 1.422 % for 2015. CO: Net Investment in Nonfinancial Assets: % of GDP data is updated yearly, averaging 1.684 % from Dec 1998 (Median) to 2016, with 13 observations. The data reached an all-time high of 4.379 % in 2009 and a record low of -2.107 % in 2012. CO: Net Investment in Nonfinancial Assets: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -0.493 2016 | yearly | 1998 - 2016 |
View Colombia's CO: Net Investment in Nonfinancial Assets: % of GDP from 1998 to 2016 in the chart:
CO: Net Lending (+) / Net Borrowing (-): % of GDP
CO: Net Lending (+) / Net Borrowing (-): % of GDP data was reported at -4.655 % in 2024. This records a decrease from the previous number of -2.041 % for 2023. CO: Net Lending (+) / Net Borrowing (-): % of GDP data is updated yearly, averaging -4.167 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 2.766 % in 2012 and a record low of -8.516 % in 2020. CO: Net Lending (+) / Net Borrowing (-): % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -4.655 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Net Lending (+) / Net Borrowing (-): % of GDP from 1998 to 2024 in the chart:
Colombia CO: Primary Government Expenditures as % of Original Approved Budget
CO: Primary Government Expenditures as % of Original Approved Budget data was reported at 90.412 % in 2014. This records a decrease from the previous number of 93.604 % for 2013. CO: Primary Government Expenditures as % of Original Approved Budget data is updated yearly, averaging 94.774 % from Dec 2005 (Median) to 2014, with 6 observations. The data reached an all-time high of 99.685 % in 2005 and a record low of 90.412 % in 2014. CO: Primary Government Expenditures as % of Original Approved Budget data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Primary government expenditures as a proportion of original approved budget measures the extent to which aggregate budget expenditure outturn reflects the amount originally approved, as defined in government budget documentation and fiscal reports. The coverage is budgetary central government (BCG) and the time period covered is the last three completed fiscal years.; ; Public Expenditure and Financial Accountability (PEFA). Ministry of Finance (MoF).; ;
| Last | Frequency | Range |
|---|---|---|
| 90.412 2014 | yearly | 2005 - 2014 |
View Colombia's Colombia CO: Primary Government Expenditures as % of Original Approved Budget from 2005 to 2014 in the chart:
CO: Revenue Excluding Grants: % of GDP
CO: Revenue Excluding Grants: % of GDP data was reported at 25.953 % in 2024. This records a decrease from the previous number of 28.414 % for 2023. CO: Revenue Excluding Grants: % of GDP data is updated yearly, averaging 23.447 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 28.414 % in 2023 and a record low of 15.494 % in 2000. CO: Revenue Excluding Grants: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 25.953 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue Excluding Grants: % of GDP from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Customs and Other Import Duties
CO: Revenue and Grants: Revenue: Customs and Other Import Duties data was reported at 6,060,074.542 COP mn in 2024. This records an increase from the previous number of 5,771,325.677 COP mn for 2023. CO: Revenue and Grants: Revenue: Customs and Other Import Duties data is updated yearly, averaging 3,921,517.035 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 6,258,545.545 COP mn in 2022 and a record low of 1,372,620.989 COP mn in 1999. CO: Revenue and Grants: Revenue: Customs and Other Import Duties data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 6,060,074.542 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Customs and Other Import Duties from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Customs and Other Import Duties: % of Tax Revenue
CO: Revenue and Grants: Revenue: Customs and Other Import Duties: % of Tax Revenue data was reported at 2.324 % in 2024. This records an increase from the previous number of 2.074 % for 2023. CO: Revenue and Grants: Revenue: Customs and Other Import Duties: % of Tax Revenue data is updated yearly, averaging 3.274 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 8.882 % in 2008 and a record low of 2.074 % in 2023. CO: Revenue and Grants: Revenue: Customs and Other Import Duties: % of Tax Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 2.324 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Customs and Other Import Duties: % of Tax Revenue from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Other Taxes
CO: Revenue and Grants: Revenue: Other Taxes data was reported at 8,975,170.470 COP mn in 2024. This records an increase from the previous number of 8,740,717.087 COP mn for 2023. CO: Revenue and Grants: Revenue: Other Taxes data is updated yearly, averaging 12,809,059.072 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 22,775,221.000 COP mn in 2011 and a record low of 510,819.181 COP mn in 2003. CO: Revenue and Grants: Revenue: Other Taxes data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 8,975,170.470 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Other Taxes from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Other Taxes: % of Revenue
CO: Revenue and Grants: Revenue: Other Taxes: % of Revenue data was reported at 1.779 % in 2024. This records an increase from the previous number of 1.734 % for 2023. CO: Revenue and Grants: Revenue: Other Taxes: % of Revenue data is updated yearly, averaging 6.113 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 17.628 % in 1998 and a record low of 0.810 % in 2003. CO: Revenue and Grants: Revenue: Other Taxes: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 1.779 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Other Taxes: % of Revenue from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Tax Revenue
CO: Revenue and Grants: Revenue: Tax Revenue data was reported at 260,766,211.000 COP mn in 2024. This records a decrease from the previous number of 278,284,477.400 COP mn for 2023. CO: Revenue and Grants: Revenue: Tax Revenue data is updated yearly, averaging 119,773,851.300 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 278,284,477.400 COP mn in 2023 and a record low of 19,307,651.500 COP mn in 1998. CO: Revenue and Grants: Revenue: Tax Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 260,766,211.000 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Tax Revenue from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Tax Revenue: % of GDP
CO: Revenue and Grants: Revenue: Tax Revenue: % of GDP data was reported at 15.281 % in 2024. This records a decrease from the previous number of 17.562 % for 2023. CO: Revenue and Grants: Revenue: Tax Revenue: % of GDP data is updated yearly, averaging 15.700 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 17.562 % in 2023 and a record low of 11.220 % in 2000. CO: Revenue and Grants: Revenue: Tax Revenue: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 15.281 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Tax Revenue: % of GDP from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Taxes on Exports
CO: Revenue and Grants: Revenue: Taxes on Exports data was reported at 0.000 COP mn in 2022. This stayed constant from the previous number of 0.000 COP mn for 2021. CO: Revenue and Grants: Revenue: Taxes on Exports data is updated yearly, averaging 0.000 COP mn from Dec 1998 (Median) to 2022, with 19 observations. The data reached an all-time high of 0.000 COP mn in 2022 and a record low of 0.000 COP mn in 2022. CO: Revenue and Grants: Revenue: Taxes on Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. Rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties are deducted from the gross amounts receivable from these taxes, not from amounts receivable from export taxes.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 0.000 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Exports from 1998 to 2022 in the chart:
CO: Revenue and Grants: Revenue: Taxes on Exports: % of Tax Revenue
CO: Revenue and Grants: Revenue: Taxes on Exports: % of Tax Revenue data was reported at 0.000 % in 2022. This stayed constant from the previous number of 0.000 % for 2021. CO: Revenue and Grants: Revenue: Taxes on Exports: % of Tax Revenue data is updated yearly, averaging 0.000 % from Dec 1998 (Median) to 2022, with 19 observations. The data reached an all-time high of 0.000 % in 2022 and a record low of 0.000 % in 2022. CO: Revenue and Grants: Revenue: Taxes on Exports: % of Tax Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. Rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties are deducted from the gross amounts receivable from these taxes, not from amounts receivable from export taxes.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 0.000 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Exports: % of Tax Revenue from 1998 to 2022 in the chart:
CO: Revenue and Grants: Revenue: Taxes on Goods and Services
CO: Revenue and Grants: Revenue: Taxes on Goods and Services data was reported at 122,843,420.300 COP mn in 2024. This records an increase from the previous number of 119,164,323.700 COP mn for 2023. CO: Revenue and Grants: Revenue: Taxes on Goods and Services data is updated yearly, averaging 55,441,002.170 COP mn from Dec 1998 (Median) to 2024, with 19 observations. The data reached an all-time high of 122,843,420.300 COP mn in 2024 and a record low of 7,048,245.000 COP mn in 1998. CO: Revenue and Grants: Revenue: Taxes on Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 122,843,420.300 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Goods and Services from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % Value Added of Industry and Services
CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % Value Added of Industry and Services data was reported at 8.865 % in 2024. This records a decrease from the previous number of 9.235 % for 2023. CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % Value Added of Industry and Services data is updated yearly, averaging 8.124 % from Dec 1998 (Median) to 2024, with 19 observations. The data reached an all-time high of 9.501 % in 2022 and a record low of 5.881 % in 1998. CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % Value Added of Industry and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 8.865 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % Value Added of Industry and Services from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % of Revenue
CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % of Revenue data was reported at 24.344 % in 2024. This records an increase from the previous number of 23.646 % for 2023. CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % of Revenue data is updated yearly, averaging 25.952 % from Dec 1998 (Median) to 2024, with 19 observations. The data reached an all-time high of 28.734 % in 2008 and a record low of 21.972 % in 2013. CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 24.344 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % of Revenue from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue
CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue data was reported at 24.148 % in 2024. This records a decrease from the previous number of 28.515 % for 2023. CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue data is updated yearly, averaging 24.269 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 28.515 % in 2023 and a record low of 15.728 % in 2011. CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 24.148 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Total Taxes
CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Total Taxes data was reported at 46.728 % in 2024. This records a decrease from the previous number of 51.638 % for 2023. CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Total Taxes data is updated yearly, averaging 42.459 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 51.638 % in 2023 and a record low of 25.884 % in 2011. CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Total Taxes data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 46.728 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Total Taxes from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Taxes on International Trade
CO: Revenue and Grants: Revenue: Taxes on International Trade data was reported at 7,095,551.351 COP mn in 2024. This records an increase from the previous number of 6,678,467.061 COP mn for 2023. CO: Revenue and Grants: Revenue: Taxes on International Trade data is updated yearly, averaging 3,963,426.888 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 7,095,551.351 COP mn in 2024 and a record low of 1,372,620.989 COP mn in 1999. CO: Revenue and Grants: Revenue: Taxes on International Trade data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 7,095,551.351 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on International Trade from 1998 to 2024 in the chart:
CO: Revenue and Grants: Revenue: Taxes on International Trade: % of Revenue
CO: Revenue and Grants: Revenue: Taxes on International Trade: % of Revenue data was reported at 1.406 % in 2024. This records an increase from the previous number of 1.325 % for 2023. CO: Revenue and Grants: Revenue: Taxes on International Trade: % of Revenue data is updated yearly, averaging 1.891 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 6.445 % in 1998 and a record low of 1.067 % in 2020. CO: Revenue and Grants: Revenue: Taxes on International Trade: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 1.406 2024 | yearly | 1998 - 2024 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on International Trade: % of Revenue from 1998 to 2024 in the chart:
CO: Social Contributions: % of Revenue
CO: Social Contributions: % of Revenue data was reported at 19.912 % in 2024. This records an increase from the previous number of 17.939 % for 2023. CO: Social Contributions: % of Revenue data is updated yearly, averaging 15.911 % from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 20.075 % in 2012 and a record low of 7.278 % in 2017. CO: Social Contributions: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);Median;
| Last | Frequency | Range |
|---|---|---|
| 19.912 2024 | yearly | 1998 - 2024 |