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 51,918,295.756 COP mn in 2023. This records an increase from the previous number of 45,127,081.196 COP mn for 2022. CO: Expenditure: Compensation of Employees data is updated yearly, averaging 24,708,730.689 COP mn from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 51,918,295.756 COP mn in 2023 and a record low of 11,769,749.961 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 consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 45,128,649.011 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Compensation of Employees from 1998 to 2022 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 11.317 % 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 consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 9.380 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Compensation of Employees: % of Expenditure from 1998 to 2022 in the chart:
CO: Expenditure: Goods and Services Expenditure
CO: Expenditure: Goods and Services Expenditure data was reported at 42,443,222.010 COP mn in 2023. This records an increase from the previous number of 40,017,773.853 COP mn for 2022. CO: Expenditure: Goods and Services Expenditure data is updated yearly, averaging 29,894,576.823 COP mn from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 42,443,222.010 COP mn in 2023 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. Own-account capital formation is excluded.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 41,289,565.887 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Goods and Services Expenditure from 1998 to 2022 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 10.157 % 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 7.809 % in 2000. 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. Own-account capital formation is excluded.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 8.582 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Goods and Services Expenditure: % of Expenditure from 1998 to 2022 in the chart:
CO: Expenditure: Interest Payments
CO: Expenditure: Interest Payments data was reported at 69,633,047.516 COP mn in 2023. This records an increase from the previous number of 63,991,877.326 COP mn for 2022. CO: Expenditure: Interest Payments data is updated yearly, averaging 17,418,642.132 COP mn from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 69,633,047.516 COP mn in 2023 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 63,988,655.348 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Interest Payments from 1998 to 2022 in the chart:
CO: Expenditure: Interest Payments: % of Expenditure
CO: Expenditure: Interest Payments: % of Expenditure data was reported at 13.182 % 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 10.702 % 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 13.301 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Interest Payments: % of Expenditure from 1998 to 2022 in the chart:
CO: Expenditure: Interest Payments: % of Revenue
CO: Expenditure: Interest Payments: % of Revenue data was reported at 13.818 % in 2023. This records a decrease from the previous number of 15.474 % for 2022. CO: Expenditure: Interest Payments: % of Revenue data is updated yearly, averaging 12.219 % from Dec 1998 (Median) to 2023, with 20 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 15.269 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Interest Payments: % of Revenue from 1998 to 2022 in the chart:
CO: Expenditure: Other Expenditure
CO: Expenditure: Other Expenditure data was reported at 43,239,263.005 COP mn in 2023. This records a decrease from the previous number of 47,530,654.334 COP mn for 2022. CO: Expenditure: Other Expenditure data is updated yearly, averaging 24,959,343.748 COP mn from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 55,079,995.983 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 51,324,200.142 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Other Expenditure from 1998 to 2022 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 11.532 % 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;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 320,994,022.516 COP mn in 2023. This records an increase from the previous number of 279,829,238.552 COP mn for 2022. CO: Expenditure: Subsidies and Other Transfers data is updated yearly, averaging 124,711,680.768 COP mn from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 320,994,022.516 COP mn in 2023 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, grants, and other social benefits include all unrequited, nonrepayable transfers on current account to private and public enterprises; grants to foreign governments, international organizations, and other government units; and social security, social assistance benefits, and employer social benefits in cash and in kind.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 279,367,264.679 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Subsidies and Other Transfers from 1998 to 2022 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 52.971 % 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, grants, and other social benefits include all unrequited, nonrepayable transfers on current account to private and public enterprises; grants to foreign governments, international organizations, and other government units; and social security, social assistance benefits, and employer social benefits in cash and in kind.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 58.069 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Expenditure: Subsidies and Other Transfers: % of Expenditure from 1998 to 2022 in the chart:
CO: Grants and Other Revenue
CO: Grants and Other Revenue data was reported at 135,158,903.266 COP mn in 2023. This records an increase from the previous number of 110,248,517.285 COP mn for 2022. CO: Grants and Other Revenue data is updated yearly, averaging 53,962,374.381 COP mn from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 135,158,903.266 COP mn in 2023 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 and other revenue include grants from other foreign governments, international organizations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government ownership of property); and voluntary, unrequited, nonrepayable receipts other than grants.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 132,495,564.420 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Grants and Other Revenue from 1998 to 2022 in the chart:
CO: Grants and Other Revenue: % of Revenue
CO: Grants and Other Revenue: % of Revenue data was reported at 26.821 % in 2023. This records an increase from the previous number of 26.659 % for 2022. CO: Grants and Other Revenue: % of Revenue data is updated yearly, averaging 28.104 % from Dec 1998 (Median) to 2023, with 20 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 and other revenue include grants from other foreign governments, international organizations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government ownership of property); and voluntary, unrequited, nonrepayable receipts other than grants.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 31.616 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Grants and Other Revenue: % of Revenue from 1998 to 2022 in the chart:
CO: Net Acquisition of Financial Assets: % of GDP
CO: Net Acquisition of Financial Assets: % of GDP data was reported at 3.255 % in 2023. This records an increase from the previous number of 0.172 % for 2022. CO: Net Acquisition of Financial Assets: % of GDP data is updated yearly, averaging 0.707 % from Dec 1998 (Median) to 2023, with 20 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 0.319 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Net Acquisition of Financial Assets: % of GDP from 1998 to 2022 in the chart:
CO: Net Incurrence of Liabilities: Total
CO: Net Incurrence of Liabilities: Total data was reported at 84,350,241.178 COP mn in 2023. This records an increase from the previous number of 81,270,801.720 COP mn for 2022. CO: Net Incurrence of Liabilities: Total data is updated yearly, averaging 29,683,130.792 COP mn from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 119,673,606.205 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 83,234,724.981 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Net Incurrence of Liabilities: Total from 1998 to 2022 in the chart:
CO: Net Incurrence of Liabilities: Total: % of GDP
CO: Net Incurrence of Liabilities: Total: % of GDP data was reported at 5.364 % in 2023. This records a decrease from the previous number of 5.529 % for 2022. CO: Net Incurrence of Liabilities: Total: % of GDP data is updated yearly, averaging 4.865 % from Dec 1998 (Median) to 2023, with 20 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 5.663 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Net Incurrence of Liabilities: Total: % of GDP from 1998 to 2022 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 -2.057 % in 2023. This records an increase from the previous number of -5.304 % for 2022. CO: Net Lending (+) / Net Borrowing (-): % of GDP data is updated yearly, averaging -3.776 % from Dec 1998 (Median) to 2023, with 20 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -5.093 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Net Lending (+) / Net Borrowing (-): % of GDP from 1998 to 2022 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 28.632 % in 2023. This records an increase from the previous number of 25.430 % for 2022. CO: Revenue Excluding Grants: % of GDP data is updated yearly, averaging 23.484 % from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 28.632 % 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 cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here.;International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 24.770 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue Excluding Grants: % of GDP from 1998 to 2022 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 5,772,084.369 COP mn in 2023. This records a decrease from the previous number of 6,258,545.545 COP mn for 2022. CO: Revenue and Grants: Revenue: Customs and Other Import Duties data is updated yearly, averaging 4,165,349.204 COP mn from Dec 1998 (Median) to 2023, with 20 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. Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 6,258,545.545 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Customs and Other Import Duties from 1998 to 2022 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 2.074 % in 2023. This records a decrease from the previous number of 2.787 % for 2022. CO: Revenue and Grants: Revenue: Customs and Other Import Duties: % of Tax Revenue data is updated yearly, averaging 3.965 % from Dec 1998 (Median) to 2023, with 20 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. Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 2.787 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Customs and Other Import Duties: % of Tax Revenue from 1998 to 2022 in the chart:
CO: Revenue and Grants: Revenue: Other Taxes
CO: Revenue and Grants: Revenue: Other Taxes data was reported at 8,740,715.921 COP mn in 2023. This records an increase from the previous number of 6,232,148.099 COP mn for 2022. CO: Revenue and Grants: Revenue: Other Taxes data is updated yearly, averaging 6,631,963.867 COP mn from Dec 1998 (Median) to 2023, with 20 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 6,251,081.371 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Other Taxes from 1998 to 2022 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 1.735 % in 2023. This records an increase from the previous number of 1.507 % for 2022. CO: Revenue and Grants: Revenue: Other Taxes: % of Revenue data is updated yearly, averaging 5.373 % from Dec 1998 (Median) to 2023, with 20 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 1.492 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Other Taxes: % of Revenue from 1998 to 2022 in the chart:
CO: Revenue and Grants: Revenue: Tax Revenue
CO: Revenue and Grants: Revenue: Tax Revenue data was reported at 278,367,413.162 COP mn in 2023. This records an increase from the previous number of 224,535,093.368 COP mn for 2022. CO: Revenue and Grants: Revenue: Tax Revenue data is updated yearly, averaging 109,952,394.161 COP mn from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 278,367,413.162 COP mn in 2023 and a record low of 19,307,651.497 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. Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 224,539,749.030 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Tax Revenue from 1998 to 2022 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 17.703 % in 2023. This records an increase from the previous number of 15.277 % for 2022. CO: Revenue and Grants: Revenue: Tax Revenue: % of GDP data is updated yearly, averaging 14.215 % from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 17.703 % 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. Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.;International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 15.278 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Tax Revenue: % of GDP from 1998 to 2022 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 119,161,332.024 COP mn in 2023. This records an increase from the previous number of 113,253,740.707 COP mn for 2022. CO: Revenue and Grants: Revenue: Taxes on Goods and Services data is updated yearly, averaging 53,793,601.305 COP mn from Dec 1998 (Median) to 2023, with 18 observations. The data reached an all-time high of 119,161,332.024 COP mn in 2023 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. Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 113,253,757.653 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Goods and Services from 1998 to 2022 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 9.305 % in 2023. This records a decrease from the previous number of 9.511 % for 2022. CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % Value Added of Industry and Services data is updated yearly, averaging 7.685 % from Dec 1998 (Median) to 2023, with 18 observations. The data reached an all-time high of 9.511 % 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. Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.;International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.;;
| Last | Frequency | Range |
|---|---|---|
| 9.509 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % Value Added of Industry and Services from 1998 to 2022 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 23.646 % in 2023. This records a decrease from the previous number of 27.386 % for 2022. CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % of Revenue data is updated yearly, averaging 24.876 % from Dec 1998 (Median) to 2023, with 18 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. Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 27.025 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Goods and Services: % of Revenue from 1998 to 2022 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 28.533 % in 2023. This records an increase from the previous number of 23.708 % for 2022. CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue data is updated yearly, averaging 22.532 % from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 28.533 % 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 levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 23.395 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue from 1998 to 2022 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 51.653 % in 2023. This records an increase from the previous number of 43.665 % for 2022. CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Total Taxes data is updated yearly, averaging 42.207 % from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 51.653 % 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 levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 43.661 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Total Taxes from 1998 to 2022 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 6,679,225.753 COP mn in 2023. This records a decrease from the previous number of 7,005,329.289 COP mn for 2022. CO: Revenue and Grants: Revenue: Taxes on International Trade data is updated yearly, averaging 4,332,285.349 COP mn from Dec 1998 (Median) to 2023, with 20 observations. The data reached an all-time high of 7,005,329.289 COP mn in 2022 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 include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;
| Last | Frequency | Range |
|---|---|---|
| 4,861,838.789 2021 | yearly | 1998 - 2021 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on International Trade from 1998 to 2021 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 1.325 % in 2023. This records a decrease from the previous number of 1.694 % for 2022. CO: Revenue and Grants: Revenue: Taxes on International Trade: % of Revenue data is updated yearly, averaging 2.143 % from Dec 1998 (Median) to 2023, with 20 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 include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 1.672 2022 | yearly | 1998 - 2022 |
View Colombia's CO: Revenue and Grants: Revenue: Taxes on International Trade: % of Revenue from 1998 to 2022 in the chart:
CO: Social Contributions: % of Revenue
CO: Social Contributions: % of Revenue data was reported at 17.940 % in 2023. This records a decrease from the previous number of 19.046 % for 2022. CO: Social Contributions: % of Revenue data is updated yearly, averaging 15.572 % from Dec 1998 (Median) to 2023, with 20 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 include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;
| Last | Frequency | Range |
|---|---|---|
| 14.801 2022 | yearly | 1998 - 2022 |