Colombia: Tax revenue

* indicates monthly or quarterly data series

Tax revenue, percent of GDP

 Latest value 15.35
 Year 2022
 Measure percent
 Data availability 1998 - 2022
 Average 13.87
 Min - Max 11.22 - 15.8
 Source The World Bank
For that indicator, we provide data for Colombia from 1998 to 2022. The average value for Colombia during that period was 13.87 percent with a minimum of 11.22 percent in 2000 and a maximum of 15.8 percent in 2015. The latest value from 2022 is 15.35 percent. For comparison, the world average in 2022 based on 20 countries is 19.12 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Colombia - Tax revenue - recent values

Historical chart
Colombia - Tax revenue - historical chart - 1998-2022

Definition: 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.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 13.95 2022 percent
 Government spending, in dollars 47.94 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -6.51 2022 percent
 Government debt 64.95 2022 percent
 Government expenditure 56,517.75 Q3/2023 billion
 Long-term government bond yield 11.87 9/2023 percent
 Tax revenue 15.35 2022 percent
 Commercial tax rate 71.20 2019 percent
 Tax preparation time 256 2019 hours
 Number of taxes 10 2019 taxes
 Taxes on goods and services 27.02 2022 percent
 Taxes on international trade 1.67 2022 percent
 Income and profits taxes 23.40 2022 percent
 Foreign aid 1,914.81 2021 million U.S. dollars
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