Colombia: Taxes on goods and services

* indicates monthly or quarterly data series
 Colombia

Taxes on goods and services, percent of total revenue

 Latest value 27.02
 Year 2022
 Measure percent
 Data availability 1998 - 2022
 Average 25.36
 Min - Max 21.97 - 28.73
 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 25.36 percent with a minimum of 21.97 percent in 2013 and a maximum of 28.73 percent in 2008. The latest value from 2022 is 27.02 percent. For comparison, the world average in 2022 based on 20 countries is 32.92 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 - Taxes on goods and services - Recent values chart

Historical chart
Colombia - Taxes on goods and services - historical chart - 1998-2022




Definition: 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.


 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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