Colombia: Fiscal freedom

* indicates monthly or quarterly data series
 Colombia

Fiscal freedom index (0-100)

 Latest value 20
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 71
 Min - Max 20 - 81
 Source The Heritage Foundation
For that indicator, we provide data for Colombia from 1995 to 2024. The average value for Colombia during that period was 71 points with a minimum of 20 points in 2024 and a maximum of 81 points in 1995. The latest value from 2024 is 20 points. For comparison, the world average in 2024 based on 174 countries is 52 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Colombia - Fiscal freedom - Recent values chart

Historical chart
Colombia - Fiscal freedom - historical chart - 1995-2024




The Fiscal Freedom index for Colombia from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.
Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.


 Related indicators Latest value Reference Measure
 Property rights 45 2024 points
 Freedom from corruption 38 2024 points
 Fiscal freedom 20 2024 points
 Business freedom 69 2024 points
 Labor freedom 62 2024 points
 Monetary freedom 72.30 2024 points
 Trade freedom 73 2024 points
 Investment freedom 70 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 59 2024 index points
This site uses cookies.
Learn more here


OK