Financing of social security benefits in OECD member countries — Tax in Colombia
Colombia: Financing of social security benefits in OECD member countries — Tax was 1.7 Percentage of GDP in 2024. ▼ Falling
Financing of social security benefits in OECD member countries — Tax in Colombia, 1990–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Colombia recorded 1.7 Percentage of GDP for financing of social security benefits in oecd member countries — tax in 2024.
The figure is up 6.0% on the previous year and down 5.6% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Colombia peaked at 4.09 Percentage of GDP in 1997 and was at its lowest, 0.8957 Percentage of GDP, in 1990.
Colombia ranks 31st of 33 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 35 years of available data.
Financing of social security benefits in OECD member countries — Tax in Colombia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1990 | 0.8957 Percentage of GDP | — |
| 1991 | 1.85 Percentage of GDP | +106.4% |
| 1992 | 1.96 Percentage of GDP | +5.8% |
| 1993 | 2.19 Percentage of GDP | +12.1% |
| 1994 | 2.8 Percentage of GDP | +27.8% |
| 1995 | 3.64 Percentage of GDP | +29.9% |
| 1996 | 3.93 Percentage of GDP | +7.9% |
| 1997 | 4.09 Percentage of GDP | +4.1% |
| 1998 | 3.5 Percentage of GDP | -14.4% |
| 1999 | 3.24 Percentage of GDP | -7.5% |
| 2000 | 2.56 Percentage of GDP | -21.0% |
| 2001 | 2.53 Percentage of GDP | -1.0% |
| 2002 | 2.31 Percentage of GDP | -9.0% |
| 2003 | 2.11 Percentage of GDP | -8.3% |
| 2004 | 2.39 Percentage of GDP | +12.8% |
| 2005 | 2.32 Percentage of GDP | -2.7% |
| 2006 | 2.24 Percentage of GDP | -3.5% |
| 2007 | 2.26 Percentage of GDP | +1.0% |
| 2008 | 2.02 Percentage of GDP | -10.7% |
| 2009 | 2.06 Percentage of GDP | +2.0% |
| 2010 | 2.11 Percentage of GDP | +2.4% |
| 2011 | 1.66 Percentage of GDP | -21.1% |
| 2012 | 1.77 Percentage of GDP | +6.5% |
| 2013 | 2.33 Percentage of GDP | +31.5% |
| 2014 | 1.8 Percentage of GDP | -22.9% |
| 2015 | 1.69 Percentage of GDP | -6.1% |
| 2016 | 1.79 Percentage of GDP | +5.9% |
| 2017 | 1.45 Percentage of GDP | -18.9% |
| 2018 | 1.84 Percentage of GDP | +27.0% |
| 2019 | 1.84 Percentage of GDP | +0.2% |
| 2020 | 1.84 Percentage of GDP | -0.2% |
| 2021 | 1.82 Percentage of GDP | -1.3% |
| 2022 | 1.63 Percentage of GDP | -10.6% |
| 2023 | 1.6 Percentage of GDP | -1.5% |
| 2024 | 1.7 Percentage of GDP | +6.0% |
Biggest year-on-year movements
Years where Financing of social security benefits in OECD member countries — Tax in Colombia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | +106.4% | 0.8957 Percentage of GDP | 1.85 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.81 Percentage of GDP | 0.8957 Percentage of GDP | 4.09 Percentage of GDP | 10 |
| 2000s | 2.28 Percentage of GDP | 2.02 Percentage of GDP | 2.56 Percentage of GDP | 10 |
| 2010s | 1.83 Percentage of GDP | 1.45 Percentage of GDP | 2.33 Percentage of GDP | 10 |
| 2020s | 1.72 Percentage of GDP | 1.6 Percentage of GDP | 1.84 Percentage of GDP | 5 |
Countries ranked near Colombia
More economy & growth data for Colombia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.41 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 4.82 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0105 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 90.31 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.57 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -15.44 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0253 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 216.58 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.31 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in Colombia?
- Financing of social security benefits in oecd member countries — tax in Colombia was 1.7 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest financing of social security benefits in oecd member countries — tax recorded in Colombia?
- The highest recorded value was 4.09 Percentage of GDP in 1997.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Colombia?
- The lowest recorded value was 0.8957 Percentage of GDP in 1990.
- How does Colombia rank for financing of social security benefits in oecd member countries — tax?
- Colombia ranks 31st out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Colombia?
- Over the last ten years it is down 5.6%. The long-run trend across the full record is falling.
- Where does this Colombia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Financing of social security benefits in OECD member countries — Tax revenue. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
Compulsory payments conferring entitlement to future social benefits These are usually earmarked to finance social benefits and paid to institutions of general government.