Central government revenues as a share of GDP in Colombia
Colombia: Central government revenues as a share of GDP was 25.8% in 2024. ▲ Rising
Central government revenues as a share of GDP in Colombia, 1998–2024
Source: International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for central government revenues as a share of gdp in Colombia is 25.8%, measured in 2024.
That represents a change of down 8.9% on the previous year and up 10.2% over ten years.
Over the whole period, central government revenues as a share of gdp in Colombia peaked at 28.4% in 2023 and was at its lowest, 15.5%, in 2000.
That places Colombia 74th out of 157 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Central government revenues as a share of GDP in Colombia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1998 | 18.2% | — |
| 1999 | 18.0% | -1.0% |
| 2000 | 15.5% | -13.9% |
| 2003 | 22.8% | +47.4% |
| 2008 | 21.9% | -4.1% |
| 2009 | 20.9% | -4.3% |
| 2010 | 21.6% | +3.0% |
| 2011 | 23.5% | +8.9% |
| 2012 | 26.3% | +12.1% |
| 2013 | 24.5% | -7.0% |
| 2014 | 23.4% | -4.3% |
| 2015 | 24.1% | +2.8% |
| 2016 | 24.2% | +0.5% |
| 2017 | 22.6% | -6.8% |
| 2018 | 23.5% | +3.9% |
| 2019 | 25.6% | +8.9% |
| 2020 | 23.7% | -7.4% |
| 2021 | 24.1% | +1.9% |
| 2022 | 25.4% | +5.3% |
| 2023 | 28.4% | +11.6% |
| 2024 | 25.8% | -8.9% |
Colombia compared with similar countries
- Colombia's 25.8% is above the median for upper middle income countries, which is 25.7%, 1.0× the median. (48 countries reporting)
- Colombia's 25.8% is above the median for Latin America & Caribbean, which is 23.3%, 1.1× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.1% | 18.0% | 18.2% | 2 |
| 2000s | 20.3% | 15.5% | 22.8% | 4 |
| 2010s | 23.9% | 21.6% | 26.3% | 10 |
| 2020s | 25.5% | 23.7% | 28.4% | 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 central government revenues as a share of gdp in Colombia?
- Central government revenues as a share of gdp in Colombia was 25.8% in 2024, according to International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest central government revenues as a share of gdp recorded in Colombia?
- The highest recorded value was 28.4% in 2023.
- What is the lowest central government revenues as a share of gdp recorded in Colombia?
- The lowest recorded value was 15.5% in 2000.
- How does Colombia rank for central government revenues as a share of gdp?
- Colombia ranks 74th out of 157 countries with data for 2024.
- Is central government revenues as a share of gdp rising or falling in Colombia?
- Over the last ten years it is up 10.2%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Central government revenues as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales included. Grants excluded.