R&D tax expenditure and direct government funding of BERD — Indirect in Colombia
Colombia: R&D tax expenditure and direct government funding of BERD — Indirect was 0.0007 Percentage of GDP in 2024. ◆ Volatile
R&D tax expenditure and direct government funding of BERD — Indirect in Colombia, 2000–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Colombia recorded 0.0007 Percentage of GDP for r&d tax expenditure and direct government funding of berd — indirect in 2024. That is the lowest value across all 25 years on record.
Compared with earlier readings it is down 12.5% on the previous year and down 94.0% over ten years.
Over the whole period, r&d tax expenditure and direct government funding of berd — indirect in Colombia peaked at 0.0128 Percentage of GDP in 2015 and was at its lowest, 0.0007 Percentage of GDP, in 2024.
That places Colombia 32nd out of 43 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
R&D tax expenditure and direct government funding of BERD — Indirect in Colombia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 0.0016 Percentage of GDP | — |
| 2001 | 0.0038 Percentage of GDP | +137.5% |
| 2002 | 0.002 Percentage of GDP | -47.4% |
| 2003 | 0.0025 Percentage of GDP | +25.0% |
| 2004 | 0.0026 Percentage of GDP | +4.0% |
| 2005 | 0.0019 Percentage of GDP | -26.9% |
| 2006 | 0.0028 Percentage of GDP | +47.4% |
| 2007 | 0.0009 Percentage of GDP | -67.9% |
| 2008 | 0.0017 Percentage of GDP | +88.9% |
| 2009 | 0.001 Percentage of GDP | -41.2% |
| 2010 | 0.0038 Percentage of GDP | +280.0% |
| 2011 | 0.0097 Percentage of GDP | +155.3% |
| 2012 | 0.0124 Percentage of GDP | +27.8% |
| 2013 | 0.0057 Percentage of GDP | -54.0% |
| 2014 | 0.0116 Percentage of GDP | +103.5% |
| 2015 | 0.0128 Percentage of GDP | +10.3% |
| 2016 | 0.0086 Percentage of GDP | -32.8% |
| 2017 | 0.0058 Percentage of GDP | -32.6% |
| 2018 | 0.0069 Percentage of GDP | +19.0% |
| 2019 | 0.0056 Percentage of GDP | -18.8% |
| 2020 | 0.0121 Percentage of GDP | +116.1% |
| 2021 | 0.0068 Percentage of GDP | -43.8% |
| 2022 | 0.0088 Percentage of GDP | +29.4% |
| 2023 | 0.0008 Percentage of GDP | -90.9% |
| 2024 | 0.0007 Percentage of GDP | -12.5% |
Colombia compared with similar countries
- Colombia's 0.0007 Percentage of GDP is below the median for upper middle income countries, which is 0.001 Percentage of GDP, 67% of the median. (10 countries reporting)
- Colombia's 0.0007 Percentage of GDP is above the median for Latin America & Caribbean, which is 0.0007 Percentage of GDP, 1.0× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0021 Percentage of GDP | 0.0009 Percentage of GDP | 0.0038 Percentage of GDP | 10 |
| 2010s | 0.0083 Percentage of GDP | 0.0038 Percentage of GDP | 0.0128 Percentage of GDP | 10 |
| 2020s | 0.0058 Percentage of GDP | 0.0007 Percentage of GDP | 0.0121 Percentage of GDP | 5 |
Countries ranked near Colombia
- 29 Chile 0.002 Percentage of GDP compare
- 30 Mexico 0.0013 Percentage of GDP compare
- 31 Thailand 0.0008 Percentage of GDP compare
- 33 Peru 0.0006 Percentage of GDP compare
- 34 Indonesia 0 Percentage of GDP compare
- 35 Costa Rica 0 Percentage of GDP
- 35 Malta 0 Percentage of GDP compare
- 35 Israel 0 Percentage of GDP
- 35 Luxembourg 0 Percentage of GDP
- 35 Switzerland 0 Percentage of GDP
- 35 Argentina 0 Percentage of GDP compare
- 35 Bulgaria 0 Percentage of GDP
- 35 Hong Kong 0 Percentage of GDP
- 35 India 0 Percentage of GDP
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 r&d tax expenditure and direct government funding of berd — indirect in Colombia?
- R&d tax expenditure and direct government funding of berd — indirect in Colombia was 0.0007 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest r&d tax expenditure and direct government funding of berd — indirect recorded in Colombia?
- The highest recorded value was 0.0128 Percentage of GDP in 2015.
- What is the lowest r&d tax expenditure and direct government funding of berd — indirect recorded in Colombia?
- The lowest recorded value was 0.0007 Percentage of GDP in 2024.
- How does Colombia rank for r&d tax expenditure and direct government funding of berd — indirect?
- Colombia ranks 32nd out of 43 countries with data for 2024.
- Is r&d tax expenditure and direct government funding of berd — indirect rising or falling in Colombia?
- Over the last ten years it is down 94.0%. The long-run trend across the full record is volatile.
- Where does this Colombia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of R&D tax expenditure and direct government funding of BERD — Indirect government support through R&D tax incentives (GTARD). Statizoid updates them automatically from the source API.
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About this data
The OECD R&D Tax Incentives database provides a set of indicators that reflect the level and structure of central and subnational government support for business R&D in form of R&D tax incentives and direct funding across OECD member countries and other major economies. This includes time-series indicators of tax expenditures for R&D, based on the latest OECD data collection on tax incentive support for R&D expenditures. Estimates of the cost of R&D tax support at subnational government level are reported whenever such provisions are applicable and relevant data are available. These estimates of the cost of central and subnational R&D tax relief have been combined with data on direct government funding of business expenditure on R&D (BERD), as compiled by National Statistical Offices based on reports from firms, in order to provide a more complete picture of government efforts to promote business R&D. Furthermore, these estimates are combined with data on Government budget allocations for R&D (GBARD) in the broader context of overall budgetary support for R&D activities undertaken by governments. Government budget allocations for R&D include direct funding provided to all sectors, including contributions to R&D programmes abroad. OECD (2019) provides a practical guide to using the OECD R&D Tax Incentives database, describing the R&D tax incentive time series data and highlighting their potential for internationally comparative work through descriptive indicators and econometric analysis.