Share of central government spending funded by taxes in Colombia
Colombia: Share of central government spending funded by taxes was 58.9% in 2023. ▲ Rising
Share of central government spending funded by taxes in Colombia, 2000–2023
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
The most recent figure for share of central government spending funded by taxes in Colombia is 58.9%, measured in 2023.
The figure is up 13.1% on the previous year and up 16.1% over ten years.
Over the whole period, share of central government spending funded by taxes in Colombia peaked at 64.4% in 2012 and was at its lowest, 37.7%, in 2004.
That places Colombia 82nd out of 174 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Share of central government spending funded by taxes in Colombia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 54.6% | — |
| 2001 | 52.7% | -3.4% |
| 2002 | 44.9% | -14.8% |
| 2003 | 46.0% | +2.4% |
| 2004 | 37.7% | -18.1% |
| 2005 | 62.4% | +65.7% |
| 2006 | 47.3% | -24.2% |
| 2007 | 52.5% | +11.0% |
| 2008 | 50.0% | -4.7% |
| 2009 | 46.3% | -7.5% |
| 2010 | 47.7% | +3.0% |
| 2011 | 57.5% | +20.7% |
| 2012 | 64.4% | +12.0% |
| 2013 | 50.8% | -21.2% |
| 2014 | 59.0% | +16.2% |
| 2015 | 62.8% | +6.5% |
| 2016 | 55.6% | -11.5% |
| 2017 | 63.6% | +14.5% |
| 2018 | 59.0% | -7.4% |
| 2019 | 55.2% | -6.4% |
| 2020 | 47.8% | -13.4% |
| 2021 | 50.3% | +5.1% |
| 2022 | 52.1% | +3.6% |
| 2023 | 58.9% | +13.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 49.4% | 37.7% | 62.4% | 10 |
| 2010s | 57.6% | 47.7% | 64.4% | 10 |
| 2020s | 52.3% | 47.8% | 58.9% | 4 |
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)
- Households and NPISHs Final consumption expenditure (current LCU) 8.72 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 2,967 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 25.40 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.63 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.6256 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 5,356 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 10.01 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8868 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is share of central government spending funded by taxes in Colombia?
- Share of central government spending funded by taxes in Colombia was 58.9% in 2023, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest share of central government spending funded by taxes recorded in Colombia?
- The highest recorded value was 64.4% in 2012.
- What is the lowest share of central government spending funded by taxes recorded in Colombia?
- The lowest recorded value was 37.7% in 2004.
- How does Colombia rank for share of central government spending funded by taxes?
- Colombia ranks 82nd out of 174 countries with data for 2023.
- Is share of central government spending funded by taxes rising or falling in Colombia?
- Over the last ten years it is up 16.1%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund – with minor processing by Our World in Data, published as part of Share of central government spending funded by taxes. Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Spending refers to the budgetary central government which includes the core institutions of the national government. Funds only include taxes; Fines, penalties, and most social security contributions are excluded.