SUT Taxes less subsidies on products as a share of final consumption in Colombia
Colombia: SUT Taxes less subsidies on products as a share of final consumption was 6.55 Percentage of household final consumption expenditure at purchasers' prices in t in 2023. ▲ Rising
SUT Taxes less subsidies on products as a share of final consumption in Colombia, 2014–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of household final consumption expenditure at purchasers' prices in t.
Analysis
In 2023, sut taxes less subsidies on products as a share of final consumption in Colombia stood at 6.55 Percentage of household final consumption expenditure at purchasers' prices in t.
Compared with earlier readings it is up 4.7% over ten years.
Over the whole period, sut taxes less subsidies on products as a share of final consumption in Colombia peaked at 6.68 Percentage of household final consumption expenditure at purchasers' prices in t in 2019 and was at its lowest, 5.88 Percentage of household final consumption expenditure at purchasers' prices in t, in 2016.
Colombia ranks 19th of 20 countries on this measure, in the bottom quarter.
SUT Taxes less subsidies on products as a share of final consumption in Colombia, year by year
| Year | Percentage of household final consumption expenditure at purchasers' prices in t | Change |
|---|---|---|
| 2014 | 6.26 Percentage of household final consumption expenditure at purchasers' prices in t | — |
| 2015 | 6.22 Percentage of household final consumption expenditure at purchasers' prices in t | -0.5% |
| 2016 | 5.88 Percentage of household final consumption expenditure at purchasers' prices in t | -5.5% |
| 2017 | 6.3 Percentage of household final consumption expenditure at purchasers' prices in t | +7.2% |
| 2018 | 6.51 Percentage of household final consumption expenditure at purchasers' prices in t | +3.4% |
| 2019 | 6.68 Percentage of household final consumption expenditure at purchasers' prices in t | +2.5% |
| 2020 | 6.05 Percentage of household final consumption expenditure at purchasers' prices in t | -9.4% |
| 2021 | 6.29 Percentage of household final consumption expenditure at purchasers' prices in t | +4.1% |
| 2022 | 6.55 Percentage of household final consumption expenditure at purchasers' prices in t | +4.0% |
| 2023 | 6.55 Percentage of household final consumption expenditure at purchasers' prices in t | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.31 Percentage of household final consumption expenditure at purchasers' prices in t | 5.88 Percentage of household final consumption expenditure at purchasers' prices in t | 6.68 Percentage of household final consumption expenditure at purchasers' prices in t | 6 |
| 2020s | 6.36 Percentage of household final consumption expenditure at purchasers' prices in t | 6.05 Percentage of household final consumption expenditure at purchasers' prices in t | 6.55 Percentage of household final consumption expenditure at purchasers' prices in t | 4 |
Countries ranked near Colombia
- 16 Canada 7.47 Percentage of household final consumption expenditure at purchasers' prices in t compare
- 17 Romania 7.25 Percentage of household final consumption expenditure at purchasers' prices in t compare
- 18 Australia 6.8 Percentage of household final consumption expenditure at purchasers' prices in t compare
- 20 United States of America 3.06 Percentage of household final consumption expenditure at purchasers' prices in t compare
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 sut taxes less subsidies on products as a share of final consumption in Colombia?
- Sut taxes less subsidies on products as a share of final consumption in Colombia was 6.55 Percentage of household final consumption expenditure at purchasers' prices in t in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest sut taxes less subsidies on products as a share of final consumption recorded in Colombia?
- The highest recorded value was 6.68 Percentage of household final consumption expenditure at purchasers' prices in t in 2019.
- What is the lowest sut taxes less subsidies on products as a share of final consumption recorded in Colombia?
- The lowest recorded value was 5.88 Percentage of household final consumption expenditure at purchasers' prices in t in 2016.
- How does Colombia rank for sut taxes less subsidies on products as a share of final consumption?
- Colombia ranks 19th out of 20 countries with data for 2023.
- Is sut taxes less subsidies on products as a share of final consumption rising or falling in Colombia?
- Over the last ten years it is up 4.7%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of SUT Taxes less subsidies on products as a share of final consumption expenditure by households. Statizoid updates them automatically from the source API.
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About this data
Taxes (subsidies) on products are payable (received) based on the quantity or the value of the goods and services. The main component of taxes on products is the value added tax (VAT). The indicator is for that part of taxes less subsidies on products that relates to household final consumption.For each product, the indicator is calculated as Taxes less subsidies of the product related to final consumption expenditure by households / Total final consumption expenditure by households at purchasers ‘prices of the same product. This indicator is calculated by the OECD from the taxes less subsidies on products matrix and the Use table at purchasers’ prices reported to the OECD by countries in their answers to Supply and Use questionnaire. The dataset corresponds to SNA_TABLE45 dataset in the previous dissemination system. A mapping between the new codes and previous codes is available in SUT_INDICATOR_Codes_mapping Explore the OECD SUT webpage SUT webpage