Colombia - Taxes on goods and services

Taxes on goods and services (current LCU)

The value for Taxes on goods and services (current LCU) in Colombia was 80,712,700,000,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 80,712,700,000,000 in 2019 and a minimum value of 7,048,250,000,000 in 1998.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
1998 7,048,250,000,000
2003 15,126,800,000,000
2008 30,833,000,000,000
2009 29,454,000,000,000
2010 33,010,900,000,000
2011 38,826,100,000,000
2012 41,420,900,000,000
2013 46,076,500,000,000
2014 52,146,200,000,000
2015 55,441,000,000,000
2016 56,456,000,000,000
2017 58,722,500,000,000
2018 66,699,200,000,000
2019 80,712,700,000,000

Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in Colombia was 26.49 as of 2019. Its highest value over the past 21 years was 28.73 in 2008, while its lowest value was 21.97 in 2013.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1998 27.59
2003 24.00
2008 28.73
2009 26.94
2010 27.29
2011 26.15
2012 24.43
2013 21.97
2014 24.89
2015 25.95
2016 24.26
2017 24.43
2018 24.36
2019 26.49

Taxes on goods and services (% value added of industry and services)

Taxes on goods and services (% value added of industry and services) in Colombia was 9.04 as of 2019. Its highest value over the past 21 years was 9.04 in 2019, while its lowest value was 5.88 in 1998.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.

See also:

Year Value
1998 5.88
2003 6.63
2008 7.69
2009 6.93
2010 7.16
2011 7.40
2012 7.28
2013 7.49
2014 7.98
2015 8.12
2016 7.73
2017 7.56
2018 7.99
2019 9.04

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance