Colombia - Social contributions

Social contributions (current LCU)

The value for Social contributions (current LCU) in Colombia was 34,924,700,000,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 42,392,900,000,000 in 2016 and a minimum value of 2,014,150,000,000 in 1998.

Definition: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.

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

Year Value
1998 2,014,150,000,000
1999 2,229,430,000,000
2000 2,463,820,000,000
2003 6,956,550,000,000
2008 18,284,400,000,000
2009 14,833,600,000,000
2010 15,068,200,000,000
2011 26,730,900,000,000
2012 34,031,200,000,000
2013 27,224,200,000,000
2014 33,340,300,000,000
2015 35,018,800,000,000
2016 42,392,900,000,000
2017 17,493,600,000,000
2018 30,637,800,000,000
2019 34,924,700,000,000

Social contributions (% of revenue)

Social contributions (% of revenue) in Colombia was 11.46 as of 2019. Its highest value over the past 21 years was 20.08 in 2012, while its lowest value was 7.28 in 2017.

Definition: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.

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

See also:

Year Value
1998 7.88
1999 8.17
2000 7.63
2003 11.04
2008 17.04
2009 13.57
2010 12.46
2011 18.00
2012 20.08
2013 12.98
2014 15.91
2015 16.39
2016 18.21
2017 7.28
2018 11.19
2019 11.46

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance