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Government Finance of Colombia

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

7.5% 27.1% 8.5% 8.3% 42.3%
  • Personal income taxes: 7.5%
  • Corporate income taxes: 27.1%
  • Social security contributions: 8.5%
  • Payroll taxes: 1.6%
  • Property taxes: 8.3%
  • Goods and services taxes: 42.3%
  • Other taxes: 4.6%
Show table
Personal income taxes
7.5%
Corporate income taxes
27.1%
Social security contributions
8.5%
Payroll taxes
1.6%
Property taxes
8.3%
Goods and services taxes
42.3%
Other taxes
4.6%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 60.9% #74 / 184 2026
Government Gross Debt (Local currency - COP) 1.23Q - 2026
Government Net Debt (% of GDP) 53.6% #31 / 86 2026
Government Net Debt (Local currency - COP) 1.08Q - 2026

Fiscal Balance

Fiscal Balance (% of GDP) -5.2% #150 / 189 2026
Fiscal Balance (Local currency - COP) -103.93T - 2026
Primary Fiscal Balance (% of GDP) -2.4% #130 / 182 2026
Primary Fiscal Balance (Local currency - COP) -47.69T - 2026

Revenue and Spending

Government Revenue (% of GDP) 27.9% #93 / 189 2026
Government Revenue (Local currency - COP) 562.01T - 2026
Government Spending (% of GDP) 33% #80 / 189 2026
Government Spending (Local currency - COP) 665.95T - 2026

International Reserves

Total Reserves (USD) 61.9B #38 / 163 2024

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