Public Sector · Colombia
Yearly data from 1998 to 2024, from the World Bank.
Colombia's customs and other import duties (current LCU) was 6.06 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 54.53% from 3.92 trillion in 2014 (4.45% a year on average, compounded).
| Value | Year | |
|---|---|---|
| Latest | 6.06 trillion | 2024 |
| Five years earlier | 3.83 trillion | 2019 |
| Ten years earlier | 3.92 trillion | 2014 |
| Highest | 6.26 trillion | 2022 |
| Lowest | 1.37 trillion | 1999 |
| Average since 2015 | 4.53 trillion | 2015–2024 |
| First recorded | 1.65 trillion | 1998 |
Over five years it is up 58.1% from 3.83 trillion in 2019 (9.59% a year on average, compounded). Since 1998 it is up 268.03% from 1.65 trillion in 1998 (5.14% a year on average, compounded). The World Bank has no value for 6 of the years in between; the chart leaves those gaps open rather than joining across them.
In 2024, Colombia's customs and other import duties (current LCU) rose 5% on 2023 (from 5.77 trillion to 6.06 trillion).
Across the 17 yearly changes before that (1999 to 2023), the average change was +2.5% and a typical year strayed about 21.6% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 51.8% in 2021 and the biggest yearly fall was 23.5% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 236.25 billion a year. A straight line explains 40% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
In 2024, Colombia had the 3rd highest value of the 65 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
| Year | Customs and other import duties (current LCU) |
|---|---|
| 2024 | 6,060,074,542,110 |
| 2023 | 5,771,325,677,302 |
| 2022 | 6,258,545,544,878 |
| 2021 | 4,452,949,078,417 |
| 2020 | 2,933,768,387,060 |
| 2019 | 3,832,993,888,612 |
| 2018 | 3,558,185,305,901 |
| 2017 | 3,792,649,938,472 |
| 2016 | 4,045,108,407,829 |
| 2015 | 4,639,635,289,862 |
| 2014 | 3,921,517,034,798 |
| 2013 | 4,285,590,000,000 |
| 2012 | 4,428,638,000,000 |
| 2011 | 5,169,360,000,000 |
| 2010 | 5,482,650,000,000 |
| 2009 | 4,580,474,000,000 |
| 2008 | 5,515,912,000,000 |
| 2007 | no data |
| 2006 | no data |
| 2005 | no data |
| 2004 | no data |
| 2003 | 1,967,454,570,829 |
| 2002 | no data |
| 2001 | no data |
| 2000 | 1,744,097,418,324 |
| 1999 | 1,372,620,988,637 |
| 1998 | 1,646,641,000,000 |
Every indicator for Colombia is on the Colombia data page.
World Bank, World Development Indicators, indicator GC.TAX.IMPT.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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