Colombia's social contributions (% of revenue) was 19.91% in 2024, the latest year in the World Bank's World Development Indicators. That is up 4 percentage points from 15.91% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 19.91% | 2024 |
| Five years earlier | 15.21% | 2019 |
| Ten years earlier | 15.91% | 2014 |
| Highest | 20.08% | 2012 |
| Lowest | 7.28% | 2017 |
| Average since 2015 | 16.61% | 2015–2024 |
| First recorded | 7.88% | 1998 |
What the numbers say
In 2024, Colombia's social contributions (% of revenue) rose 1.97 percentage points on 2023 (from 17.94% to 19.91%).
Across the 17 yearly changes before that (1999 to 2023), the average change was +0.04 percentage points and a typical year strayed about 4.61 percentage points from that (the standard deviation). This year's change was 0.4 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 9.25 percentage points in 2018 and the biggest yearly fall was 10.94 percentage points in 2017. 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 there is no clear straight-line trend: a straight line explains 24% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Colombia had the 40th highest value of the 68 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.
| Value | Year | |
|---|---|---|
| Colombia | 19.91% | 2024 |
| Latin America & Caribbean | 17.55% | 2022 |
| Upper middle income | 16.93% | 2023 |
Closest to Colombia in the 2024 ranking
What this measures
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
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).
Regional and income-group figures are computed by the World Bank as a median.
All 21 values
| Year | Social contributions (% of revenue) |
|---|---|
| 2024 | 19.91 |
| 2023 | 17.94 |
| 2022 | 19.05 |
| 2021 | 20 |
| 2020 | 15.57 |
| 2019 | 15.21 |
| 2018 | 16.53 |
| 2017 | 7.28 |
| 2016 | 18.21 |
| 2015 | 16.39 |
| 2014 |
Social contributions (% of revenue) in nearby economies
- Argentina — 29.96% (2024)
- Barbados — 0.00833% (2016)
- Belize — 0.06% (2016)
- Brazil — 22.42% (2024)
- Chile — 5.43% (2024)
- Costa Rica — 34.59% (2024)
- Dominican Republic — 4.07% (2024)
- Ecuador — 16.05% (2022)
- El Salvador — 8.81% (2024)
- Guatemala — 5.91% (2024)
- Honduras
More public sector data for Colombia
- Arms imports (SIPRI trend indicator values) — 22 million (2025)
- Military expenditure (current USD) — 14.5 billion (2025)
- Military expenditure (current LCU) — 58.75 trillion (2025)
- Military expenditure (% of GDP) — 3.2% (2025)
- Military expenditure (% of general government expenditure) — 9.29% (2025)
- Battle-related deaths (number of people) — 225 (2024)
- Intentional homicides, female (per 100,000 female) — 3.44 (2023)
- Intentional homicides, male (per 100,000 male) — 46.95 (2023)
- Intentional homicides (per 100,000 people) — 24.91 (2023)
- Armed forces personnel, total
Reading data like this
Questions people ask
- What is Colombia's social contributions (% of revenue)?
- 19.91% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1998?
- It is up 12.03 percentage points from 7.88% in 1998. The highest value was 20.08% in 2012 and the lowest 7.28% in 2017.
- How does Colombia rank?
- 40th highest of 68 economies with data for 2024.
- Is the latest change in social contributions (% of revenue) unusual for Colombia?
- In 2024, Colombia's social contributions (% of revenue) rose 1.97 percentage points on 2023 (from 17.94% to 19.91%). Across the 17 yearly changes before that (1999 to 2023), the average change was +0.04 percentage points and a typical year strayed about 4.61 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.REV.SOCL.ZS, 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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