Social contributions in Colombia
Colombia: Social contributions was 100.48 trillion current LCU in 2024. ◆ Volatile
Social contributions in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Colombia recorded 100.48 trillion current LCU for social contributions in 2024. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 11.1% on the previous year and up 201.4% over ten years.
Over the whole period, social contributions in Colombia peaked at 100.48 trillion current LCU in 2024 and was at its lowest, 2.01 trillion current LCU, in 1998.
That places Colombia 3rd out of 112 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.12 trillion current LCU | 2.01 trillion current LCU | 2.23 trillion current LCU | 2 |
| 2000s | 10.63 trillion current LCU | 2.46 trillion current LCU | 18.28 trillion current LCU | 4 |
| 2010s | 32.33 trillion current LCU | 15.07 trillion current LCU | 47.79 trillion current LCU | 10 |
| 2020s | 76.42 trillion current LCU | 45.13 trillion current LCU | 100.48 trillion current LCU | 5 |
Countries ranked near Colombia
- 1 South Korea 202.27 trillion current LCU compare
- 2 Iran 194.79 trillion current LCU compare
- 4 Uzbekistan 38.88 trillion current LCU compare
- 5 Argentina 29.54 trillion current LCU compare
- 6 Paraguay 13.29 trillion current LCU compare
More public sector data for Colombia
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Tax revenue 15.2% (2024)
- Taxes on income, profits and capital gains 24.1% (2024)
- Taxes on goods and services 24.3% (2024)
- Net investment in nonfinancial assets 0.8% (2024)
- Net lending (+) / net borrowing (-) -4.6% (2024)
- Interest payments 13.9% (2024)
- Grants and other revenue 28.4% (2024)
- Interest payments 13.2% (2023)
- Other taxes 1.8% (2024)
Frequently asked questions
- What is social contributions in Colombia?
- Social contributions in Colombia was 100.48 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Colombia?
- The highest recorded value was 100.48 trillion current LCU in 2024.
- What is the lowest social contributions recorded in Colombia?
- The lowest recorded value was 2.01 trillion current LCU in 1998.
- How does Colombia rank for social contributions?
- Colombia ranks 3rd out of 112 countries with data for 2024.
- Is social contributions rising or falling in Colombia?
- Over the last ten years it is up 201.4%. The long-run trend across the full record is volatile.
- Where does this Colombia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Social contributions (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.