Subsidies and other transfers in Colombia
Colombia: Subsidies and other transfers was 346.34 trillion current LCU in 2024. ◆ Volatile
Subsidies and other transfers in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Colombia recorded 346.34 trillion current LCU for subsidies and other transfers in 2024. That is the highest value across all 21 years on record.
That represents a change of up 7.9% on the previous year and up 155.8% over ten years.
Over the whole period, subsidies and other transfers in Colombia peaked at 346.34 trillion current LCU in 2024 and was at its lowest, 7.99 trillion current LCU, in 1998.
That places Colombia 3rd out of 153 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 | 8.88 trillion current LCU | 7.99 trillion current LCU | 9.77 trillion current LCU | 2 |
| 2000s | 35.07 trillion current LCU | 10.76 trillion current LCU | 51.30 trillion current LCU | 4 |
| 2010s | 120.36 trillion current LCU | 52.31 trillion current LCU | 187.95 trillion current LCU | 10 |
| 2020s | 282.52 trillion current LCU | 213.88 trillion current LCU | 346.34 trillion current LCU | 5 |
Countries ranked near Colombia
- 1 Indonesia 520.46 trillion current LCU compare
- 2 South Korea 484.57 trillion current LCU compare
- 4 Iran 276.80 trillion current LCU compare
- 5 Lebanon 149.54 trillion current LCU compare
- 6 Uzbekistan 138.21 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 subsidies and other transfers in Colombia?
- Subsidies and other transfers in Colombia was 346.34 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Colombia?
- The highest recorded value was 346.34 trillion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Colombia?
- The lowest recorded value was 7.99 trillion current LCU in 1998.
- How does Colombia rank for subsidies and other transfers?
- Colombia ranks 3rd out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Colombia?
- Over the last ten years it is up 155.8%. 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 Subsidies and other transfers (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
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.