Colombia: key figures on tax-free shopping days online sales 2020

In an attempt to reactivate the economy strongly impacted by the nationwide lockdown implemented to contain the spread of COVID-19, Colombia's government designated a series of tax-free shopping days. The second of the three days without value-added tax (VAT) on certain product categories was held on July 3, 2020, and left unprecedented results in online sales. On that day, the number of online sales grew by 143 percent compared to a regular Friday and generated nearly 332 billion Colombian pesos in internet purchases paid by credit or debit card.

Key figures on e-commerce sales on tax-free shopping days in Colombia in 2020

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Sources

Release date

July 2020

Region

Colombia

Survey time period

June 19 and July 3, 2020

Supplementary notes

Statistic based on data provided by various sources, such as ACH, Credibanco, and Redeban.
Online transactions only include internet purchase transactions paid for with credit or debit card.
Figures have been rounded.

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Statistics on "E-commerce in Colombia"

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