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

Published by Stephanie Chevalier, Jan 5, 2021

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 last of the three days without value-added tax (VAT) on certain product categories was held on November 21, 2020, and left unprecedented results in online sales. On that day, the number of online transactions grew by 169 percent compared to an average Saturday and generated approximately 477 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

Characteristic	June 19 (1st day)	July 3 (2nd day)	November 21 (3rd day)
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

Source

Show detailed source information?

Already a member?

Sources

Release date

December 2020

More information

Region

Colombia

Survey time period

June 19, July 3, and November 21, 2020

Supplementary notes

* For June and July tax-free shopping days, growth is compared to a regular Friday. For the VAT-free day in November, growth is compared to a normal Saturday. Values were calculated by Statista based on the data provided by the source.
** Figures for June and July were retrieved from a previous report.

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.