This study examines the impact of Colombia’s mental health system reforms (1999–2021) on suicide mortality trends using national vital statistics data (51,924 suicide-related deaths). Through joinpoint regression and interrupted time series analyses, we assessed age-standardized suicide rates (ASSRs) across demographic subgroups. Results revealed no statistically significant associations between policy reforms and suicide trends, despite Colombia’s progressive legislative advancements, including Law 1616 (2013) and expanded mental health services. Key findings include (1) declining ASSR for adolescents (−0.75% annually, p < 0.001) but rising rates among women (+3.8% post-2012, p < 0.05); (2) rural areas consistently exhibited higher ASSRs than urban settings; and (3) reforms showed nonsignificant immediate or sustained effects (p > 0.05). The study underscores the complexity of suicide determinants, suggesting that structural factors (e.g., socioeconomic disparities) may outweigh health-sector interventions. These findings highlight the need for integrated, context-specific suicide prevention strategies in Colombia and similar settings.