Domestic credit provided by financial sector in Colombia
Colombia: Domestic credit provided by financial sector was 75.8% in 2024. ▲ Rising
Domestic credit provided by financial sector in Colombia, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Colombia recorded 75.8% for domestic credit provided by financial sector in 2024.
Compared with earlier readings it is up 1.4% on the previous year and up 7.7% over ten years.
Over the whole period, domestic credit provided by financial sector in Colombia peaked at 93.6% in 2020 and was at its lowest, 37.5%, in 2002.
That places Colombia 25th out of 65 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Domestic credit provided by financial sector in Colombia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 38.5% | — |
| 2002 | 37.5% | -2.5% |
| 2003 | 40.7% | +8.5% |
| 2004 | 45.2% | +11.1% |
| 2005 | 49.8% | +10.1% |
| 2006 | 52.0% | +4.4% |
| 2007 | 52.9% | +1.7% |
| 2008 | 55.9% | +5.7% |
| 2009 | 62.4% | +11.6% |
| 2010 | 66.1% | +5.9% |
| 2011 | 65.2% | -1.3% |
| 2012 | 69.3% | +6.3% |
| 2013 | 69.5% | +0.2% |
| 2014 | 70.4% | +1.4% |
| 2015 | 75.3% | +7.0% |
| 2016 | 78.1% | +3.7% |
| 2017 | 82.9% | +6.1% |
| 2018 | 77.2% | -6.8% |
| 2019 | 79.9% | +3.5% |
| 2020 | 93.6% | +17.1% |
| 2021 | 84.8% | -9.3% |
| 2022 | 72.9% | -14.0% |
| 2023 | 74.8% | +2.5% |
| 2024 | 75.8% | +1.4% |
Colombia compared with similar countries
- Colombia's 75.8% is above the median for upper middle income countries, which is 62.6%, 1.2× the median. (30 countries reporting)
- Colombia's 75.8% is above the median for Latin America & Caribbean, which is 65.9%, 1.2× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 48.3% | 37.5% | 62.4% | 9 |
| 2010s | 73.4% | 65.2% | 82.9% | 10 |
| 2020s | 80.4% | 72.9% | 93.6% | 5 |
Countries ranked near Colombia
- 22 United Arab Emirates 78.1% compare
- 23 Bolivia, Plurinational State of 77.5% compare
- 24 Brunei Darussalam 76.3% compare
- 26 Bahamas 75.3% compare
- 27 Georgia 75.0% compare
- 28 Costa Rica 73.4% compare
More financial sector data for Colombia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.68 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.26 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.68 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit provided by financial sector in Colombia?
- Domestic credit provided by financial sector in Colombia was 75.8% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Colombia?
- The highest recorded value was 93.6% in 2020.
- What is the lowest domestic credit provided by financial sector recorded in Colombia?
- The lowest recorded value was 37.5% in 2002.
- How does Colombia rank for domestic credit provided by financial sector?
- Colombia ranks 25th out of 65 countries with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Colombia?
- Over the last ten years it is up 7.7%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.