Domestic credit to private sector in Colombia
Colombia: Domestic credit to private sector was 54.3% in 2020. ▲ Rising
Domestic credit to private sector in Colombia, 1960–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Colombia recorded 54.3% for domestic credit to private sector in 2020. That is the highest value across all 59 years on record.
Compared with earlier readings it is up 5.3% on the previous year and up 67.8% over ten years.
Over the whole period, domestic credit to private sector in Colombia peaked at 54.3% in 2020 and was at its lowest, 19.0%, in 1973.
That places Colombia 81st out of 187 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 59 years of available data.
Domestic credit to private sector in Colombia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 22.9% | — |
| 1961 | 24.3% | +5.8% |
| 1962 | 24.3% | +0.2% |
| 1963 | 22.6% | -7.1% |
| 1964 | 20.5% | -9.2% |
| 1965 | 20.6% | +0.6% |
| 1966 | 21.3% | +3.2% |
| 1967 | 21.6% | +1.3% |
| 1968 | 23.5% | +9.1% |
| 1969 | 25.6% | +8.9% |
| 1970 | 25.8% | +0.7% |
| 1971 | 23.7% | -8.1% |
| 1972 | 21.8% | -8.2% |
| 1973 | 19.0% | -12.6% |
| 1974 | 29.6% | +55.9% |
| 1975 | 29.8% | +0.6% |
| 1976 | 28.6% | -4.0% |
| 1977 | 27.4% | -4.3% |
| 1978 | 27.8% | +1.6% |
| 1979 | 27.2% | -2.2% |
| 1980 | 30.5% | +12.0% |
| 1981 | 32.8% | +7.7% |
| 1982 | 34.2% | +4.1% |
| 1983 | 36.7% | +7.5% |
| 1984 | 37.3% | +1.6% |
| 1985 | 35.6% | -4.5% |
| 1987 | 25.5% | -28.5% |
| 1988 | 23.2% | -8.9% |
| 1990 | 25.9% | +11.6% |
| 1991 | 23.4% | -9.7% |
| 1992 | 25.2% | +7.9% |
| 1993 | 28.7% | +13.6% |
| 1994 | 31.1% | +8.4% |
| 1995 | 33.7% | +8.3% |
| 1996 | 35.3% | +4.9% |
| 1997 | 36.5% | +3.3% |
| 1998 | 35.2% | -3.4% |
| 1999 | 31.7% | -10.1% |
| 2000 | 20.9% | -33.8% |
| 2001 | 21.9% | +4.6% |
| 2002 | 21.5% | -1.7% |
| 2003 | 21.1% | -2.1% |
| 2004 | 22.2% | +5.3% |
| 2005 | 22.8% | +2.5% |
| 2006 | 27.3% | +20.1% |
| 2007 | 30.6% | +11.8% |
| 2008 | 31.3% | +2.5% |
| 2009 | 30.1% | -4.1% |
| 2010 | 32.4% | +7.6% |
| 2011 | 35.0% | +8.1% |
| 2012 | 37.7% | +8.0% |
| 2013 | 39.5% | +4.6% |
| 2014 | 42.4% | +7.3% |
| 2015 | 46.9% | +10.7% |
| 2016 | 47.1% | +0.3% |
| 2017 | 49.8% | +5.8% |
| 2018 | 49.6% | -0.5% |
| 2019 | 51.6% | +4.0% |
| 2020 | 54.3% | +5.3% |
Colombia compared with similar countries
- Colombia's 54.3% is above the median for upper middle income countries, which is 52.0%, 1.0× the median. (55 countries reporting)
- Colombia's 54.3% is above the median for Latin America & Caribbean, which is 54.3%, 1.0× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector in Colombia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +55.9% | 19.0% | 29.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 22.7% | 20.5% | 25.6% | 10 |
| 1970s | 26.1% | 19.0% | 29.8% | 10 |
| 1980s | 32.0% | 23.2% | 37.3% | 8 |
| 1990s | 30.7% | 23.4% | 36.5% | 10 |
| 2000s | 25.0% | 20.9% | 31.3% | 10 |
| 2010s | 43.2% | 32.4% | 51.6% | 10 |
| 2020s | 54.3% | 54.3% | 54.3% | 1 |
Countries ranked near Colombia
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 to private sector in Colombia?
- Domestic credit to private sector in Colombia was 54.3% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Colombia?
- The highest recorded value was 54.3% in 2020.
- What is the lowest domestic credit to private sector recorded in Colombia?
- The lowest recorded value was 19.0% in 1973.
- How does Colombia rank for domestic credit to private sector?
- Colombia ranks 81st out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Colombia?
- Over the last ten years it is up 67.8%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.