Financial Development Index in Colombia
Colombia: Financial Development Index was 0.3943 in 2020. ▲ Rising
Financial Development Index in Colombia, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Colombia stood at 0.3943. That is the highest value across all 41 years on record.
That represents a change of up 1.6% on the previous year and up 15.7% over ten years.
Over the whole period, financial development index in Colombia peaked at 0.3943 in 2020 and was at its lowest, 0.1074, in 1987.
Colombia ranks 55th of 183 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Development Index in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1142 | — |
| 1981 | 0.1178 | +3.2% |
| 1982 | 0.1196 | +1.5% |
| 1983 | 0.128 | +7.0% |
| 1984 | 0.1308 | +2.2% |
| 1985 | 0.1248 | -4.6% |
| 1986 | 0.1249 | +0.0% |
| 1987 | 0.1074 | -14.0% |
| 1988 | 0.1091 | +1.6% |
| 1989 | 0.123 | +12.7% |
| 1990 | 0.1312 | +6.7% |
| 1991 | 0.1289 | -1.7% |
| 1992 | 0.1144 | -11.2% |
| 1993 | 0.1224 | +7.0% |
| 1994 | 0.1388 | +13.4% |
| 1995 | 0.1508 | +8.7% |
| 1996 | 0.1566 | +3.8% |
| 1997 | 0.1929 | +23.2% |
| 1998 | 0.212 | +9.9% |
| 1999 | 0.2396 | +13.0% |
| 2000 | 0.2421 | +1.0% |
| 2001 | 0.2566 | +6.0% |
| 2002 | 0.2702 | +5.3% |
| 2003 | 0.2909 | +7.7% |
| 2004 | 0.2874 | -1.2% |
| 2005 | 0.2832 | -1.5% |
| 2006 | 0.3071 | +8.5% |
| 2007 | 0.2998 | -2.4% |
| 2008 | 0.3393 | +13.1% |
| 2009 | 0.3549 | +4.6% |
| 2010 | 0.3409 | -3.9% |
| 2011 | 0.3443 | +1.0% |
| 2012 | 0.3684 | +7.0% |
| 2013 | 0.3656 | -0.8% |
| 2014 | 0.368 | +0.7% |
| 2015 | 0.376 | +2.2% |
| 2016 | 0.3818 | +1.5% |
| 2017 | 0.3823 | +0.1% |
| 2018 | 0.3874 | +1.3% |
| 2019 | 0.3881 | +0.2% |
| 2020 | 0.3943 | +1.6% |
Colombia compared with similar countries
- Colombia's 0.3943 is above the median for upper middle income countries, which is 0.2539, 1.6× the median. (54 countries reporting)
- Colombia's 0.3943 is above the median for Latin America & Caribbean, which is 0.2814, 1.4× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.12 | 0.1074 | 0.1308 | 10 |
| 1990s | 0.1588 | 0.1144 | 0.2396 | 10 |
| 2000s | 0.2931 | 0.2421 | 0.3549 | 10 |
| 2010s | 0.3703 | 0.3409 | 0.3881 | 10 |
| 2020s | 0.3943 | 0.3943 | 0.3943 | 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 financial development index in Colombia?
- Financial development index in Colombia was 0.3943 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Colombia?
- The highest recorded value was 0.3943 in 2020.
- What is the lowest financial development index recorded in Colombia?
- The lowest recorded value was 0.1074 in 1987.
- How does Colombia rank for financial development index?
- Colombia ranks 55th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Colombia?
- Over the last ten years it is up 15.7%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.