Total factoring volume to GDP (%) in Colombia
Colombia: Total factoring volume to GDP (%) was 2.5% in 2020. ▲ Rising
Total factoring volume to GDP in Colombia, 2007–2020
Source: Factors Chain International. Measured in %.
Analysis
The most recent figure for total factoring volume to gdp in Colombia is 2.5%, measured in 2020.
That represents a change of down 6.2% on the previous year and up 94.5% over ten years.
Over the whole period, total factoring volume to gdp in Colombia peaked at 3.8% in 2015 and was at its lowest, 1.3%, in 2008.
That places Colombia 37th out of 73 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Total factoring volume to GDP (%) in Colombia, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 1.3% | — |
| 2008 | 1.3% | -5.9% |
| 2009 | 1.4% | +12.7% |
| 2010 | 1.3% | -9.6% |
| 2011 | 2.1% | +61.0% |
| 2012 | 1.6% | -21.5% |
| 2013 | 2.6% | +57.2% |
| 2014 | 2.9% | +12.1% |
| 2015 | 3.8% | +33.9% |
| 2016 | 2.8% | -25.8% |
| 2017 | 2.9% | +3.5% |
| 2018 | 2.4% | -16.9% |
| 2019 | 2.7% | +8.8% |
| 2020 | 2.5% | -6.2% |
Colombia compared with similar countries
- Colombia's 2.5% is above the median for upper middle income countries, which is 1.6%, 1.6× the median. (21 countries reporting)
- Colombia's 2.5% is above the median for Latin America & Caribbean, which is 1.6%, 1.5× the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.3% | 1.3% | 1.4% | 3 |
| 2010s | 2.5% | 1.3% | 3.8% | 10 |
| 2020s | 2.5% | 2.5% | 2.5% | 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 total factoring volume to gdp in Colombia?
- Total factoring volume to gdp in Colombia was 2.5% in 2020, according to Factors Chain International.
- What is the highest total factoring volume to gdp recorded in Colombia?
- The highest recorded value was 3.8% in 2015.
- What is the lowest total factoring volume to gdp recorded in Colombia?
- The lowest recorded value was 1.3% in 2008.
- How does Colombia rank for total factoring volume to gdp?
- Colombia ranks 37th out of 73 countries with data for 2020.
- Is total factoring volume to gdp rising or falling in Colombia?
- Over the last ten years it is up 94.5%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Factors Chain International, published as part of Total factoring volume to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
GDP data provided by IFS and converted into USD using IFS exchange rates.