Colombia - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Colombia was 54.05 as of 2020. Its highest value over the past 60 years was 54.05 in 2020, while its lowest value was 17.55 in 1973.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 20.54
1961 21.76
1962 22.47
1963 21.42
1964 19.05
1965 19.09
1966 18.79
1967 19.56
1968 21.44
1969 22.74
1970 22.80
1971 21.94
1972 19.93
1973 17.55
1974 28.93
1975 28.96
1976 28.04
1977 26.85
1978 27.32
1979 26.67
1980 30.13
1981 32.43
1982 33.76
1983 36.27
1984 36.98
1985 34.76
1987 25.02
1988 22.66
1990 25.89
1991 23.39
1992 25.23
1993 28.66
1994 31.00
1995 33.57
1996 35.22
1997 36.37
1998 34.84
1999 31.30
2000 20.76
2001 21.81
2002 21.43
2003 21.00
2004 22.15
2005 22.70
2006 27.29
2007 30.53
2008 31.31
2009 30.03
2010 32.32
2011 34.93
2012 37.72
2013 39.46
2014 42.36
2015 46.89
2016 47.04
2017 49.79
2018 49.55
2019 51.49
2020 54.05

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets