Colombia: Financial development

* indicates monthly or quarterly data series
 Colombia

Financial development

 Latest value 0.388
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.243
 Min - Max 0.108 - 0.396
 Source International Monetary Fund
For that indicator, we provide data for Colombia from 1980 to 2021. The average value for Colombia during that period was 0.243 index points with a minimum of 0.108 index points in 1987 and a maximum of 0.396 index points in 2020. The latest value from 2021 is 0.388 index points. For comparison, the world average in 2021 based on 178 countries is 0.331 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Colombia - Financial development - Recent values chart

Historical chart
Colombia - Financial development - historical chart - 1980-2021




Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.


 Related indicators Latest value Reference Measure
 Financial development 0.388 2021 index points
 Financial institutions development 0.458 2021 index points
 Financial institutions development, depth 0.361 2021 index points
 Financial institutions development, access 0.326 2021 index points
 Financial institutions development, efficiency 0.595 2021 index points
 Financial markets development 0.302 2021 index points
 Financial markets development, depth 0.233 2021 index points
 Financial markets development, access 0.558 2021 index points
 Financial markets development, efficiency 0.116 2021 index points
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