Colombia: Financial institutions development

The latest value from 2021 is 0.458 index points, a decline from 0.472 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Colombia from 1980 to 2021 is 0.282 index points. The minimum value, 0.146 index points, was reached in 1987 while the maximum of 0.472 index points was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.