Colombia: Financial institutions development, depth

* indicates monthly or quarterly data series
 Colombia

Financial institutions development, depth

 Latest value 0.361
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.191
 Min - Max 0.090 - 0.402
 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 0.191 index points with a minimum of 0.09 index points in 1988 and a maximum of 0.402 index points in 2020. The latest value from 2021 is 0.361 index points. For comparison, the world average in 2021 based on 175 countries is 0.291 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 institutions development, depth - Recent values chart

Historical chart
Colombia - Financial institutions development, depth - historical chart - 1980-2021




Definition: Measures the development of financial institutions in terms of depth. Constructed as a principal component of the following variables: Private-sector credit to GDP; Pension fund assets to GDP; Mutual fund assets to GDP; and Insurance premiums, life and non-life, to GDP. See 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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