Colombia: Financial freedom

* indicates monthly or quarterly data series
 Colombia

Financial freedom index (0-100)

 Latest value 70
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 68
 Min - Max 60 - 70
 Source The Heritage Foundation
The latest value from 2024 is 70 points, unchanged from 70 points in 2023. In comparison, the world average is 49 points, based on data from 175 countries. Historically, the average for Colombia from 1995 to 2024 is 68 points. The minimum value, 60 points, was reached in 2007 while the maximum of 70 points was recorded in 1995. 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 data
Colombia - Financial freedom - Recent values chart

Historical series
Colombia - Financial freedom - historical chart - 1995-2024




The Financial Freedom index for Colombia from The Heritage Foundation measures the efficiency of the banking system and the interventions of the government into the financial system. A higher score means more efficient banking institutions and less government intervention.
Definition: The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.

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 Related indicators Latest Reference Measure
 Property rights 45 2024 points
 Freedom from corruption 38 2024 points
 Fiscal freedom 20 2024 points
 Business freedom 69 2024 points
 Labor freedom 62 2024 points
 Monetary freedom 72.30 2024 points
 Trade freedom 73 2024 points
 Investment freedom 70 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 59 2024 index points
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