Colombia: Small firms with bank credit

* indicates monthly or quarterly data series

Small firms with bank credit, percent of all small firms

 Latest value 50.30
 Year 2017
 Measure percent
 Data availability 2006 - 2017
 Average 47.37
 Min - Max 41.20 - 50.60
 Source The World Bank
For that indicator, we provide data for Colombia from 2006 to 2017. The average value for Colombia during that period was 47.37 percent with a minimum of 41.2 percent in 2006 and a maximum of 50.6 percent in 2010. The latest value from 2017 is 50.3 percent. For comparison, the world average in 2017 based on 11 countries is 37.88 percent. 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 - Small firms with bank credit - Recent values chart

Definition: Percentage of small firms (5-19 workers) in the formal sector with a line of credit or a loan from a (formal) financial institution, such as a bank, credit union, microfinance institution, or cooperative.

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Types of financial institutions

Financial development and economic development

 Related indicators Latest value Reference Measure
 ATMs per 100,000 adults 40.02 2021 ATMs per 100,000 adults
 Bank accounts per 1000 adults 1,596.10 2021 bank accounts
 Bank branches per 100,000 people 12.78 2021 bank branches
 Firms using credit to finance investment 53.60 2017 percent
 Small firms with bank credit 50.30 2017 percent
 Percent people with credit cards 13.20 2021 percent
 Percent people with debit cards 28.94 2021 percent
 Domestic credit to the private sector 54.29 2020 percent
 Bank credit to the private sector 44.16 2022 percent
 Liquid liabilities, percent of GDP 55.21 2021 percent
 Bank assets to GDP 60.10 2021 percent
 Financial system deposits, percent of GDP 31.01 2021 percent
 Bank credit to government 10.30 2020 percent
 Banking system concentration 73.77 2021 percent
 Foreign bank assets 15.00 2013 percent of total bank assets
 Percent people with bank accounts 55.94 2021 percent
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