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Colombia Private Credit (% GDP)

Colombia's private credit (% GDP) fell to 39.56% in 2024, down from 41.66% in 2023, according to World Bank. This represents a decrease of 2.1% from the previous year. Colombia has private credit (% GDP) higher than the global median (39.56% vs median 39.47%). Compared with the median in Americas, Colombia is lower (39.56% vs regional median 48.39%) and ranks 19th out of 32 countries in Americas.

Yearly Historical Data (1960-2024)

(in %)
Year Private Credit (% GDP)
2024 39.56%
2023 41.66%
2022 44.19%
2021 47.91%
2020 52%
2019 46.04%
2018 45.87%
2017 49.81%
2016 47.05%
2015 46.91%
2014 42.38%
2013 39.48%
2012 37.74%
2011 34.96%
2010 32.35%
2009 30.06%
2008 31.34%
2007 30.57%
2006 27.33%
2005 22.75%
2004 22.2%
2003 21.08%
2002 21.52%
2001 21.91%
2000 20.95%
1999 31.65%
1998 35.22%
1997 36.48%
1996 35.32%
1995 33.66%
1994 31.07%
1993 28.67%
1992 25.24%
1991 23.4%
1990 25.91%
1988 23.22%
1987 25.49%
1985 35.63%
1984 37.32%
1983 36.73%
1982 34.17%
1981 32.82%
1980 30.46%
1979 27.2%
1978 27.81%
1977 27.36%
1976 28.59%
1975 29.79%
1974 29.62%
1973 19%
1972 21.75%
1971 23.7%
1970 25.8%
1969 25.61%
1968 23.53%
1967 21.57%
1966 21.29%
1965 20.64%
1964 20.52%
1963 22.59%
1962 24.33%
1961 24.27%
1960 22.95%
Colombia Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Colombia.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -1.8% -2.2% Dec'24
Debt to GDP Ratio 61.3% 55.5% Dec'24
Interest Rate 9.25% 9.25% Sep'25