Colombia Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Colombia's domestic credit was 70.43% in 2014, ranked 28th globally. This represents a 1.4% increase from 2013. Data from World Bank, covering 2001–2014.
Overview
Colombia's domestic credit stood at 70.43% in 2014, a rise of +0.96% from 2013. Colombia ranked 28th globally.
Colombia’s domestic credit to the private sector expanded from 38.46 percent of GDP in 2001 to an all‑time peak of 70.43 percent in 2014, placing the country 28th globally in the latest year. The sharp rise after the 2002 trough of 37.52 percent reflects a post‑crisis credit boom supported by higher bank lending, improved risk assessment and widening financial inclusion initiatives. Over the 14‑year coverage period, credit growth outpaced many regional peers; Costa Rica recorded 68.76 percent and Albania 72.81 percent in the same year, indicating that Colombia’s credit depth is comparable to upper‑middle‑income economies. The upward trajectory coincided with robust macro‑stability, declining inflation and expanding export earnings, which together lowered borrowing costs and encouraged private investment. Looking ahead, sustaining this expansion will depend on maintaining financial sector resilience, containing non‑performing loans and ensuring that credit growth translates into productive investment rather than speculative excess.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2014 | 70.43% | +0.96% | #28 |
| 2013 | 69.47% | +0.13% | #29 |
| 2012 | 69.34% | +4.10% | #29 |
| 2011 | 65.24% | −0.86% | #27 |
| 2010 | 66.09% | +3.71% | #26 |
| 2009 | 62.39% | +6.50% | #27 |
| 2008 | 55.89% | +3.00% | #22 |
| 2007 | 52.88% | +0.89% | #17 |
| 2006 | 51.99% | +2.17% | #18 |
| 2005 | 49.82% | +4.59% | #15 |
| 2004 | 45.23% | +4.53% | #14 |
| 2003 | 40.71% | +3.19% | #10 |
| 2002 | 37.52% | −0.94% | #8 |
| 2001 | 38.46% | – | #8 |
Detected Pattern
Analysis
Colombia matched the Stagflation Risk pattern in 2023. Historically, 38% of countries showing this pattern (117 out of 307) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Colombia's domestic credit was 70.43% in 2014. Ranked 28th globally. This represents a 1.4% increase from the previous year.
Colombia's domestic credit peaked at 70.43% in 2014.
The lowest domestic credit in Colombia was 37.52% in 2002.
Colombia ranks 28th globally in domestic credit as of 2014.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
The domestic credit of Colombia in 2014 was 70.43%. This ranks 28th in the world.
Cite this page
@misc{historysaid_colombia_domestic-credit,
title = {Colombia Domestic Credit},
url = {https://historysaid.com/colombia/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}