Business Bank Credit Access Statistics in Colombia (2026)
According to World Bank World Development Indicators data, 49.1% of firms in Colombia had a bank loan or line of credit in 2023. Down from 62.4% in 2017 to 49.1% in 2023 (−13.4 percentage points). Colombia ranks #9 of 14 economies in Latin America & Caribbean on this measure, and #32 of 145 globally.
Key Statistics
- Latest value (2023)
- 49.1% (2023)
- Business Bank Credit Access in Colombia as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2017
- −13.4 pp (2023)
- Down from 62.4% in 2017 to 49.1% in 2023 (−13.4 percentage points).
- Earliest value in this dataset (2006)
- 52.3% (2006)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 52.3% in 2006 to 49.1% in 2023.
- Peak value (2017)
- 62.4% (2017)
- Highest value in the available series; the 2023 value is 49.1%.
- Rank in Latin America & Caribbean
- #9 of 14 (2023)
- Colombia ranks 9 of 14 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #32 of 145 (2023)
- Colombia ranks 32 of 145 countries with data globally.
- Latin America & Caribbean average
- 50.8% (2023)
- Colombia (49.1%) is below the average of 50.8% across the 14 countries in Latin America & Caribbean with data.
- Firms using banks to finance working capital (% of firms) (2023)
- 33.4% (2023)
- Related indicator from World Bank World Development Indicators.
- Firms using banks to finance investment (% of firms) (2023)
- 38.5% (2023)
- Related indicator from World Bank World Development Indicators.
- Internet use in Colombia (2024)
- 79.3% (2024)
- 79.3% of the population in Colombia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 52.9 million (2024)
- Colombia had a population of 52.9 million in 2024 (World Bank); shown for scale only.
Trend, 2006–2023
| Year | % of firms | Change |
|---|---|---|
| 2023 | 49.1% | −13.4 pp |
| 2017 | 62.4% | +5.2 pp |
| 2010 | 57.2% | +4.8 pp |
| 2006 | 52.3% | — |
Frequently asked questions
What share of firms in Colombia had a bank loan or line of credit?
49.1% of firms in Colombia had a bank loan or line of credit in 2023, according to World Bank World Development Indicators data.
How does Colombia compare with other countries in Latin America & Caribbean?
Colombia ranks 9 of 14 countries in Latin America & Caribbean with data, with 49.1% versus a regional average of 50.8% (latest values per country).
Where does Colombia rank globally on business bank credit access?
Colombia ranks 32 of 145 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did business bank credit access in Colombia peak?
The highest value in the available series was 62.4% in 2017; the latest (2023) value is 49.1%.
How recent is the business bank credit access data for Colombia?
The most recent observation is from 2023. World Bank World Development Indicators data is reported with a lag, so 2023 is the latest available year for Colombia.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BNKL.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .