Business Working Capital Financing Statistics in Colombia (2026)
33.4% of firms in Colombia used banks to finance working capital in 2023, World Bank World Development Indicators data show. Down from 52.7% in 2017 to 33.4% in 2023 (−19.2 percentage points). Colombia ranks #9 of 14 economies in Latin America & Caribbean on this measure, and #43 of 145 globally.
Key Statistics
- Latest value (2023)
- 33.4% (2023)
- Business Working Capital Financing in Colombia as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2017
- −19.2 pp (2023)
- Down from 52.7% in 2017 to 33.4% in 2023 (−19.2 percentage points).
- Earliest value in this dataset (2006)
- 55.7% (2006)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 55.7% in 2006 to 33.4% in 2023.
- Peak value (2006)
- 55.7% (2006)
- Highest value in the available series; the 2023 value is 33.4%.
- 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
- #43 of 145 (2023)
- Colombia ranks 43 of 145 countries with data globally.
- Latin America & Caribbean average
- 35.9% (2023)
- Colombia (33.4%) is below the average of 35.9% across the 14 countries in Latin America & Caribbean with data.
- Firms with a bank loan/line of credit (% of firms) (2023)
- 49.1% (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 | 33.4% | −19.2 pp |
| 2017 | 52.7% | +3.5 pp |
| 2010 | 49.2% | −6.5 pp |
| 2006 | 55.7% | — |
Frequently asked questions
What share of firms in Colombia used banks to finance working capital?
33.4% of firms in Colombia used banks to finance working capital in 2023, according to World Bank World Development Indicators data.
How has business working capital financing in Colombia changed over time?
World Bank World Development Indicators data show a decline from 55.7% in 2006 to 33.4% in 2023.
How does Colombia compare with other countries in Latin America & Caribbean?
Colombia ranks 9 of 14 countries in Latin America & Caribbean with data, with 33.4% versus a regional average of 35.9% (latest values per country).
Where does Colombia rank globally on business working capital financing?
Colombia ranks 43 of 145 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BKWC.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 .