Formal Borrowing Statistics in Colombia (2026)
In 2024, 12.4% of adults in Colombia borrowed from a formal financial institution, according to World Bank Global Findex data. Down from 18.1% in 2021 to 12.4% in 2024 (−5.7 percentage points). Colombia ranks #15 of 20 economies in Latin America & Caribbean on this measure, and #83 of 142 globally.
Key Statistics
- Latest value (2024)
- 12.4% (2024)
- Formal Borrowing in Colombia as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- −5.7 pp (2024)
- Down from 18.1% in 2021 to 12.4% in 2024 (−5.7 percentage points).
- Earliest value in this dataset (2014)
- 21.7% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 21.7% in 2014 to 12.4% in 2024.
- Peak value (2014)
- 21.7% (2014)
- Highest value in the available series; the 2024 value is 12.4%.
- Rank in Latin America & Caribbean
- #15 of 20 (2024)
- Colombia ranks 15 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #83 of 142 (2024)
- Colombia ranks 83 of 142 countries with data globally.
- Latin America & Caribbean average
- 18.9% (2024)
- Colombia (12.4%) is below the average of 18.9% across the 20 countries in Latin America & Caribbean with data.
- Among women (2024)
- 7.8% (2024)
- Value for women in Colombia, same 2024 World Bank Global Findex data.
- Among men (2024)
- 17.3% (2024)
- Value for men in Colombia, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −9.5 pp (2024)
- In 2024, the figure was 7.8% for women and 17.3% for men — 9.5 percentage points lower among women.
- Among the poorest 40% (2024)
- 5.7% (2024)
- Value for adults in the poorest 40% of households in Colombia in 2024.
- Poorest-40% gap vs national
- −6.6 pp (2024)
- The poorest 40% (5.7%) are 6.6 percentage points below the national figure (12.4%).
- 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, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 12.4% | −5.7 pp |
| 2021 | 18.1% | −3.2 pp |
| 2017 | 21.2% | −0.4 pp |
| 2014 | 21.7% | — |
Frequently asked questions
What share of adults in Colombia borrowed from a formal financial institution?
12.4% of adults in Colombia borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
How recent is the formal borrowing data for Colombia?
The most recent observation is from 2024. World Bank Global Findex data is reported with a lag, so 2024 is the latest available year for Colombia.
Where does the formal borrowing data for Colombia come from?
The data comes from the World Bank Global Findex (indicator fin22a). The latest observation for Colombia is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal borrowing in Colombia changed over time?
World Bank Global Findex data show a decline from 21.7% in 2014 to 12.4% in 2024.
How does Colombia compare with other countries in Latin America & Caribbean?
Colombia ranks 15 of 20 countries in Latin America & Caribbean with data, with 12.4% versus a regional average of 18.9% (latest values per country).
Source & methodology
Source: World Bank Global Findex, indicator
fin22a, 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 .