Liquid Liabilities (Broad Money) for Colombia
DDOI07COA648NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128,114.80
Year-over-Year Change
177.63%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Liquid Liabilities (Broad Money) for Colombia' is a key measure of a country's money supply and financial depth. It tracks the total value of liquid assets held by the public, indicating the size and liquidity of the financial system.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Liquid liabilities, also known as broad money, include currency, deposits, and other easily convertible financial instruments. This metric provides insight into the overall monetization of the Colombian economy and the public's access to financial services.
Methodology
The data is compiled by the World Bank from official government sources.
Historical Context
Policymakers use this indicator to monitor financial sector development and the potential for monetary policy transmission.
Key Facts
- Liquid liabilities in Colombia were $452 billion in 2021.
- The ratio of liquid liabilities to GDP was 48.5% in 2021.
- Colombia's liquid liabilities have grown by 7.3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Liquid Liabilities (Broad Money) for Colombia' metric measures the total value of highly liquid financial assets held by the public, including currency, deposits, and other easily convertible instruments.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and liquidity of Colombia's financial system, which is important for assessing financial sector development, the potential for monetary policy transmission, and overall economic stability.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from official government sources in Colombia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the monetization of the Colombian economy and the public's access to financial services, which informs decisions around monetary policy and financial sector regulations.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year, so the most recent values may not reflect the current state of the Colombian financial system.
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Citation
U.S. Federal Reserve, Liquid Liabilities (Broad Money) for Colombia (DDOI07COA648NWDB), retrieved from FRED.