Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Colombia
DDOI09COA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.88
Year-over-Year Change
139.75%
Date Range
1/1/1973 - 1/1/2021
Summary
This trend measures the ratio of loans from non-resident banks to Colombia's GDP, providing insights into the country's external debt levels and financial integration.
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
The 'Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Colombia' metric represents the total loans extended by foreign banks to Colombian entities as a percentage of the country's gross domestic product. This indicator is used to assess Colombia's level of financial integration with global markets and its reliance on external debt.
Methodology
The data is collected and calculated by the World Bank based on reports from national central banks and other financial authorities.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to gauge Colombia's economic stability and creditworthiness.
Key Facts
- Colombia's external debt as a share of GDP was 25.6% in 2021.
- Loans from non-resident banks accounted for 9.4% of Colombia's GDP in 2021.
- The ratio of non-resident bank loans to GDP has remained relatively stable in Colombia over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of loans from non-resident banks to Colombia's gross domestic product, providing insights into the country's external debt levels and financial integration with global markets.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers, investors, and analysts to gauge Colombia's economic stability, creditworthiness, and reliance on external debt financing.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reports from Colombia's central bank and other financial authorities.
Q: How is this trend used in economic policy?
A: Policymakers in Colombia and international institutions use this trend to assess the country's financial integration, external vulnerabilities, and the sustainability of its debt levels.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Colombia (DDOI09COA156NWDB), retrieved from FRED.