Colombia - Broad money growth (annual %)

The value for Broad money growth (annual %) in Colombia was 12.71 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 48.14 in 1980 and a minimum value of 3.65 in 2000.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1961 23.23
1962 19.34
1963 15.46
1964 17.97
1965 14.91
1966 14.64
1967 19.92
1968 16.24
1969 21.65
1970 15.37
1971 10.65
1972 26.96
1973 31.51
1974 45.21
1975 34.80
1976 40.63
1977 35.20
1978 26.67
1979 24.90
1980 48.14
1981 38.30
1982 25.53
1983 29.11
1984 23.42
1985 23.43
1988 14.69
1991 32.84
1992 39.03
1993 39.01
1994 45.73
1995 28.23
1996 21.03
1997 23.88
1998 11.36
1999 11.90
2000 3.65
2001 19.59
2002 4.61
2003 10.53
2004 19.29
2005 17.63
2006 17.95
2007 17.39
2008 18.48
2009 8.06
2010 11.46
2011 18.92
2012 16.07
2013 13.73
2014 9.19
2015 11.42
2016 7.19
2017 6.79
2018 5.11
2019 8.85
2020 12.71

Limitations and Exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries.

Statistical Concept and Methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)