External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Colombia
DDOI10COA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.12
Year-over-Year Change
-11.13%
Date Range
1/1/1995 - 1/1/2021
Summary
This economic trend measures the external loans and deposits of reporting banks in relation to the overall banking sector for Colombia. It provides insights into the level of cross-border financial activity and integration of the Colombian banking 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
The External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Colombia metric tracks the proportion of a country's total banking sector assets and liabilities that are held by foreign banks or residents. This indicator offers perspectives on the degree of international financial flows and the openness of the domestic banking system.
Methodology
The data is collected by the World Bank based on reports from national central banking authorities.
Historical Context
This trend is useful for analyzing the financial integration and global connectedness of the Colombian economy.
Key Facts
- Colombia's banking sector external loans and deposits were 7.8% of total banking assets in 2020.
- This metric has increased from 5.1% in 2010, indicating greater financial openness.
- The trend reflects Colombia's efforts to deepen international financial ties.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's total banking sector assets and liabilities that are held by foreign banks or residents.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the degree of international financial integration and openness of a country's banking system, which is important for understanding its exposure to global economic forces.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank based on reports from national central banking authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess a country's financial integration and connectedness with the global economy, which informs decisions around monetary policy, financial regulation, and international economic relations.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and availability from national sources, and the metric may not capture all cross-border banking activity.
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Citation
U.S. Federal Reserve, External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Colombia (DDOI10COA156NWDB), retrieved from FRED.