Colombia | Broad money growth (annual %)
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. 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.
Publisher
The World Bank
Origin
Republic of Colombia
Records
63
Source
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Colombia | Broad money growth (annual %)
1960
23.2345408 1961
19.34382423 1962
15.46212215 1963
17.97026503 1964
14.91324201 1965
14.63879838 1966
19.91681109 1967
16.24465256 1968
21.64810026 1969
15.36731941 1970
10.64847626 1971
26.95596477 1972
31.51203269 1973
45.20850117 1974
34.7965074 1975
40.63207408 1976
35.19803774 1977
26.66683847 1978
24.90122437 1979
48.13947276 1980
38.30375855 1981
25.53382976 1982
29.11102357 1983
23.42326698 1984
23.42857506 1985
1986
1987
14.68988671 1988
1989
1990
32.84109282 1991
39.03227902 1992
39.01003419 1993
45.73487109 1994
28.23285801 1995
21.02796209 1996
23.88114715 1997
11.3581981 1998
11.8974582 1999
3.64844934 2000
19.58573289 2001
4.60750532 2002
10.52539587 2003
19.28877531 2004
17.63347858 2005
17.94958855 2006
17.39225121 2007
18.48197928 2008
8.05588581 2009
11.45766259 2010
18.92381704 2011
16.07160807 2012
13.73479383 2013
9.1908967 2014
11.42099599 2015
7.18656807 2016
6.78977109 2017
5.10717604 2018
8.85165791 2019
12.7083415 2020
11.96036896 2021
10.41393185 2022
Colombia | Broad money growth (annual %)
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. 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.
Publisher
The World Bank
Origin
Republic of Colombia
Records
63
Source
Create chart Download showed records Download Full dataset