Triennial unbanked population share in Colombia 2011-2024, by demographic
According to a three-year survey, the share of Colombian respondents without access to a banking account declined by 11 percentage points between 2017 and 2021. The decline seems especially fueled by the major decline of "unbanked" population - or those who or those who did not access to the services of a bank or another, similar financial organization - among the youngest respondents, as the share of 15-to 24-year-olds respondents declined from 67 percent in 2017 to 55 percent in 2021. The report adds that women in Colombia were more likely than men to be financially excluded from services like ATMs, credit cards, or financial products like insurance or mortgages.