Business Climate in Colombia
Colombia: One of the Best Business Environments in Latin America
In the past decade, Colombia has single-mindedly focused on improving the business climate. As a result, inward foreign direct investment (FDI) has been soaring. In these uncertain times, Colombia is seen by investors as a dependable, stable place to operate.
A Business-Friendly and Stable Economy
According to the World Bank’s 2010 Doing Business survey, Colombia has the second best business environment in Latin America, after Puerto Rico and above Chile. For three straight years, the country has been Doing Business’ top reformer in Latin America and one of the top 10 reformers in the world.
Ease of Doing Business in Latin America (2010)
Source: World Bank, Doing Business Survey 2010
Source: World Bank, Doing Business Survey 2010
Colombia has a track record of prudent macroeconomic management. According to the World Competitiveness Report, Colombia has the strongest track record in Latin America of political and government direction consistency.
Government Policy Direction Index* (2008)
* Executive opinion survey based on an index from 0 to 10, where 10 is the highest score. The index indicates how consistent is government policy
Source: IMD, World Competitiveness Yearbook 2008
* Executive opinion survey based on an index from 0 to 10, where 10 is the highest score. The index indicates how consistent is government policy
Source: IMD, World Competitiveness Yearbook 2008
Booming Investment
Thanks to this stable, investor-friendly environment, FDI has soared in the past few years, reaching US$8.6 billion in 2009.
FDI to Colombia (2000-2009)
Source: Central Bank of Colombia, Balance of Payments
Source: Central Bank of Colombia, Balance of Payments
In fact, between 2007 and 2009, Colombia was the fourth largest recipient of FDI in Latin America.
FDI in Latin America (2007-2009)
Source: UNCTAD, Foreign Direct Investment Database
Source: UNCTAD, Foreign Direct Investment Database
Growing Foreign Trade
Thanks to trade liberalization measures, Colombia’s foreign trade has tripled in the past seven years, reaching US$64 billion in 2009.
Colombia’s Foreign Trade (2002-2009)
Source: DIAN, International Trade Database; DANE, Colombian Foreign Trade Statistics
Source: DIAN, International Trade Database; DANE, Colombian Foreign Trade Statistics
Updated (mm/dd/yyyy): 06.25.2010
Copyright © 2007, Todos los Derechos Reservados / All Rights Reserved Aviso legal/Disclaimer