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Business Climate in Colombia and Bogota

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Business Climate in Colombia

Colombia: One of the Best Business Environments in Latin America and one of the most competitive countries in the region.

In the past decade, Colombia has single-mindedly focused on improving its 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 and stable place to operate.

 

A Business-Friendly and Stable Economy

According to the World Bank’s 2017 Doing Business survey, Colombia has the second business environment in Latin America, after Mexico.

Ease of doing business in Colombia (2017)

 

Booming Investment

Thanks to this stable, investor-friendly environment, FDI inflows has soared in the past few years. In 2016 the FDI inflows were US$ 13.59 billion.

 

In fact, according to investment trends, Colombia is one of the largest recipients of FDI in Latin America, which sets it as one of the best countries for investment in Latin America.

 

 

Growing Foreign Trade

Thanks to trade liberalization measures, Colombia’s foreign trade has quintupled in the past ten years, reaching US$75 billion in 2016.

 

Colombia's foreign trade (2008-2016)

Business Climate in Bogota

Bogota is one of the most competitive cities in Latin America, with an excellent business climate.

Bogota is ranked as one of Latin America’s leading business centers – along with Miami, Santiago, Mexico City and Sao Paulo. According to the latest annual América Economía ranking in 2016, Bogota is the fifth best city to do business in Latin America.

 

Best cities in latin america to do business (2010-2016)

 
Significant Foreign Direct Investment

In the past 10 years Bogota has received US$18,369 millions in foreign direct investment, mainly in financial services (14%) and communicatios sectors (14%).  

 

 

Between 2006 and 2016 United States, Spain, France, Chile and Portugal were the principal source markets of the foreign direct investment in Bogota.

 

Foreign direct investment in Bogota by country of origin  (2006-2016)

 

As one of the major business cities in Latin America, Bogota has a great opportunities to invest. Today, there are more than 1,500 Multinational Corporations (MNCs) in the city.

 

Learn more of the operating environment in Bogota

 

Updated (mm/dd/yyyy): 07.06.2017