Date

12 de April 2013

Bogota, ranked first city in Colombia and ninth from among 49 cities in the continent, for its doing business environment: fDi Magazine

Cities of the Future
  • fDi Magazine, part of the Financial Times Group, recently published the latest edition of its Ranking of American Cities of the Future.
  • Bogota was ranked fifth in this ranking, after Sao Paulo, Santiago, Rio de Janeiro and Buenos Aires, above important cities in the region such as San Jose, Mexico City and Panama City.
  • The capital of Colombia is listed among the ten most important cities in the continent in terms of economic potential, and was scored as ninth in environment suitable for doing business.
  • The outcome from this ranking shows how much Bogota has moved forward in the last eight years, consolidating its position as one of the most dynamic cities, with the greatest potential to attract investment towards the region.
Bogota, ranked first city in Colombia and ninth from among 49 cities in the continent, for its doing business environment: fDi Magazine

Juan Gabriel Perez, Executive Director of Invest in Bogota, stated: "the Colombian capital was ranked above important cities in the region such as San Jose, Mexico City and Panama City. The outcome from this ranking shows how much Bogota has moved forward in the last eight years, consolidating its position as one of the most dynamic cities, with the greatest potential to attract investment towards the region. It also proves that Latin America will continue to be, in the mid-term, one of the most dynamic and attractive regions in the world". 

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Source: American Cities of the Future, 2013/14, fDi Magazine.

 

 

Bogota's strength

Perez continues: "Bogota is now part of the select group of the ten most important cities in the continent, according to economic potential -that is: population, GDP, investment flows, inflation, unemployment rate and competitiveness. This is a recognition that Bogota shares with cities as important as Sao Paulo, New York, San Francisco and Toronto".

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Source: American Cities of the Future, FDI Magazine, 2013/14.
*Compared against the main 49 economies in the continent.

 

"The doing business chapter of the ranking, analyzes aspects such as: economic independence, free trade agreements, investor protection, technology based companies and services for companies, among others. Santiago de Chile is the only city in Latin America that is above Bogota in that category".

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Source: American Cities of the Future, FDI Magazine, 2013/14.
*Compared against the main 49 economies in the continent.

 

 

Methodology used for the fDi Intelligence ranking

The methodology used for this ranking involved collecting data from 422 cities in the continent 120 of them were Latin American cities), covering 70 variables grouped into five categories: (i) economic potential, (ii) human resources, (iii) cost efficiency, (iv) infrastructure, (v) ease to do business and (vi) strategy to attract investments. The previous edition of the ranking assessed 108 cities; this year 120 Latin American cities were included in the analysis.