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

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. Colombia is seen by investors as a dependable, stable place to operate.

Booming Investment

Over the last decade, Colombia has worked to improve its investment climate. As a result, Foreign Direct Investment (FDI) in the country has boomed. Colombia is seen by investors as a reliable and stable place in which to invest and operate.

Thanks to the stable and investor-friendly business climate, investment inflows hit a peak in 2013 with more than USD 16 billion of FDI. In 2021, foreign investment was USD 9.402 billion. This figure presented a 26% increase between 2020 and 2021 and a 67% recovery rate compared to 2019.

Source: Colombia’s Central Bank, Balance of payments.

In fact, according to investment trends, Colombia was the fourth country in the region with the highest FDI flows in 2021, which sets it as one of the best countries to invest in the region after Brazil, Mexico, and Chile. 

Source: UNCTAD, World Investment Report 2022

Growing International Trade

Thanks to trade liberalization measures, Colombia’s international trade reached USD 102 billion in 2021. During 2021, trade in the country increased 37% and reached levels higher than those of 2019, evidencing Colombia’s rapid economic recovery after Covid-19.  

Business Climate in Bogota Region

Bogota Region: One of the most competitive Cities with an excellent Climate to Do Business in Latin America

Bogota is ranked as one of the cities of the future. Bogota has the second place of the ranking of Latin America’s cities of the future – fDi Magazine 2021 – 2022).

Bogotá has been classified as one of the cities with the best strategy for attracting foreign direct investment. Bogotá ranks eighth in the ranking of cities of the future of America by fDi Magazine (2021 – 2022).

Significant Foreign Direct Investment

The inflow of new and expansion Foreign Direct Investment (FDI) had a significant rebound in Bogota Region in 2021 by reaching USD 1,551 million, equivalent to a growth of 78.4% compared to what was recorded in 2020.

Process: Invest in Bogota base on information of fDi Markets, Orbis Crossborder, Procolombia, Invest in Bogota, and corporative websites. 
*Greenfield investment expansion. 

Between 2010 to 2021, Bogota-Region has received approximately USD 22,160 million in Foreign Direct Investment Greenfield. Investment projects were mainly targeted to the Corporate Services (18%), Software and IT Services (15%), Consumer Products (8%) and Textiles (8%) sectors.

Process: Invest in Bogota base on information of fDi Markets, Orbis Crossborder, Procolombia, Invest in Bogota, and corporative websites. 
*Greenfield investment expansion. 

Between 2010 and 2021, United States, Spain, France, United Kingdom, and Argentina were the five main source markets of foreign direct investment in Bogota Region. 

Process: Invest in Bogota base on information of fDi Markets, Orbis Crossborder, Procolombia, Invest in Bogota, and corporative websites. 

*Corresponds to new (greenfield) and expansion investment. Figures for 2021 presented in this report are preliminary and are subject to update based on the information recorded in the sources.

As one of the major business cities in Latin America, Bogota has great opportunities to invest. Today, there approximately 1,300 foreign capital companies in the city.

Source: Chamber of commerce of Bogota, Department of Studies and Research based on information from the commercial registry.

Updated (mm/dd/yyyy): 01.12.2022