Business Climate in Colombia and Bogota-Region
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 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.
A Business-Friendly and Stable Economy
According to the World Bank’s 2019 Doing Business survey, Colombia has the third business environment in Latin America, after Mexico and Chile.
Ease of Doing Business (2019)
Economies are ranked on their ease of doing business, from 1-190. A high ranking on the ease of doing business index means the regulatory environment is conducive to the operation of a business.
Thanks to this stable, investor-friendly environment, FDI inflows have soared in the past few years. In 2018 the FDI inflows were US$ 11.010 billion.
FDI Inflows to Colombia (2008 - 2018)Source: Central Bank, Balance of Payments.
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.
FDI in Latin America (2016 - 2017)
Source:CEPAL; Central Bank, Balance of Payments.
Growing Foreign Trade
Thanks to trade liberalization measures, Colombia’s foreign trade reached US$93 billion in 2018.
Colombia's Foreign Trade (2005 - 2018)
Source: DANE, Trade Balance.
Bogota: One of the most competitive cities with an excellent Climate to Do Business in Latin America.
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
Between 2008 to 2018 Bogota has received approximately US$26,779 billion in foreign direct investment. The number of investment projects was mainly in Business Services (14%) and Software & IT Services (13%).
FDI* in Bogota by economic sector (2008 - 2018)
Process: Invest in Bogota based on information from fDi Markets, ProColombia, Invest in Bogota and company websites. * Greenfield investment and expansion.
Between 2008 to 2018 United States, Spain, France, UK, Chile, and Argentina were the principal source markets of the foreign direct investment in Bogota.
FDI in Bogota by Country of Origin (2008 - 2018)
Process: Invest in Bogota based on information from fDi Markets, ProColombia, Invest in Bogota and company websites. *Greenfield investment and expansion.
As one of the major business cities in Latin America, Bogota has great opportunities to invest. Today, there are more than 1,500 foreign capital companies in the city.
Foreign Capital Companies in Bogota (2002 - 2018)
Source: Chamber of Commerce of Bogota, Department of Studies and Research based on information from Merchandise Register
Direct Air Connections from Bogota
Updated (mm/dd/yyyy): 26.11.2018