Starting a business - Score in Colombia

Colombia: Starting a business - Score was 87.03 in 2019. β–² Rising

Latest (2019)
87.03
Change on year
up 2.0%
World rank
94th
of 188 countries
All-time high
87.03
in 2019
All-time low
60.57
in 2003
Years of data
17
2003–2019

Starting a business - Score in Colombia, 2003–2019

0204060802003201120192003: 60.62004: 70.52005: 70.62006: 69.52007: 71.32008: 76.22009: 81.92010: 83.82011: 84.62012: 84.42013: 84.42014: 84.42015: 83.62016: 85.32017: 85.32018: 85.32019: 87

Source: World Bank.

Analysis

The most recent figure for starting a business - score in Colombia is 87.03, measured in 2019. That is the highest value across all 17 years on record.

Compared with earlier readings it is up 2.0% on the previous year and up 6.2% over ten years.

Over the whole period, starting a business - score in Colombia peaked at 87.03 in 2019 and was at its lowest, 60.57, in 2003.

Colombia ranks 94th of 188 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 71.52 60.57 81.95 7
2010s 84.81 83.55 87.03 10

Countries ranked near Colombia

  1. 91 San Marino 87.31 compare
  2. 92 Saint Vincent and the Grenadines 87.05 compare
  3. 93 Bahamas 87.03 compare
  4. 95 Gabon 86.97 compare
  5. 96 Spain 86.95 compare
  6. 97 Italy 86.81 compare

See the full ranking of 190 places β†’

More private sector data for Colombia

All data for Colombia β†’

Frequently asked questions

What is starting a business - score in Colombia?
Starting a business - score in Colombia was 87.03 in 2019, according to the World Bank.
What is the highest starting a business - score recorded in Colombia?
The highest recorded value was 87.03 in 2019.
What is the lowest starting a business - score recorded in Colombia?
The lowest recorded value was 60.57 in 2003.
How does Colombia rank for starting a business - score?
Colombia ranks 94th out of 188 countries with data for 2019.
Is starting a business - score rising or falling in Colombia?
Over the last ten years it is up 6.2%. The long-run trend across the full record is rising.
Where does this Colombia data come from?
The figures come from the World Bank, published as part of Starting a business - Score. Statizoid updates them automatically from the source API.

Download this data

CSV Β· JSON β€” 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Starting a business - Score
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

The score for starting a business is the simple average of the scores for each of the component indicators: the procedures, time and cost for an entrepreneur to start and formally operate a business, as well as the paid-in minimum capital requirement.