Colombia

Ease of Doing Business in

Colombia

This page summarizes Doing Business 2013 data for Colombia. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Latin America & Caribbean
Income Category Upper middle income
Population 46,927,125
GNI Per Capita (US$) 6,110
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
45 44 down -1

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
70.2 70.2 0.0
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 61 65 up 4
Dealing with Construction Permits 27 26 up -1
Getting Electricity 134 129 up -5
Registering Property 52 53 up 1
Getting Credit 70 67 up -3
Protecting Investors 6 6 No change
Paying Taxes 99 99 No change
Trading Across Borders 91 91 No change
Enforcing Contracts 154 151 up -3
Resolving Insolvency 21 19 up -2

Economy Profile

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Subnational Data


Enforcing Contracts

Info

The ease or difficulty of enforcing commercial contracts is measured below. This is determined by following the evolution of a payment dispute and tracking the time, cost, and number of procedures involved from the moment a plaintiff files the lawsuit until actual payment.

DB 2013 Rank 154 DB 2012 Rank 151 Change in Rank down-3
DB 2013 DTF** (% points) 33.3 DB 2012 DTF** (% points) 33.3 Improvement in DTF** (% points) 0.0
Indicator Colombia Latin America & Caribbean OECD

The time to resolve a dispute, counted from the moment the plaintiff files the lawsuit in court until payment. This includes both the days when actions take place and the waiting periods between.

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Time (days)
1,346 727 510

The cost in court fees and attorney fees, where the use of attorneys is mandatory or common, expressed as a percentage of the debt value.

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Cost (% of claim)
47.9 30.8 20.1

The average number of procedures to enforce a contract. The list of procedural steps compiled for each economy traces the chronology of a commercial dispute before the relevant court.

View methodology
Procedures (number)
34 40 31
Indicator
Time (days) 1,346
Filing and service 68
Trial and judgment 913
Enforcement of judgment 365
Cost (% of claim) 47.9
Attorney cost (% of claim) 23.2
Court cost (% of claim) 12.6
Enforcement Cost (% of claim) 12.1
Procedures (number) 34
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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