Ease of doing business index for Colombia
ICBUSEASEXQCOL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Colombia measures the efficiency of the regulatory environment for starting and operating a local business. It is a key indicator for policymakers and investors assessing the business climate in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Ease of Doing Business Index evaluates various factors that impact a company's ability to start, operate, and grow a business in a given economy. The index covers metrics such as starting a business, obtaining construction permits, registering property, getting credit, and enforcing contracts.
Methodology
The data is collected through surveys of local experts and government officials.
Historical Context
The index is widely used by policymakers, economists, and international organizations to benchmark Colombia's business regulations against other countries.
Key Facts
- Colombia ranked 67th out of 190 countries in the 2020 Ease of Doing Business index.
- The index ranges from 0 to 100, with 100 representing the best regulatory environment.
- Colombia's score on the index was 72.5 in 2020.
FAQs
Q: What does the Ease of Doing Business Index for Colombia measure?
A: The index measures the efficiency of the regulatory environment for starting and operating a local business in Colombia.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator for policymakers and investors assessing the business climate and competitiveness of the Colombian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local experts and government officials.
Q: How is this trend used in economic policy?
A: The index is widely used by policymakers, economists, and international organizations to benchmark Colombia's business regulations against other countries and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published annually, and the most recent data may have a delay of several months.
Related Trends
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Colombia
COLCPGREN01GPM
Value of Exports to Colombia from West Virginia
WVCOLA052SCEN
Balance of Payments: Other Investment: Assets (or Net Acquisition of Assets) for Colombia
COLB6FAOI02CXCUQ
Infant Mortality Rate for Colombia
SPDYNIMRTINCOL
Infra-Annual Labor Statistics: Employment Female: From 25 to 54 Years for Colombia
COLLFEM25FESTM
Value of Exports to Colombia from Montana
MTCOLA052SCEN
Citation
U.S. Federal Reserve, Ease of doing business index for Colombia (ICBUSEASEXQCOL), retrieved from FRED.