Colombia - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Colombia was 1.97 as of 2020. Its highest value over the past 7 years was 2.20 in 2014, while its lowest value was 1.89 in 2015.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2013 1.97
2014 2.20
2015 1.89
2016 2.09
2017 2.00
2018 2.00
2019 2.16
2020 1.97

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2006 26.40
2010 20.80
2017 59.60

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2006 0.400
2010 0.600
2017 0.800

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2006 43.20
2010 53.30
2017 53.90

Time required to get electricity (days)

The value for Time required to get electricity (days) in Colombia was 88.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 165.00 in 2012 and a minimum value of 88.00 in 2019.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2009 165.00
2010 165.00
2011 165.00
2012 165.00
2013 105.00
2014 102.00
2015 109.00
2016 109.00
2017 106.00
2018 92.00
2019 88.00

Firms that do not report all sales for tax purposes (% of firms)

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2006 38.68

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2006 25.10
2010 41.10
2017 22.40

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2006 57.80
2010 53.20
2017 30.50

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2006 24.00
2010 28.70
2017 21.20

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2006 1.10
2010 1.50
2017 9.10

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Colombia was 23.60 as of 2019. Its highest value over the past 14 years was 33.90 in 2010, while its lowest value was 18.60 in 2015.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 31.80
2006 32.30
2007 32.70
2008 33.40
2009 33.90
2010 33.90
2011 28.80
2012 28.80
2013 28.80
2014 30.10
2015 18.60
2016 18.60
2017 18.60
2018 18.60
2019 23.60

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Colombia was 26.60 as of 2019. Its highest value over the past 14 years was 33.10 in 2007, while its lowest value was 26.60 in 2019.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 33.10
2006 33.10
2007 33.10
2008 30.60
2009 32.10
2010 32.10
2011 32.10
2012 31.40
2013 31.50
2014 31.50
2015 31.50
2016 31.90
2017 31.80
2018 31.60
2019 26.60

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Colombia was 21.10 as of 2019. Its highest value over the past 14 years was 22.10 in 2015, while its lowest value was 17.00 in 2009.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 21.80
2006 21.60
2007 21.40
2008 18.70
2009 17.00
2010 17.00
2011 18.30
2012 18.50
2013 18.50
2014 18.20
2015 22.10
2016 21.70
2017 21.80
2018 21.70
2019 21.10

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment