Colombia Governance: Business Environment
CO: Business Extent of Disclosure Index
CO: Business Extent of Disclosure Index data was reported at 9.000 NA in 2019. This stayed constant from the previous number of 9.000 NA for 2018. CO: Business Extent of Disclosure Index data is updated yearly, averaging 9.000 NA from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 9.000 NA in 2019 and a record low of 9.000 NA in 2019. CO: Business Extent of Disclosure Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Governance: Business Environment. Disclosure index measures the extent to which investors are protected through disclosure of ownership and financial information. The index ranges from 0 to 10, with higher values indicating more disclosure.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 9.000 2019 | yearly | 2005 - 2019 |
View Colombia's CO: Business Extent of Disclosure Index from 2005 to 2019 in the chart:
CO: Delay in Obtaining An Electrical Connection
CO: Delay in Obtaining An Electrical Connection data was reported at 59.600 Day in 2017. This records an increase from the previous number of 20.800 Day for 2010. CO: Delay in Obtaining An Electrical Connection data is updated yearly, averaging 26.400 Day from Dec 2006 (Median) to 2017, with 3 observations. The data reached an all-time high of 59.600 Day in 2017 and a record low of 20.800 Day in 2010. CO: Delay in Obtaining An Electrical Connection data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Governance: Business Environment. 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.;World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).;Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 59.600 2017 | yearly | 2006 - 2017 |
View Colombia's CO: Delay in Obtaining An Electrical Connection from 2006 to 2017 in the chart:
CO: Depth of Credit Information Index: 0=Low To 8=High
CO: Depth of Credit Information Index: 0=Low To 8=High data was reported at 7.000 NA in 2019. This stayed constant from the previous number of 7.000 NA for 2018. CO: Depth of Credit Information Index: 0=Low To 8=High data is updated yearly, averaging 7.000 NA from Dec 2013 (Median) to 2019, with 7 observations. The data reached an all-time high of 7.000 NA in 2019 and a record low of 7.000 NA in 2019. CO: Depth of Credit Information Index: 0=Low To 8=High data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Governance: Business Environment. Depth of credit information index measures rules affecting the scope, accessibility, and quality of credit information available through public or private credit registries. The index ranges from 0 to 8, with higher values indicating the availability of more credit information, from either a public registry or a private bureau, to facilitate lending decisions.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 7.000 2019 | yearly | 2013 - 2019 |
View Colombia's CO: Depth of Credit Information Index: 0=Low To 8=High from 2013 to 2019 in the chart:
CO: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier
CO: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier data was reported at 70.060 NA in 2019. This records an increase from the previous number of 69.243 NA for 2018. CO: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier data is updated yearly, averaging 69.165 NA from Dec 2015 (Median) to 2019, with 5 observations. The data reached an all-time high of 70.060 NA in 2019 and a record low of 68.859 NA in 2015. CO: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Governance: Business Environment. The ease of doing business scores benchmark economies with respect to regulatory best practice, showing the proximity to the best regulatory performance on each Doing Business indicator. An economy’s score is indicated on a scale from 0 to 100, where 0 represents the worst regulatory performance and 100 the best regulatory performance.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 70.060 2019 | yearly | 2015 - 2019 |
View Colombia's CO: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier from 2015 to 2019 in the chart:
CO: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms
CO: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms data was reported at 2.000 % in 2023. This records a decrease from the previous number of 9.100 % for 2017. CO: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms data is updated yearly, averaging 1.750 % from Dec 2006 (Median) to 2023, with 4 observations. The data reached an all-time high of 9.100 % in 2017 and a record low of 1.100 % in 2006. CO: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Governance: Business Environment. 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?';World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).;Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 2.000 2023 | yearly | 2006 - 2023 |
View Colombia's CO: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms from 2006 to 2023 in the chart:
CO: Firms Experiencing Electrical Outages: % of Firms
CO: Firms Experiencing Electrical Outages: % of Firms data was reported at 53.900 % in 2017. This records an increase from the previous number of 53.300 % for 2010. CO: Firms Experiencing Electrical Outages: % of Firms data is updated yearly, averaging 53.300 % from Dec 2006 (Median) to 2017, with 3 observations. The data reached an all-time high of 53.900 % in 2017 and a record low of 43.200 % in 2006. CO: Firms Experiencing Electrical Outages: % of Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Governance: Business Environment. Percent of firms experiencing electrical outages during the previous fiscal year.;World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).;Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 53.900 2017 | yearly | 2006 - 2017 |
View Colombia's CO: Firms Experiencing Electrical Outages: % of Firms from 2006 to 2017 in the chart:
CO: Labour Tax and Contributions: % of Commercial Profits
CO: Labour Tax and Contributions: % of Commercial Profits data was reported at 23.600 % in 2019. This records an increase from the previous number of 18.600 % for 2018. CO: Labour Tax and Contributions: % of Commercial Profits data is updated yearly, averaging 28.800 % from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 33.900 % in 2010 and a record low of 18.600 % in 2018. CO: Labour Tax and Contributions: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Governance: Business Environment. Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 23.600 2019 | yearly | 2005 - 2019 |
View Colombia's CO: Labour Tax and Contributions: % of Commercial Profits from 2005 to 2019 in the chart:
CO: Other Taxes Payable by Businesses: % of Commercial Profits
CO: Other Taxes Payable by Businesses: % of Commercial Profits data was reported at 26.600 % in 2019. This records a decrease from the previous number of 31.600 % for 2018. CO: Other Taxes Payable by Businesses: % of Commercial Profits data is updated yearly, averaging 31.800 % from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 33.100 % in 2007 and a record low of 26.600 % in 2019. CO: Other Taxes Payable by Businesses: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Governance: Business Environment. 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.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 26.600 2019 | yearly | 2005 - 2019 |
View Colombia's CO: Other Taxes Payable by Businesses: % of Commercial Profits from 2005 to 2019 in the chart:
CO: Power Outages in Firms in A Typical Month
CO: Power Outages in Firms in A Typical Month data was reported at 0.800 Unit in 2017. This records an increase from the previous number of 0.600 Unit for 2010. CO: Power Outages in Firms in A Typical Month data is updated yearly, averaging 0.600 Unit from Dec 2006 (Median) to 2017, with 3 observations. The data reached an all-time high of 0.800 Unit in 2017 and a record low of 0.400 Unit in 2006. CO: Power Outages in Firms in A Typical Month data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Governance: Business Environment. Power outages are the average number of power outages that establishments experience in a typical month.;World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).;Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 0.800 2017 | yearly | 2006 - 2017 |
View Colombia's CO: Power Outages in Firms in A Typical Month from 2006 to 2017 in the chart:
CO: Profit Tax: % of Commercial Profits
CO: Profit Tax: % of Commercial Profits data was reported at 21.100 % in 2019. This records a decrease from the previous number of 21.700 % for 2018. CO: Profit Tax: % of Commercial Profits data is updated yearly, averaging 21.100 % from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 22.100 % in 2015 and a record low of 17.000 % in 2010. CO: Profit Tax: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Governance: Business Environment. Profit tax is the amount of taxes on profits paid by the business.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 21.100 2019 | yearly | 2005 - 2019 |