Colombia in the Lead
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🏢 High Quality of Business Entry Regulations
Colombia scored 96.6 in the Business Entry Pillar for regulatory quality in 2024, showcasing its conducive environment for starting businesses.
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💸 High Revenue from Taxes on Goods and Services
In 2023, Colombia collected 119 trillion LCU from taxes on goods and services, reflecting a robust taxation system.
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🌧️ Most Rainfall in the World
Colombia experiences an average precipitation of 3240 mm per year, making it one of the wettest countries globally as of 2021.
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💰 Significant IMF Financial Inflows
In 2020, Colombia received net financial flows from the IMF amounting to $5.22 billion, indicating strong international financial support.
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🏥 High Number of Surgical Procedures
With 27,385 surgical procedures per 100,000 population in 2015, Colombia demonstrates a strong healthcare capacity.
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🚫 Low Acceptance of Domestic Violence
In 2015, only 3.1% of women believed a husband was justified in beating his wife for any reason, indicating a positive cultural stance against domestic violence.
Colombia Following Behind
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📉 High Net Incurrence of Liabilities
Colombia's net incurrence of liabilities reached 84.35 trillion LCU in 2023, highlighting significant financial obligations.
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📦 Decline in Inventory Changes
By 2023, Colombia faced a significant decrease in inventory changes, with a value of -59,417,000,000,000 LCU, reflecting economic challenges.
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🔍 Inadequate Social Safety Net
In 2022, only 0.69% of the total welfare of beneficiary households was covered by social safety net programs, indicating a significant gap in social protection.
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🛑 Limited Unemployment Benefits Coverage
In 2022, unemployment benefits and ALMP covered only 0.14% of the population, indicating limited support for the unemployed.
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📉 Negative Investment in Nonfinancial Assets
In 2016, Colombia experienced a negative net investment in nonfinancial assets, amounting to -4,257,815,123,537 LCU, highlighting challenges in asset growth.
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🚸 High Child Employment in Manufacturing
In 2015, 15.23% of economically active children aged 7-14 were employed in manufacturing, indicating a need for improved child labor policies.
