Indicators for Bogota Region

Rankings and indicators for Bogota Region


Business environment – World Bank Doing Business Report


The World Bank Doing Business report provides an objective measurement of regulations for doing business and their application across 190 economies. The study measures aspects such as the setting up of a business, the securing of construction permits, property registration, contract compliance, among others.

According to the most updated results for the city of Bogota, as shown in the 2018 Doing Business report, the cost of creating a company in Bogota is below the average recorded for the region. This amount represents 14% of per capita income, as compared with the average figure for Latin America and the Caribbean, which is 31.40%.

In respect of the time required to set up a company, doing this in Bogota takes 11 days, which positions the city above other main cities such as Buenos Aires (11.5 days), Sao Paulo (13.5 days), and Lima (26 days).

In respect of the indicators on the securing of construction permits, the report shows that the time required for that in Bogota is lower than the average time required in Latin America and the Caribbean. This time is lower than the time required in cities such as Sao Paulo, Buenos Aires, Lima, and Santiago de Chile. Likewise, in point of paperwork procedures, Bogota is one of the most competitive cities in Latin America, with Santiago de Chile being the only one surpassing it.

Main business environment indicators in Latin America


Source: Doing Business, 2018.

Si desea más información, puede For more information, you may review the downloadable reports or visit this page Doing Business.

Global Entrepreneurship Monitor – GEM Bogota


Research focused on studying processes associated with the conception, creation, placing in operation, and development of business initiatives (or startups). This academic exercise is updated with information at year-end for Colombia.

The Global Entrepreneurship Monitor (GEM) 2018 report for Bogota shows that the city has an entrepreneurship activity rate (EAR) of 19.2%. This indicator shows the percentage of citizens between 18 and 65 years old who tell that they are business owners and/or promoters of an enterprise activity having no more than 3.5 years of existence. This number shows a quite dynamic entrepreneurship activity if compared with the average of countries that were classified as innovation-driven economies for the study. For these countries, the EAR was 10.2%.

According to the GEM report, by business sector, the startups created in Bogota in 2018 focused mainly on activities associated with the consumption, transformation, and services sectors.

New companies by economy sectors


Source: Informe GEM Bogota, 2018.

There is a large number of startups in the city showing a tendency that favors gender equality. Thus, 46.5% of these startups are led by women; 30.3% of these women leaders are between 25 to 34 years of age, and a large majority have pursued technical, technological, college undergraduate, or postgraduate studies (55.7%).

For more information, you may review the downloadable reports or visit this page:

Micro-businesses survey for Bogota – DANE


The purpose of the Micro-Businesses Survey (or EMICRON, for the Spanish acronym) is to provide statistical information about the structure and evolution of the main economic variables of micro-businesses in the following sectors: agriculture, manufacturing industries, commerce, construction, transport, and services. Besides, it provides information about entrepreneurship, informality, settlements or locations, characteristics of the personnel occupied in the businesses, financial inclusion, corporate capital, and use of information and communication technology in these business units. The results are shown for the whole nation, capitals/urban centers, and for the main 24 cities of the country.

Since 2020, DANE, the national statistics agency, has collected information on the perception of micro-businesses owners to assess the impact of the sanitary emergency in the carrying out of their economic operation. These results are presented in a special report broken down by economic activities and geographical area.

Main indicators of the DANE Micro-Businesses Survey – Entrepreneurship module (2020)


Source: Micro-businesses survey, DANE, 2020.

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Startup Ecosystem Report – Startup Blink


As a map of the startup ecosystem and a research center, StartupBlink provides information to entrepreneurs at no cost so that they may make intelligent decisions about their startups.

The StartupBlink Global Startup Ecosystem Index has been updated every year since 2017, and it is the most complete ecosystem ranking in the world, covering 1,000 cities and 100 countries. This ranking is built by using hundreds of thousands of data points that are processed by an algorithm that takes into account several parameters.

Positioning by countries and cities of Latin America


Source: Startup Ecosystem Report, 2021, Startup Blink.

For more information, you may review the downloadable reports or visit this page:

Top 100 emerging ecosystem ranking – Startup Genome


According to the Global Startup Genome report, Bogota is considered as one of the 100 cities with the best emerging startup ecosystem in the world, and the second city in Latin America after Mexico DF.

Four representative aspects were evaluated as part of this indicator: behavior, funding, market reach, and human talent. With respect thereto, Bogota shows excellent scores as follows: nine points of ten (where Mexico DF scored three points of ten), and seven points of ten for capital raising.

Positioning of the main cities of Latin America in the Top 100 Emerging Ecosystem Report (2021)


Source: Global Startup Genome, 2021, Startup Genome.

For more information, you may review the downloadable reports or visit this page:

The Global Fintech Index – Findexable


The report ranking is made by an algorithm that analyzes data collected by Startup Blink and verified by Findexable. The data originates in platforms such as Crunchbase, SEMrush, and more than 60 FinTech associations across the world. Findexable focuses on the results shown in the evaluation of data such as the number of FinTech ventures in a country or city (aspects such as web presence, monthly visits/hits, client base, and market value).

The report shows that the financial technology sector grew worldwide in 2020, driven by the Covid 19 pandemics and the digitalization that the sanitary crisis accelerated. This drive was enough to add 50 new cities and 20 new countries to the index, meaning that these places host at least ten FinTech ventures.

Positioning of cities of Latin America in the Global Fintech Index (2021)


Source: Global Fintech Index 2021, Findexable.

For more information, you may review the downloadable reports or visit this page: