Country Profile

  • Capital: Bogota
  • Currency: COP-Colombian Peso (1 USD = 3,876.22 COP) (*as of 28-Mar-2024)
  • Main Language(s): Spanish (official), English
  • Administration: Presidential Republic. The President is Chief of the State and Head of the Government.
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Geographic Location

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  • Region: South America
    Northern South America, bordering the Caribbean Sea, between Panama and Venezuela, and bordering the North Pacific Ocean, between Ecuador and Panama
Geographic Area - Total ('000 Sq. Km): 1,141.7
Time Zone: UTC -05:00
Accessibility (Hours):
Los Angeles 7
Houston 5
New York 5
Miami 3
Sao Paulo 6
Madrid 10
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Macro Indicators (2020)

Population (Millions): 50.9
GDP (US$ Billions): 252.9
Annual GDP Growth (%): -6.8
Inflation Rate (Annual %): 1.4
Unemployment (%): 15
Income Level: Upper Middle
ICT Service Exports (US$ Million): 534.4
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Avasant Country Risk Profile

Very High Very Low
Overall Business Risk: Low
Political Risk: Stable
Economic Risk: Stable
Service Disruption Risk: Stable
Operations Scalability Risk (Human Resource): Very Low
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Global Business/ICT Rankings

Doing Business 2020 (190): 67
WEF Global Competitiveness 2019 (141): 57
WEF ICT Adoption 2019 (141): 87
Global Innovation Index 2021 (132): 67
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Key ICT/Digital Providers

Domestic: Celerik, Emtelco, GreenSQA, PSL Corp, Vision-ar
International: BairesDev, Convergys, Capgemini, Dexon Software, Nearsol, Sutherland, Sykes, Teleperformance
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Main Outsourcing/Digital Hubs

Barranquilla, Bogota, Cali, Medellin

Global Equations Digital Competitiveness Profile

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  • Leader
  • Innovator
  • Challenger
  • Emerging

Digital Competitiveness Index™ classification and scores are derived by assessing 70+ parameters across five key digital competitiveness enabling pillars – Digital Ecosystem (30), Human Capital (25), Financial Attractiveness (25), Enabling Environment (15) and Supporting Infrastructure (5). Each segment indicates an overall aggregate score based on a range of sub indicators with varying degree of relevance to overall digital ecosystem and competitiveness.

Data Sources – The assessment is based on data from range of sources including publicly available third party sources e.g. World Bank, IMF as well as data collected directly by Avasant Global Equations and its partners – Computer Economics and Strativa Consulting.

For More Details on Data Sources and Assessment Methodology

Digital Competitiveness Index™ classification and scores are derived by assessing 70+ parameters across five key digital competitiveness enabling pillars – Digital Ecosystem (30), Human Capital (25), Financial Attractiveness (25), Enabling Environment (15) and Supporting Infrastructure (5). Each segment indicates an overall aggregate score based on a range of sub indicators with varying degree of relevance to overall digital ecosystem and competitiveness.

Data Sources – The assessment is based on data from range of sources including publicly available third party sources e.g. World Bank, IMF as well as data collected directly by Avasant Global Equations and its partners – Computer Economics and Strativa Consulting.

For More Details on Data Sources and Assessment Methodology

Digital Competitiveness - Total Score: 65.61
65.61 100.00 Total Score : 65.61 Argentina: 63.86 Australia: 62.37 Austria: 63.84 Bahamas: 21.72 Barbados: 37.20 Belize: 26.94 Brazil: 64.40 Bulgaria: 64.10 Canada: 70.15 Chile: 67.18 China: 68.28 Colombia: 65.61 Costa Rica: 68.07 Croatia: 63.30 Czech Republic: 65.81 Denmark: 49.14 Dominican Republic: 56.19 Ecuador: 38.32 Egypt: 49.25 El Salvador: 50.09 Estonia: 71.15 Finland: 48.61 France: 63.90 Germany: 67.57 Ghana: 37.49 Grenada: 12.91 Guatemala: 50.34 Guyana: 21.82 Haiti: 33.53 Honduras: 50.55 Hungary: 66.46 Iceland: 47.97 India: 74.70 Indonesia: 43.69 Ireland: 70.18 Israel: 65.10 Jamaica: 52.28 Japan: 52.36 Jordan: 54.79 Kazakhstan: 42.86 Kenya: 38.51 Latvia: 66.11 Lithuania: 68.75 Malawi: 26.65 Malaysia: 73.81 Mauritius: 56.18 Mexico: 65.97 Morocco: 46.96 Netherlands: 66.67 New Zealand: 57.30 Norway: 47.47 Panama: 52.55 Peru: 35.97 Philippines: 63.04 Poland: 65.91 Portugal: 63.49 Qatar: 53.40 Romania: 65.21 Russia: 54.37 Rwanda: 31.95 Singapore: 65.32 Slovak Republic: 63.21 Slovenia: 63.02 South Africa: 55.82 South Korea: 52.93 Spain: 64.89 Sri Lanka: 59.92 St. Vincent And the Grenadines: 11.62 Sweden: 48.26 Switzerland: 52.45 Tanzania: 31.37 Thailand: 48.49 Trinidad And Tobago: 43.69 Turkey: 51.22 Ukraine: 52.35 United Arab Emirates: 66.79 United Kingdom: 69.64 United States: 71.52 Uruguay: 62.37 Vietnam: 47.76

SUB-PILLARS

Rating
Country Score

Digital Competitiveness Index™ classification and scores are derived by assessing 70+ parameters across five key digital competitiveness enabling pillars – Digital Ecosystem (30), Human Capital (25), Financial Attractiveness (25), Enabling Environment (15) and Supporting Infrastructure (5). Each segment indicates an overall aggregate score based on a range of sub indicators with varying degree of relevance to overall digital ecosystem and competitiveness.

Data Sources – The assessment is based on data from range of sources including publicly available third party sources e.g. World Bank, IMF as well as data collected directly by Avasant Global Equations and its partners – Computer Economics and Strativa Consulting.

For More Details on Data Sources and Assessment Methodology

Digital Services Ecosystem

20.35 30.00 Colombia: 20.35 Argentina: 19.03 Australia: 19.05 Austria: 18.80 Bahamas: 6.10 Barbados: 6.18 Belize: 6.97 Brazil: 20.02 Bulgaria: 18.47 Canada: 22.67 Chile: 20.44 China: 20.97 Costa Rica: 21.54 Croatia: 18.31 Czech Republic: 18.82 Denmark: 13.71 Dominican Republic: 14.72 Ecuador: 6.21 Egypt: 13.98 El Salvador: 11.43 Estonia: 21.91 Finland: 13.78 France: 21.36 Germany: 23.17 Ghana: 5.83 Grenada: 2.60 Guatemala: 12.48 Guyana: 3.34 Haiti: 4.92 Honduras: 10.79 Hungary: 19.75 Iceland: 13.29 India: 24.84 Indonesia: 7.66 Ireland: 23.34 Israel: 20.67 Jamaica: 12.41 Japan: 17.91 Jordan: 14.49 Kazakhstan: 9.97 Kenya: 6.98 Latvia: 18.03 Lithuania: 19.69 Malawi: 3.43 Malaysia: 22.53 Mauritius: 13.10 Mexico: 20.44 Morocco: 9.13 Netherlands: 22.06 New Zealand: 15.83 Norway: 13.74 Panama: 12.94 Peru: 6.16 Philippines: 15.66 Poland: 19.28 Portugal: 18.03 Qatar: 14.35 Romania: 18.47 Russia: 14.89 Rwanda: 4.93 Singapore: 20.65 Slovak Republic: 18.26 Slovenia: 16.72 South Africa: 14.13 South Korea: 19.20 Spain: 20.98 Sri Lanka: 15.46 St. Vincent And the Grenadines: 1.78 Sweden: 14.37 Switzerland: 16.18 Tanzania: 4.30 Thailand: 8.59 Trinidad And Tobago: 9.19 Turkey: 12.78 Ukraine: 13.51 United Arab Emirates: 20.21 United Kingdom: 22.73 United States: 25.34 Uruguay: 19.28 Vietnam: 10.03

Digital Competitiveness Index™ classification and scores are derived by assessing 70+ parameters across five key digital competitiveness enabling pillars – Digital Ecosystem (30), Human Capital (25), Financial Attractiveness (25), Enabling Environment (15) and Supporting Infrastructure (5). Each segment indicates an overall aggregate score based on a range of sub indicators with varying degree of relevance to overall digital ecosystem and competitiveness.

Data Sources – The assessment is based on data from range of sources including publicly available third party sources e.g. World Bank, IMF as well as data collected directly by Avasant Global Equations and its partners – Computer Economics and Strativa Consulting.

For More Details on Data Sources and Assessment Methodology

Business Environment

8.82 15.00 Colombia: 8.82 Argentina: 8.37 Australia: 11.08 Austria: 11.09 Bahamas: 2.91 Barbados: 8.45 Belize: 2.25 Brazil: 8.29 Bulgaria: 9.77 Canada: 11.49 Chile: 10.43 China: 10.42 Costa Rica: 8.91 Croatia: 9.14 Czech Republic: 10.31 Denmark: 11.66 Dominican Republic: 8.34 Ecuador: 8.07 Egypt: 9.03 El Salvador: 7.21 Estonia: 11.02 Finland: 12.07 France: 10.89 Germany: 11.38 Ghana: 8.99 Grenada: 2.70 Guatemala: 7.83 Guyana: 2.81 Haiti: 5.22 Honduras: 7.64 Hungary: 9.64 Iceland: 11.25 India: 9.96 Indonesia: 9.93 Ireland: 11.05 Israel: 11.30 Jamaica: 8.74 Japan: 11.10 Jordan: 10.08 Kazakhstan: 9.53 Kenya: 9.71 Latvia: 10.20 Lithuania: 10.48 Malawi: 8.06 Malaysia: 11.32 Mauritius: 10.41 Mexico: 8.64 Morocco: 9.95 Netherlands: 11.53 New Zealand: 11.89 Norway: 11.61 Panama: 9.29 Peru: 8.68 Philippines: 8.78 Poland: 9.65 Portugal: 10.28 Qatar: 10.22 Romania: 9.61 Russia: 8.87 Rwanda: 9.90 Singapore: 12.39 Slovak Republic: 9.76 Slovenia: 10.59 South Africa: 9.04 South Korea: 10.86 Spain: 10.50 Sri Lanka: 9.23 St. Vincent And the Grenadines: 2.88 Sweden: 11.61 Switzerland: 11.43 Tanzania: 8.46 Thailand: 10.16 Trinidad And Tobago: 8.06 Turkey: 9.50 Ukraine: 8.30 United Arab Emirates: 11.86 United Kingdom: 11.66 United States: 11.65 Uruguay: 9.01 Vietnam: 9.21

Digital Competitiveness Index™ classification and scores are derived by assessing 70+ parameters across five key digital competitiveness enabling pillars – Digital Ecosystem (30), Human Capital (25), Financial Attractiveness (25), Enabling Environment (15) and Supporting Infrastructure (5). Each segment indicates an overall aggregate score based on a range of sub indicators with varying degree of relevance to overall digital ecosystem and competitiveness.

Data Sources – The assessment is based on data from range of sources including publicly available third party sources e.g. World Bank, IMF as well as data collected directly by Avasant Global Equations and its partners – Computer Economics and Strativa Consulting.

For More Details on Data Sources and Assessment Methodology

Human Capital

16.43 25.00 Colombia: 16.43 Argentina: 16.19 Australia: 16.47 Austria: 18.10 Bahamas: 6.52 Barbados: 12.26 Belize: 9.61 Brazil: 15.01 Bulgaria: 14.62 Canada: 19.28 Chile: 16.77 China: 14.89 Costa Rica: 17.18 Croatia: 15.88 Czech Republic: 17.18 Denmark: 10.72 Dominican Republic: 14.70 Ecuador: 9.33 Egypt: 9.82 El Salvador: 12.43 Estonia: 18.45 Finland: 11.00 France: 17.07 Germany: 17.81 Ghana: 9.50 Grenada: 5.40 Guatemala: 12.95 Guyana: 8.48 Haiti: 11.32 Honduras: 14.19 Hungary: 16.14 Iceland: 11.27 India: 17.73 Indonesia: 11.87 Ireland: 19.07 Israel: 15.78 Jamaica: 14.97 Japan: 12.80 Jordan: 12.50 Kazakhstan: 7.33 Kenya: 9.10 Latvia: 17.48 Lithuania: 17.87 Malawi: 6.18 Malaysia: 18.44 Mauritius: 14.93 Mexico: 15.75 Morocco: 11.63 Netherlands: 18.11 New Zealand: 16.00 Norway: 10.80 Panama: 13.10 Peru: 8.18 Philippines: 18.07 Poland: 16.56 Portugal: 16.82 Qatar: 13.26 Romania: 16.38 Russia: 12.69 Rwanda: 7.26 Singapore: 16.69 Slovak Republic: 16.23 Slovenia: 17.15 South Africa: 13.07 South Korea: 10.64 Spain: 17.48 Sri Lanka: 15.21 St. Vincent And the Grenadines: 5.35 Sweden: 10.61 Switzerland: 13.54 Tanzania: 8.24 Thailand: 11.41 Trinidad And Tobago: 12.48 Turkey: 11.77 Ukraine: 12.59 United Arab Emirates: 15.72 United Kingdom: 18.74 United States: 19.28 Uruguay: 15.81 Vietnam: 10.41

Digital Competitiveness Index™ classification and scores are derived by assessing 70+ parameters across five key digital competitiveness enabling pillars – Digital Ecosystem (30), Human Capital (25), Financial Attractiveness (25), Enabling Environment (15) and Supporting Infrastructure (5). Each segment indicates an overall aggregate score based on a range of sub indicators with varying degree of relevance to overall digital ecosystem and competitiveness.

Data Sources – The assessment is based on data from range of sources including publicly available third party sources e.g. World Bank, IMF as well as data collected directly by Avasant Global Equations and its partners – Computer Economics and Strativa Consulting.

For More Details on Data Sources and Assessment Methodology

Financial Attractiveness

16.68 25.00 Colombia: 16.68 Argentina: 16.65 Australia: 11.42 Austria: 11.94 Bahamas: 5.74 Barbados: 7.39 Belize: 8.01 Brazil: 17.54 Bulgaria: 17.68 Canada: 12.17 Chile: 15.79 China: 17.83 Costa Rica: 17.21 Croatia: 16.33 Czech Republic: 15.61 Denmark: 8.71 Dominican Republic: 15.38 Ecuador: 11.97 Egypt: 13.11 El Salvador: 16.05 Estonia: 16.01 Finland: 7.64 France: 9.93 Germany: 10.55 Ghana: 10.55 Grenada: 1.91 Guatemala: 14.57 Guyana: 6.94 Haiti: 10.41 Honduras: 15.32 Hungary: 17.14 Iceland: 8.28 India: 18.76 Indonesia: 11.05 Ireland: 12.73 Israel: 13.39 Jamaica: 13.58 Japan: 6.21 Jordan: 14.64 Kazakhstan: 12.84 Kenya: 10.00 Latvia: 16.69 Lithuania: 17.05 Malawi: 5.54 Malaysia: 18.27 Mauritius: 14.87 Mexico: 17.41 Morocco: 13.18 Netherlands: 10.53 New Zealand: 9.60 Norway: 7.26 Panama: 14.01 Peru: 10.00 Philippines: 17.49 Poland: 16.68 Portugal: 14.22 Qatar: 11.97 Romania: 17.16 Russia: 14.04 Rwanda: 7.58 Singapore: 12.29 Slovak Republic: 15.44 Slovenia: 15.07 South Africa: 16.20 South Korea: 7.65 Spain: 11.56 Sri Lanka: 16.95 St. Vincent And the Grenadines: 1.51 Sweden: 7.34 Switzerland: 6.87 Tanzania: 7.72 Thailand: 14.57 Trinidad And Tobago: 11.06 Turkey: 13.41 Ukraine: 14.79 United Arab Emirates: 14.82 United Kingdom: 12.02 United States: 10.65 Uruguay: 14.70 Vietnam: 14.85

Digital Competitiveness Index™ classification and scores are derived by assessing 70+ parameters across five key digital competitiveness enabling pillars – Digital Ecosystem (30), Human Capital (25), Financial Attractiveness (25), Enabling Environment (15) and Supporting Infrastructure (5). Each segment indicates an overall aggregate score based on a range of sub indicators with varying degree of relevance to overall digital ecosystem and competitiveness.

Data Sources – The assessment is based on data from range of sources including publicly available third party sources e.g. World Bank, IMF as well as data collected directly by Avasant Global Equations and its partners – Computer Economics and Strativa Consulting.

For More Details on Data Sources and Assessment Methodology

Infrastructure

3.33 5.00 Colombia: 3.33 Argentina: 3.62 Australia: 4.35 Austria: 3.91 Bahamas: 0.45 Barbados: 2.92 Belize: 0.10 Brazil: 3.54 Bulgaria: 3.56 Canada: 4.54 Chile: 3.75 China: 4.17 Costa Rica: 3.23 Croatia: 3.64 Czech Republic: 3.89 Denmark: 4.34 Dominican Republic: 3.05 Ecuador: 2.74 Egypt: 3.31 El Salvador: 2.97 Estonia: 3.76 Finland: 4.12 France: 4.65 Germany: 4.66 Ghana: 2.62 Grenada: 0.30 Guatemala: 2.51 Guyana: 0.25 Haiti: 1.66 Honduras: 2.61 Hungary: 3.79 Iceland: 3.88 India: 3.41 Indonesia: 3.18 Ireland: 3.99 Israel: 3.96 Jamaica: 2.58 Japan: 4.34 Jordan: 3.08 Kazakhstan: 3.19 Kenya: 2.72 Latvia: 3.71 Lithuania: 3.66 Malawi: 3.44 Malaysia: 3.25 Mauritius: 2.87 Mexico: 3.73 Morocco: 3.07 Netherlands: 4.44 New Zealand: 3.98 Norway: 4.06 Panama: 3.21 Peru: 2.95 Philippines: 3.04 Poland: 3.74 Portugal: 4.14 Qatar: 3.60 Romania: 3.59 Russia: 3.88 Rwanda: 2.28 Singapore: 3.30 Slovak Republic: 3.52 Slovenia: 3.49 South Africa: 3.38 South Korea: 4.58 Spain: 4.37 Sri Lanka: 3.07 St. Vincent And the Grenadines: 0.10 Sweden: 4.33 Switzerland: 4.43 Tanzania: 2.65 Thailand: 3.76 Trinidad And Tobago: 2.90 Turkey: 3.76 Ukraine: 3.16 United Arab Emirates: 4.18 United Kingdom: 4.49 United States: 4.60 Uruguay: 3.57 Vietnam: 3.26

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