Colombia The Best Country in Latin America To Do Business

Posted by Pedro Gonzalez, CPA on Nov 7, 2014

Colombia Best in Latin America

Colombia has been ranked as the best country to do business in Latin America in the 2015 Doing Business report issued by the World Bank in October.  Colombia ranked 34 on a list of 198 economies around the world, nine places higher than last year’s ranking. Last year Colombia ranked third in Latin American countries.

The top five countries in Latin America this year are:

1. Colombia
2. Peru
3. Mexico
4. Chile
5. Panama

This year Colombia outperformed Chile, Peru, Mexico, Brazil and Panama. Positive legislative changes made in the country in the areas of taxes, credit and property regulation helped Colombia to improve its ranking in the region.