Entrepreneurship in Colombia - GEM Global Entrepreneurship Monitor

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</div> </header> <div id="banner" class=" static " ></div> <div id="breadcrumb"> <div class="container"> <div class="container-inner"> <a href="https://www.gemconsortium.org/country-profiles" class="btn btn-primary"> <span class="gemicon gemicon-chevron-left white" aria-hidden="true"></span> Back to Economy Profiles </a> </div> </div> </div> <div id="main" class="country-profile"> <div class="container"> <div class="container-inner"> <div class="profile-inner"> <div class="profile-info"> <div class="profile-info-holder"> <div class="profile-info-left"> <div class="profile-flag pflag-logo"> <img src="https://www.gemconsortium.org/images/svg/flags/CO.svg" alt="Colombia" title="Colombia"> </div> <h4 class="profile-team-name">Colombia</h4> </div> <div class="profile-info-right"> <h6 class="profile-team-institution"> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip"><strong>Region:</strong> LatAm and Caribbean</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div data-html="true" class="tooltip-body"> <p>Classification of economies by geographic region is based on that of the <a data-html="true" target="_blank" href="https://unstats.un.org/unsd/methodology/m49/#geo-regions">United Nations Statistics Division. </a></p> </div> </div> </div> </div> </h6> <h6 class="profile-team-institution"> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip"><strong>Middle Income</strong></a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div data-html="true" class="tooltip-body"> <p>Based on the income levels set out by the World Economic Forum (WEF) in its Global Competitiveness Report. However, the groupings are slightly different due to the numbers of economies covered. For GEM, the low income group contains both those classified as low income and lower middle by WEF, and the middle income group has those that WEF groups as upper middle. High income is the same for both GEM and WEF.</p> </div> </div> </div> </div> </h6> <h6 class="profile-team-institution"> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip"><strong>Population:</strong> 49.1 million (2018)</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div data-html="true" class="tooltip-body"> <p> Population data is from the <a href="https://data.worldbank.org/indicator/sp.pop.totl" target="_blank">World Bank</a>, except Palestinian Territories <a href="http://worldpopulationreview.com/countries/palestine-population/" target="_blank">World Population Review</a> and Taiwan <a href="https://www.worldometers.info/world-population/taiwan-population/" target="_blank">Worldometers</a> </p> </div> </div> </div> </div> </h6> <h6 class="profile-team-vendor"> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip"><strong>GDP Growth:</strong> 1.4% (2017)</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div data-html="true" class="tooltip-body"> <p> GDP growth data is from the <a href="https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/index.aspx" target="_blank">World Economic Outlook Database</a>, except Palestinian Territories <a href="https://www.worldometers.info/gdp/state-of-palestine-gdp/" target="_blank">Worldometers</a> </p> </div> </div> </div> </div> </h6> <h6 class="profile-team-funders"> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip"><strong>GDP Per Capita:</strong> $6,325 (2017)</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div data-html="true" class="tooltip-body"> <p> GDP per capita data is from the <a href="https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/index.aspx" target="_blank">World Economic Outlook Database</a>, except Palestinian Territories <a href="https://www.worldometers.info/gdp/state-of-palestine-gdp/" target="_blank">Worldometers</a> </p> </div> </div> </div> </div> </h6>   <button type="button" class="btn btn-danger btn-block toggle-profile" data-type="team">Contact</button> <button type="button" class="btn btn-orange btn-block view-profile-reports">View Reports</button> </div> </div> </div> <div class="profile-details">  <div class="nav-tabs-panel" role="tabpanel"> <div class="nav-tabs-holder"> <ul class="nav nav-tabs grid-2" role="tablist"> <li class="active"> <a href="#cp" class="tablist-cp" aria-controls="cp" role="tab" data-toggle="tab" >Economy Profile</a> </li> <li role="presentation" class="" > <a href="#pb" class="tablist-pb" aria-controls="pb" role="tab" data-toggle="tab" >Policy Brief</a> </li> </ul> </div> <div class="tab-content min-height"> <div id="cp" role="tabpanel" class="tab-pane expanded fade active in " > <article > <h2>Entrepreneurial Behaviour and Attitudes</h2> <span class="pushbar">Most recent data: 2023</span> <ul class="color-index clickable" style="display:block;"> <li style="cursor:pointer;" data-trigger="measure"><span style="background:#4b92c3 url('../images/tick.png') center;background-size: 100%;"></span>Colombia 2023</li> <li style="cursor:pointer; " data-trigger="Colombia 2022"><span style="background:#f5eb05 url('../images/tick.png') center;background-size: 100%;"></span>Colombia 2022</li> <li style="cursor:pointer;" data-trigger="marker"><span style="background:#373737 url('../images/tick.png') center;background-size: 100%;"></span>Global Average</li> <li style="cursor:pointer;" data-trigger="Regional Average"><span style="background:#f9830e url('../images/tick.png') center;background-size: 100%;"></span>Regional Average</li> <li style="cursor:pointer;" data-trigger="Income Level Average"><span style="background:#acacac url('../images/tick.png') center;background-size: 100%;"></span>Income Level Average</li> </ul> <div class="data-entry-row"> <h2 class="table-title">Self-Perceptions</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip hidden-xs">Perceived Opportunities Rate</a> <a href="/data/key-indicator/4" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Perceived Opportunities Rate:</span>Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who see good opportunities to start a firm in the area where they live </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/5" class="open-indicator-tooltip hidden-xs">Perceived Capabilities Rate</a> <a href="/data/key-indicator/5" class="open-indicator-tooltip visible-xs">2</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Perceived Capabilities Rate:</span>Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who believe they have the required skills and knowledge to start a business </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/6" class="open-indicator-tooltip hidden-xs">Fear of Failure Rate*</a> <a href="/data/key-indicator/6" class="open-indicator-tooltip visible-xs">3</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Fear of Failure Rate*:</span>Percentage of the 18–64 population who agree that they see good opportunities but would not start a business for fear it might fail. NOTE: this is a percentage of those seeing good opportunities, and not the total adult population </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/7" class="open-indicator-tooltip hidden-xs">Entrepreneurial Intentions Rate</a> <a href="/data/key-indicator/7" class="open-indicator-tooltip visible-xs">4</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Entrepreneurial Intentions Rate:</span>Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who are latent entrepreneurs and who intend to start a business within three years </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="chart"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. Perceived Opportunities Rate</li> <li>2. Perceived Capabilities Rate</li> <li>3. Fear of Failure Rate*</li> <li>4. Entrepreneurial Intentations Rate:</li> </ul> </div> </div> <div class="data-entry-row"> <h2 class="table-title">Activity</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/1" class="open-indicator-tooltip hidden-xs">Total early-stage Entrepreneurial Activity (TEA)</a> <a href="/data/key-indicator/1" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Total early-stage Entrepreneurial Activity (TEA):</span>Percentage of 18-64 population who are either a nascent entrepreneur or owner-manager of a new business </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/2" class="open-indicator-tooltip hidden-xs">Established Business Ownership Rate</a> <a href="/data/key-indicator/2" class="open-indicator-tooltip visible-xs">2</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Established Business Ownership Rate:</span>Percentage of 18-64 population who are currently an owner-manager of an established business, i.e., owning and managing a running business that has paid salaries, wages, or any other payments to the owners for more than 42 months </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/3" class="open-indicator-tooltip hidden-xs">Entrepreneurial Employee Activity Rate</a> <a href="/data/key-indicator/3" class="open-indicator-tooltip visible-xs">3</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Entrepreneurial Employee Activity Rate:</span>Rate of involvement of employees in entrepreneurial activities, such as developing or launching new goods or services, or setting up a new business unit, a new establishment or subsidiary </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="chartone"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. Total early-stage Entrepreneurial Activity (TEA)</li> <li>2. Established Business Ownership Rate</li> <li>3. Entrepreneurial Employee Activity Rate </li> </ul> </div> </div> <div class="data-entry-row"> <h2 class="table-title">Motivations</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/8" class="open-indicator-tooltip hidden-xs">Motivational Index</a> <a href="/data/key-indicator/8" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Motivational Index:</span>Percentage of those involved in TEA that are improvement-driven opportunity motivated, divided by the percentage of TEA that is necessity-motivated </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="charttwo"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. Motivational Index</li> </ul> </div> </div> <div class="data-entry-row"> <h2 class="table-title">Gender Equity</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/9" class="open-indicator-tooltip hidden-xs">Female/Male TEA Ratio</a> <a href="/data/key-indicator/9" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Female/Male TEA Ratio:</span>Percentage of female 18-64 population who are either a nascent entrepreneur or owner-manager of a 'new business', divided by the equivalent percentage for their male counterparts </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/10" class="open-indicator-tooltip hidden-xs">Female/Male Opportunity-Driven TEA Ratio</a> <a href="/data/key-indicator/10" class="open-indicator-tooltip visible-xs">2</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Female/Male Opportunity-Driven TEA Ratio:</span>Percentage of those females involved in TEA who (i) claim to be driven by opportunity as opposed to finding no other option for work; and (ii) who indicate the main driver for being involved in this opportunity is being independent or increasing their income, rather than just maintaining their income, divided by the equivalent percentage for their male counterparts </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="chartthree"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. Female/Male TEA Ratio</li> <li>2. Female/Male Opportunity-Driven TEA Ratio</li> </ul> </div> </div> <div class="data-entry-row"> <h2 class="table-title">Impact</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/11" class="open-indicator-tooltip hidden-xs">High Job Creation Expectation Rate</a> <a href="/data/key-indicator/11" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>High Job Creation Expectation Rate:</span>Percentage of those involved in TEA who expect to create 6 or more jobs in 5 years </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/12" class="open-indicator-tooltip hidden-xs">Innovation Rate</a> <a href="/data/key-indicator/12" class="open-indicator-tooltip visible-xs">2</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Innovation Rate:</span>Percentage of those involved in TEA who indicate that their product or service is new to at least some customers AND that few/no businesses offer the same product </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/13" class="open-indicator-tooltip hidden-xs">Business Services Sector Rate</a> <a href="/data/key-indicator/13" class="open-indicator-tooltip visible-xs">3</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Business Services Sector Rate:</span>Percentage of those involved in TEA in the 'Business Services' sector - Information and Communication, Financial Intermediation and Real Estate, Professional Services or Administrative Services, as defined by the ISIC 4.0 Business Type Codebook </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="chartfour"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. High Job Creation Expectation Rate</li> <li>2. Innovation Rate</li> <li>3. Business Services Sector Rate</li> </ul> </div> </div> <div class="data-entry-row"> <h2 class="table-title">Societal Values</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/15" class="open-indicator-tooltip hidden-xs">High Status to Successful Entrepreneurs Rate</a> <a href="/data/key-indicator/15" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>High Status to Successful Entrepreneurs Rate:</span>Percentage of 18-64 population who agree with the statement that in their country, successful entrepreneurs receive high status </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/16" class="open-indicator-tooltip hidden-xs">Entrepreneurship as a Good Career Choice Rate</a> <a href="/data/key-indicator/16" class="open-indicator-tooltip visible-xs">2</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title"> </h5> </div> <div class="tooltip-body"> <span>Entrepreneurship as a Good Career Choice Rate:</span>Percentage of 18-64 population who agree with the statement that in their country, most people consider starting a business as a desirable career choice </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="chartfive"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. High Status to Successful Entrepreneurs Rate</li> <li>2. Entrepreneurship as a Good Career Choice Rate</li> </ul> </div> </div> <h2 class="spacer">Entrepreneurial Framework Conditions</h2> <span class="spacer">Most recent data: 2023</span> <p>Expert Ratings: 1 = highly insufficient, 5 = highly sufficient</p> </article> <div class="data-tabs-plug-econ"> <div class="tab-pane-holder" role="tabpanel"> <ul class="nav nav-tabs grid-2 hidden-xs" role="tablist"> <li class="active" role="presentation"> <a href="#spider-data" onclick="" aria-controls="table-data" role="tab" data-toggle="tab">Spider</a> </li> <li role="presentation"> <a href="#graphs-data" onclick="" aria-controls="graph-data" role="tab" data-toggle="tab">Bars</a> </li> </ul> <div class="tab-content"> <div id="spider-data" class="tab-pane fade in active subcleardata" role="tabpanel"> <input id="idradardata" name="idradardata" type="hidden" value="52"> <canvas id="radarchart" class="hidden-xs" width="580" height="400"></canvas> </div> <a href="#" class="spider-image" data-toggle="modal" data-target="#exampleModal"> <img src="" id="spiderImage"> </a> <div class="modal fade" id="exampleModal" tabindex="-1" role="dialog" aria-labelledby="exampleModalLabel" aria-hidden="true"> <div class="modal-dialog" role="document"> <div class="modal-content"> <div class="modal-header spider-modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"> <span aria-hidden="true">×</span> </button> </div> <div class="modal-body"> <img src="" id="spiderModalImage"> </div> <div class="modal-footer"> <button type="button" class="btn btn-secondary" data-dismiss="modal">Close</button> </div> </div> </div> </div> <div id="graphs-data" class="tab-pane fade subcleardata" role="tabpanel"> <div> <ul class="color-index"> <li><span class="colour-one"></span>Colombia 2023</li> <li><span class="colour-two"></span>Colombia 2022</li> <li><span class="colour-three"></span>Regional Average</li> <li><span class="colour-four"></span>Income Level Average</li> <li><span class="colour-five"></span>Global Average</li> </ul> <ul class="color-index" id="tooltip" style="position:fixed; top:0; left:0; pointer-events: none;"> <li style="display:none; position:absolute;width:200px; background: rgba(255, 255, 255, 0.9);border:1px rgb(194, 194, 194) solid; border-radius:2px; padding:5px;text-align:center;"><span class="colour-one"></span>Colombia 2023</li> <li style="display:none; position:absolute;width:200px; background: rgba(255, 255, 255, 0.9);border:1px rgb(194, 194, 194) solid; border-radius:2px; padding:5px;text-align:center;"><span class="colour-two"></span>Colombia 2022</li> <li style="display:none; position:absolute;width:200px; background: rgba(255, 255, 255, 0.9);border:1px rgb(194, 194, 194) solid; border-radius:2px; padding:5px;text-align:center;"><span class="colour-three"></span>Regional Average</li> <li style="display:none; position:absolute;width:200px; background: rgba(255, 255, 255, 0.9);border:1px rgb(194, 194, 194) solid; border-radius:2px; padding:5px;text-align:center;"><span class="colour-four"></span>Income Level Average</li> <li style="display:none; position:absolute;width:200px; background: rgba(255, 255, 255, 0.9);border:1px rgb(194, 194, 194) solid; border-radius:2px; padding:5px;text-align:center;"><span class="colour-five"></span>Global Average</li> </ul> <svg class="chart"></svg> </div> </div> </div> </div> </div> </div> <div id="pb" role="tabpanel" class="tab-pane expanded fade " > <article> <p><strong>2023 POLICY ROADMAP</strong></p> <p>The Colombian economy contracted by 0.3% in the third quarter of 2023, and is expected to end the year with GDP having grown by just 1% since 2022. Inflation, though decreasing for eight straight months, has remained persistently high, leaving entrepreneurs facing a negative economic outlook alongside political uncertainty with major reforms under way.</p> <p>Colombia’s new government was implementing its strategic national plan (“Plan de Desarrollo, 2022–2027”), including measures to shift the economy away from extractive sectors towards more sustainable, knowledge-based sectors and a focus on the popular economy.</p> <p><strong>2023 Framework Conditions Review1</strong></p> <p>The overall quality of Colombia’s entrepreneurial environment had been assessed as improving from 2019 to 2021, but it faltered in 2022 and then fell again in 2023.</p> <p>In 2023, only three of Colombia’s Entrepreneurial Framework Conditions (EFCs) were rated as sufficient or better (score ≥5.0), leaving 10 as insufficient, up from eight the previous year. Moreover, six conditions were scored as poor (<4.0), with, as usual, Entrepreneurial Education at School rated lowest of all, a score that has fallen even further since 2022. This was just one of 10 conditions with a score that had declined over the year, including both finance conditions and both ease-of- entry conditions, now rated 45th among the 49 economies. The only conditions with improved scores were Government Policy: Taxes and Bureaucracy and Physical Infrastructure.</p> <p>As a result of these changes, the assessed quality of the overall entrepreneurial environment in Colombia declined from 4.5 to 4.1, much less than sufficient, and its rank fell from 28th to 37th. Just two years earlier Colombia had scored 4.7 and was ranked 23rd.</p> <p>New questions in 2023 asked experts to assess Colombia’s social support for women entrepreneurs as well as their access to resources compared to that of men. Colombia scored 3.4 for social support (31st), and better for comparative access to resources at 5.1, just better than sufficient with a rank of 24th.</p> <p><strong>2023 Entrepreneurial Activity Review</strong></p> <p>More than one in three Colombian adults reported that their household income had fallen in 2023, a substantial proportion but much better than the seven in 10 just one year earlier.</p> <p>Entrepreneurship has a high profile in Colombia, with more than seven out of 10 adults knowing someone who had started a business recently (fifth highest in GEM). A similar proportion considered themselves having the skills and experience to start their own, and six in 10 saw good opportunities to start a business locally. However, one in three of those seeing good opportunities would not start a business for fear it might fail. Despite this, nearly one in 10 of those not already starting or running a new business intended to do so within the next three years.</p> <p>The proportion of adults who were currently starting or running a new business in Colombia in 2023 was high, at just under one in four. Women were more likely than men to be starting a business, with about five women starting a business for every four men. However, the share of adults owning an established business was very low, at about one in 30, among the bottom three in GEM along with Oman and Mexico. This implied around seven people starting a new business for every person owning an established one, suggesting that serious obstacles were preventing the transition from new to established business. The evidence of the analysis section pointed to access to finance possibly being one of those obstacles.</p> <p>Four out of five new entrepreneurs agreed with the motivation to earn a living because jobs were scarce, and less than one in 10 had customers beyond Colombia. However, three in five intend to use more digital technology to sell their products in the next six months. Despite two in five of those starting or running a new business being solo entrepreneurs, with just one owner and no current employees, one in five new entrepreneurs expected to employ at least six more people over the next five years.<br /> <br /> <em>1 A brief description of the GEM approach is given in the footnote on p. 107.</em></p> </article> </div> </div> </div> </div> <div class="profile-team hide"></div> </div> <div class="profile-actions"> <div class="btn-group pull-right">  <button type="button" class="btn btn-default scrollup"> <a href="#">Scroll to the top</a> </button> </div> </div> <div class="profile-reports"> <div class="panel panel-default"> <div class="panel-heading"> <div class="title"> <h3 class="panel-title">Colombia Reports</h3> </div> </div> <div class="panel-body half-min-height"> <table class="table table-hover tablesorter"> <thead> <tr> <th colspan="2">Name</th> <th class="th-button-small sorter-false"> <button type="button" class="btn btn-link disabled"> </button> </th> </tr> </thead> <tbody> <tr> <td class="td-tooltip"> <div class="tooltip-panel-information"> <a href="/report/information/51415" class="open-panel-tooltip"> <span class="gemicon gemicon-info" aria-hidden="true"></span> </a> <div class="tooltip-information report"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title">Report information</h5> </div> <div class="tooltip-body"> <img src="https://www.gemconsortium.org/images/reports/2024/51415.jpg" alt="pdf" title="pdf" class="document-preview"> <ul class="document-info"> <li><strong>Year of publication:</strong> 2024</li> <li><strong>Category:</strong> National Reports</li> <li><strong>Language:</strong> Spanish</li> <li><strong>Upload date:</strong> 2024-07-04</li> <li><br>Según el DANE, la economía colombiana creció solamente un 0,6 % durante el 2023, obteniéndose el crecimiento más bajo en las dos últimas décadas si no se tiene en cuenta el año de la pandemia (2020). La relativamente alta inflación, la cual llevó a un aumento de las tasas de interés para su control, ha frenado la inversión y disminuido el consumo en el país. En consecuencia, algunos sectores como el industrial y de la construcción experimentaron fuertes caídas. Sumado a esto, la incertidumbre política, originada por las elecciones presidenciales del 2022, y las diferentes reformas planteadas por el nuevo gobierno han ocasionado un panorama para la actividad empresarial lleno de grandes desafíos para los próximos años. En consecuencia,según el Banco Mundial, se proyecta un crecimiento económico menor a un 2 % para la economía colombiana en el 2024.</li> <li><strong>URL:</strong> <a href="https://www.gemconsortium.org/report/51415">https://www.gemconsortium.org/report/51415</a></li> </ul> </div> </div> </div> </td> <td>Reporte GEM Colombia 2023 - 2024 </td> <td> <button type="button" file="51415" class="btn btn-default pull-right wider downloadaction on-large">Download (7.11 MB)</button> <button type="button" file="51415" class="btn-simple pull-right downloadaction on-small"><span class="gemicon gemicon-download" aria-hidden="true"></span></button> </td> </tr> <tr> <td class="td-tooltip"> <div class="tooltip-panel-information"> <a href="/report/information/51247" class="open-panel-tooltip"> <span class="gemicon gemicon-info" aria-hidden="true"></span> </a> <div class="tooltip-information report"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title">Report information</h5> </div> <div class="tooltip-body"> <img src="https://www.gemconsortium.org/images/reports/2023/51247.jpg" alt="pdf" title="pdf" class="document-preview"> <ul class="document-info"> <li><strong>Year of publication:</strong> 2023</li> <li><strong>Category:</strong> National Reports</li> <li><strong>Language:</strong> Spanish</li> <li><strong>Upload date:</strong> 2023-10-10</li> <li><br>El emprendimiento senior está suscitando una atención cada vez mayor en la investigación, la academia y los negocios (Luck et al., 2014). Sin embargo, a pesar de que existen múltiples estudios al respecto, los resultados resultan muy escasos (Figueiredo & Paiva, 2019), y en algunos casos contradictorios dados los diversos contextos. Los países que más publican sobre emprendimiento sénior son: España, Portugal, Australia, Alemania, Países Bajos, Eslovaquia, Estados Unidos y Reino Unido. En América Latina y en Colombia son escasos los estudios y por ello, la Fundación Saldarriaga Concha y el Global Entrepreneurship Monitor Colombia desarrollaron el presente estudio sobre Emprendimiento sénior: Potencial para el desarrollo económico en Colombia.</li> <li><strong>URL:</strong> <a href="https://www.gemconsortium.org/report/51247">https://www.gemconsortium.org/report/51247</a></li> </ul> </div> </div> </div> </td> <td>Emprendimiento Sénior: potencial para el desarrollo económico en Colombia </td> <td> <button type="button" file="51247" class="btn btn-default pull-right wider downloadaction on-large">Download (52.1 MB)</button> <button type="button" file="51247" class="btn-simple pull-right downloadaction on-small"><span class="gemicon gemicon-download" aria-hidden="true"></span></button> </td> </tr> <tr> <td class="td-tooltip"> <div class="tooltip-panel-information"> <a href="/report/information/51171" class="open-panel-tooltip"> <span class="gemicon gemicon-info" 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type="button" file="51171" class="btn-simple pull-right downloadaction on-small"><span class="gemicon gemicon-download" aria-hidden="true"></span></button> </td> </tr> <tr> <td class="td-tooltip"> <div class="tooltip-panel-information"> <a href="/report/information/50961" class="open-panel-tooltip"> <span class="gemicon gemicon-info" aria-hidden="true"></span> </a> <div class="tooltip-information report"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title">Report information</h5> </div> <div class="tooltip-body"> <img src="https://www.gemconsortium.org/images/reports/2022/50961.jpg" alt="pdf" title="pdf" class="document-preview"> <ul class="document-info"> <li><strong>Year of publication:</strong> 2022</li> <li><strong>Category:</strong> National Reports</li> <li><strong>Language:</strong> Spanish</li> <li><strong>Upload date:</strong> 2022-08-31</li> <li><br></li> <li><strong>URL:</strong> <a href="https://www.gemconsortium.org/report/50961">https://www.gemconsortium.org/report/50961</a></li> </ul> </div> </div> </div> </td> <td>Actividad emprendedora: Colombia un país en reactivación </td> <td> <button type="button" file="50961" class="btn btn-default pull-right wider downloadaction on-large">Download (12.8 MB)</button> <button type="button" file="50961" class="btn-simple pull-right downloadaction on-small"><span class="gemicon gemicon-download" aria-hidden="true"></span></button> </td> </tr> <tr> <td class="td-tooltip"> <div class="tooltip-panel-information"> <a href="/report/information/50891" class="open-panel-tooltip"> <span class="gemicon gemicon-info" aria-hidden="true"></span> </a> <div class="tooltip-information report"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">×</span></button> <h5 class="title">Report information</h5> </div> <div class="tooltip-body"> <img src="https://www.gemconsortium.org/images/reports/2021/50891.jpg" alt="pdf" title="pdf" class="document-preview"> <ul class="document-info"> <li><strong>Year of publication:</strong> 2021</li> <li><strong>Category:</strong> National Reports</li> <li><strong>Language:</strong> Spanish</li> <li><strong>Upload date:</strong> 2021-12-13</li> <li><br></li> <li><strong>URL:</strong> <a href="https://www.gemconsortium.org/report/50891">https://www.gemconsortium.org/report/50891</a></li> </ul> </div> </div> </div> </td> <td>Efectos de la COVID-19 en el ritmo empresarial colombiano </td> <td> <button type="button" file="50891" class="btn btn-default pull-right wider downloadaction on-large">Download (5.30 MB)</button> <button type="button" file="50891" class="btn-simple pull-right downloadaction on-small"><span class="gemicon gemicon-download" aria-hidden="true"></span></button> </td> </tr> </tbody> </table> <div class="load-more" > <button onclick="GetNextProfileReport(52)" type="button" 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class="mc-field-group"> <label for="mce-MMERGE3">Location </label> <select name="MMERGE3" class="" id="mce-MMERGE3"> <option value=""></option> <option value="United States of America">United States of America</option> <option value="Aaland Islands">Aaland Islands</option> <option value="Afghanistan">Afghanistan</option> <option value="Albania">Albania</option> <option value="Algeria">Algeria</option> <option value="American Samoa">American Samoa</option> <option value="Andorra">Andorra</option> <option value="Angola">Angola</option> <option value="Anguilla">Anguilla</option> <option value="Antarctica">Antarctica</option> <option value="Antigua And Barbuda">Antigua And Barbuda</option> <option value="Argentina">Argentina</option> <option value="Armenia">Armenia</option> <option value="Aruba">Aruba</option> <option value="Australia">Australia</option> <option value="Austria">Austria</option> <option value="Azerbaijan">Azerbaijan</option> <option value="Bahamas">Bahamas</option> <option 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name="group[24157][16]" id="mce-group[24157]-24157-3"><label for="mce-group[24157]-24157-3">South and Eastern Asia</label></li> <li><input type="checkbox" value="32" name="group[24157][32]" id="mce-group[24157]-24157-4"><label for="mce-group[24157]-24157-4">Oceania</label></li> <li><input type="checkbox" value="64" name="group[24157][64]" id="mce-group[24157]-24157-5"><label for="mce-group[24157]-24157-5">Europe (EU)</label></li> <li><input type="checkbox" value="128" name="group[24157][128]" id="mce-group[24157]-24157-6"><label for="mce-group[24157]-24157-6">Europe (non-EU)</label></li> <li><input type="checkbox" value="256" name="group[24157][256]" id="mce-group[24157]-24157-7"><label for="mce-group[24157]-24157-7">North America</label></li> <li><input type="checkbox" value="512" name="group[24157][512]" id="mce-group[24157]-24157-8"><label for="mce-group[24157]-24157-8">Latin America and the Caribbean</label></li> </ul> </div> <div id="mce-responses" class="clear"> <div 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Entrepreneurship in Colombia - GEM Global Entrepreneurship Monitor