Enforcing contracts: Cost in Colombia
Colombia: Enforcing contracts: Cost was 45.8% in 2019. ▼ Falling
Enforcing contracts: Cost in Colombia, 2003–2019
Source: World Bank. Measured in % of claim.
Analysis
The most recent figure for enforcing contracts: cost in Colombia is 45.8%, measured in 2019. That is the lowest value across all 17 years on record.
That represents a change of down 4.4% over ten years.
Over the whole period, enforcing contracts: cost in Colombia peaked at 47.9% in 2003 and was at its lowest, 45.8%, in 2014.
That places Colombia 28th out of 191 countries with data for 2019, putting it in the top quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Enforcing contracts: Cost in Colombia, year by year
| Year | % of claim | Change |
|---|---|---|
| 2003 | 47.9% | — |
| 2004 | 47.9% | +0.0% |
| 2005 | 47.9% | +0.0% |
| 2006 | 47.9% | +0.0% |
| 2007 | 47.9% | +0.0% |
| 2008 | 47.9% | +0.0% |
| 2009 | 47.9% | +0.0% |
| 2010 | 47.9% | +0.0% |
| 2011 | 47.9% | +0.0% |
| 2012 | 47.9% | +0.0% |
| 2013 | 47.9% | +0.0% |
| 2014 | 45.8% | -4.4% |
| 2015 | 45.8% | +0.0% |
| 2016 | 45.8% | +0.0% |
| 2017 | 45.8% | +0.0% |
| 2018 | 45.8% | +0.0% |
| 2019 | 45.8% | +0.0% |
Colombia compared with similar countries
- Colombia's 45.8% is above the median for upper middle income countries, which is 28.8%, 1.6× the median. (56 countries reporting)
- Colombia's 45.8% is above the median for Latin America & Caribbean, which is 30.0%, 1.5× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 47.9% | 47.9% | 47.9% | 7 |
| 2010s | 46.6% | 45.8% | 47.9% | 10 |
Countries ranked near Colombia
- 25 Kyrgyzstan 47.0% compare
- 26 Cameroon 46.6% compare
- 27 Ukraine 46.3% compare
- 29 Chad 45.7% compare
- 29 United Kingdom 45.7% compare
- 31 Sao Tome and Principe 45.6% compare
More reference data data for Colombia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 2.92 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 11.17 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 19.02 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.4113 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 19.02 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 9.81 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 2.67 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 61.25 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 94.56 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 2.24 (2050)
Frequently asked questions
- What is enforcing contracts: cost in Colombia?
- Enforcing contracts: cost in Colombia was 45.8% in 2019, according to the World Bank.
- What is the highest enforcing contracts: cost recorded in Colombia?
- The highest recorded value was 47.9% in 2003.
- What is the lowest enforcing contracts: cost recorded in Colombia?
- The lowest recorded value was 45.8% in 2014.
- How does Colombia rank for enforcing contracts: cost?
- Colombia ranks 28th out of 191 countries with data for 2019.
- Is enforcing contracts: cost rising or falling in Colombia?
- Over the last ten years it is down 4.4%. The long-run trend across the full record is falling.
- Where does this Colombia data come from?
- The figures come from the World Bank, published as part of Enforcing contracts: Cost (% of claim). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account.