Enforcing contracts: Time in Colombia

Colombia: Enforcing contracts: Time was 1,288 days in 2019. ▼ Falling

Latest (2019)
1,288 days
Change on year
unchanged
World rank
13th
of 188 countries
All-time high
1,510 days
in 2003
All-time low
1,288 days
in 2013
Years of data
17
2003–2019

Enforcing contracts: Time in Colombia, 2003–2019

05001.0k1.5k2003201120192003: 1.5k days2004: 1.3k days2005: 1.3k days2006: 1.3k days2007: 1.3k days2008: 1.3k days2009: 1.3k days2010: 1.3k days2011: 1.3k days2012: 1.3k days2013: 1.3k days2014: 1.3k days2015: 1.3k days2016: 1.3k days2017: 1.3k days2018: 1.3k days2019: 1.3k days

Source: World Bank. Measured in days.

Analysis

The most recent figure for enforcing contracts: time in Colombia is 1,288 days, measured in 2019. That is the lowest value across all 17 years on record.

The figure is down 4.3% over ten years.

Over the whole period, enforcing contracts: time in Colombia peaked at 1,510 days in 2003 and was at its lowest, 1,288 days, in 2013.

That places Colombia 13th out of 188 countries with data for 2019, putting it in the top 10%.

The long-run direction has been consistently falling across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 1,369 days 1,346 days 1,510 days 7
2010s 1,305 days 1,288 days 1,346 days 10

Countries ranked near Colombia

  1. 10 Sri Lanka 1,318 days compare
  2. 11 Liberia 1,300 days compare
  3. 12 Angola 1,296 days compare
  4. 14 East Timor 1,285 days compare
  5. 15 Sao Tome and Principe 1,185 days compare
  6. 16 Gabon 1,160 days compare
  7. 16 Myanmar 1,160 days compare
  8. 16 Slovenia 1,160 days compare

See the full ranking of 190 places →

More reference data data for Colombia

All data for Colombia →

Frequently asked questions

What is enforcing contracts: time in Colombia?
Enforcing contracts: time in Colombia was 1,288 days in 2019, according to the World Bank.
What is the highest enforcing contracts: time recorded in Colombia?
The highest recorded value was 1,510 days in 2003.
What is the lowest enforcing contracts: time recorded in Colombia?
The lowest recorded value was 1,288 days in 2013.
How does Colombia rank for enforcing contracts: time?
Colombia ranks 13th out of 188 countries with data for 2019.
Is enforcing contracts: time rising or falling in Colombia?
Over the last ten years it is down 4.3%. 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: Time (days). 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

Indicator
Enforcing contracts: Time (days)
Unit
days
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

The time to enforce contracts is recorded in calendar days, counted from the moment plaintiff decides to file the lawsuit in court until payment. The average duration of the following three different stages of dispute resolution is recorded: (i) filing and service, (ii) trial and judgment, and (iii) enforcement.