• Population 49,661,056
  • Area (km2) 1,141,749
  • GDP per capita (USD) 6,716.91
  • TPES (Mtoe) 38.86
  • Energy intensity
    (toe/103 2010 USD)
  • CO2 emissions - energy (MtCO2) 73.1

Colombia’s overall risk level against
the assessed areas is low.

While Colombia has the relevant policies and measures in place, there is potential for improvement. Attention should be given to strengthening the country’s institutional governance and the robustness of its policy goals and commitments.

risk level

Of the three risks assessed in EIRA, breach of State obligations is lower compared to discrimination between domestic and foreign investors and unpredictable policy and regulatory change.
  • 34%
    Unpredictable policy and regulatory changes
  • 32%
    Discrimination between foreign and domestic investors
  • 31%
    Breach of state obligations

indicator performance

Colombia has a good performance on all the EIRA indicators. Its score on rule of law has improved by two points, from 67 to 69, making it the highest-scoring indicator this year. Following this is the indicator regulatory environment and investment conditions at 68. On management of decision-making processes, its score is 67, up by two points from last year. On the indicator foresight of policy and regulatory change, its performance has improved by five points and stands at 63.

Sub-indicator performance

On a more detailed level, Colombia’s overall sub-indicator performance is good. The highest-scoring sub-indicator is transparency at 84, up by three points compared to EIRA 2020. Its score on management and settlement of investor-State disputes has improved by five points and stands at 80, the same as restrictions on FDI. Its performance on the sub-indicator communication of vision and policies has also improved, from 65 to 75. It has received the same scores as in EIRA 2020 on respect for property rights (58) and regulatory effectiveness (56). The lowest-scoring sub-indicators continue to be robustness of policy goals and commitments and institutional governance, with 50 points each.