Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Value of closed PPP infrastructure deals
In the Americas, Colombia has the second highest values of closed infrastructure deals with foreign equity sponsorship at 0.52% of GDP. A high value may reflect a recent track record of completing PPPs but going forward could be impacted by the COVID-19 pandemic.
Financial stability
Colombia is third among Upper Middle Income Countries on financial stability. A stable financial system facilitates the smooth flow of funds between infrastructure assets and investors. The long-term impacts of the COVID-19 pandemic is a concern.
Preparation of PPPs
At 90, Colombia ranks third on the preparation of PPPs among all InfraCompass 2020 countries. Good practices at the preparation stage helps to ensure that a decision is justified and that the procuring authority is ready to initiate the procurement process.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Activity:
Value of closed PPP infrastructure deals
Financial markets:
Financial stability
Planning:
Preparation of PPPs
Opportunities to Grow
Stocks traded
Colombia traded stocks worth 4.1% of GDP in 2019, far below the Upper Middle Income Countries’ average of 25%. As this indicator measures the liquidity of equities, it is important to infrastructure investors to know they can exit investments at appropriate points.
Long term GDP growth trend
Colombia’s long-term GDP growth trend has decreased from a peak of 4.8% in 2014 to 3.5% in 2019. Combined with the uncertain impact of the COVID-19 pandemic, this low growth trend may hamper Colombia’s ability to borrow and build more infrastructure.
Effect of taxation on incentives to invest
At 25.1 Colombia’s score is significantly below the Upper Middle Income Countries’ average score of 41. Colombia has some measures in place to promote investment, however, it could be improved. A low score could discourage investment and affect the competitiveness of the market.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Financial markets:
Stocks traded
Funding capacity:
Long term GDP growth trend
Regulatory frameworks:
Effect of taxation on incentives to invest
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Colombia
Upper-middle Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
6,159 USD
Population51.0 million persons
64.3 (0-100 best)
Infrastructure investment2.5% of GDP
Infrastructure gap0.9% of GDP
327.9 USD billion
GDP growth rate3.4%
GDP per capita growth rate-2.0%
Gini coefficient49.7 (0-100 worst)
Gross Government Debt51.0% of GDP
Inflation rate3.6%
Summary credit rating58.0 (0-100 best)
Unemployment rate9.2%
Urbanisation ratio81.0% of total population
Road connectivity65.4 (0-100 best)
3.4 (1-7 best)
Efficiency of train services1.7 (1-7 best)
Efficiency of air transport services4.5 (1-7 best)
Efficiency of seaport services4.1 (1-7 best)
Electricity access97.0% of population
Electricity supply quality9.1% of output lost
Exposure to unsafe drinking water19.5% of population
Reliability of water supply4.9 (1-7 best)
Digital Adoption Index0.6 (0-1 best)
Mobile-broadband subscriptions52.3 per 100 population
Fixed-broadband Internet subscriptions13.4 per 100 population