Country summary
Colombia's overall ranking dropped 25 places to 39th out of 43 countries, even though the city of Medellin emerged as one of the world's hotspots for entrepreneurs.
Selling to government and business became more difficult compared with 2016, dropping 30 and 33 places to 42nd and 35th place respectively.
Expert view
“It’s really hard to be a social entrepreneur in Colombia even though the country is promoting social entrepreneurship. The sponsors and public institutions still don’t understand really well the concept of social enterprises.”