Colombia—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #19 of 116Updated April 2026
Latest Value
39 years
2023
YoY Change
-12.7%
2017 → 2023
Global Rank
#19
of 116 countries
Maximum
45 years
2017
Minimum
26 years
2010
CAGR
+2.0%
4 years
Last
39 years
Previous
45 years
Highest
45 years
Lowest
26 years
Source
World Bank World Development Indicators
Colombia's average firm age (years) was 39 years in 2023, ranking #19 out of 116 countries. This represents a -12.7% change from 2017. Over the past 4 years, the highest recorded value was 45 years (2017) and the lowest was 26 years (2010). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 39 years | -12.7% |
| 2017 | 45 years | +76.1% |
| 2010 | 26 years | -9.2% |
| 2006 | 28 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.