A new Financial Times report says that five of the top ten South American regions for foreign direct investment are in Colombia.
The report, carried out by FDi Intelligence, looked at economic potential, human capital, cost effectiveness, business friendliness and FDI strategy.
Brazil came out top overall in the study, with Sao Paolo in first place, and Santiago and Rio de Janeiro taking second and third place respectively. Bogotá was 5th overall and Colombian states Atlántico, Bolívar, Valle del Cauca, Risalda and Santander all placed in the top ten in terms of FDI strategy.
Areas where Colombia did not score as highly on the test were economic potential and infrastructure, failing to place in the first category and coming 10th in the second. Bogotá was first of all the Latin American states in terms of business friendliness.