Statement:
It is harder to do business in Panama than in Colombia
In the Ease of Doing Business rating
Panama holds position #66 2020
out of 181 and Colombia is #51 out of 181 2020.
Position of Panama is worse than position of Colombia.
Referencies:
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Ease of Doing Business 2020 by World BankThe countries in the rating sorted by 'Score' in descending order.
Colombia 'Score' value is 70.1 Panama 'Score' value is 66.6