Growing Market: Colombia has the third largest labor force in the region and the second largest among the Spanish speaking countries. Bogota concentrates 25% of the total labor force followed by Antioquia with 14%, Valle 10%, Atlántico 5%, and Santander 5%.
Labor Force in Latam, 2017 (Million)
Labor Force in Colombia by Regions, 2017
- Human Capital: In Bogota, there is a population of approximately 84,000 graduates of engineering professionals related to the IT sector. Consequently, the labor market of Bogota, over 4,6 million people, is constantly strengthened, generating a greater scalability potential for IT operations in the city. Additionally, Bogota concentrates 71% of bilingual talent within the Colombian labor market.
Graduate students in Systems & Telematic Engineering and similar in Colombia 2001-2016
Bilingualism in Colombia - 2015
- Cost structure: The IT industry in Bogota offers an excellent cost-benefit ratio for wages when compared to other Latin-American cities.
Average Salary for IT operations in Bogota USD 2016
- Strategic Location: According to the World Competitiveness Yearbook -IMD. Colombia was the first country in Latin America and one of the 10 countries in the region with the highest investment in Telecommunications. Additionally, three submarine cables have come into operation during the last year, completing access to 10 submarine cables. This is a remarkable figure when considering the five existing in 2010.
Bogota's IT Sector
81% of the medium and large IT companies in Colombia are in Bogota.
Concentration of the IT sector
- During 2015 and 2016 the IT sector had experienced a growth of 40%, becoming a promising sector in the Colombian economy.
If you need more detailed information, find in the lower part the information of our investment officers in charge of this sector.
Updated (mm/dd/yyyy): 01.12.2021