Skip to main content

Menu top header en

  • About us
  • Entrepreneurship
  • Success stories
  • News and events
  • Blog
  • Spanish
  • English
Bogotá
GMT -5

07:42 pm

New York
GMT -5

07:42 pm

L. A.
GMT -8

04:42 pm

Tokyo
GMT +9

09:42 am

Sydney
GMT +11

11:42 am

London
GMT +0

12:42 am

Prev
Next
Inicio

Main menu en

Menu
  • Why Bogota?
      • General Facts and Figures
      • Business climate
      • Strategic location
      • Market Access from Colombia and Bogota
      • Workforce
      • Operating Environment
      • Attractive Incentives
      • Quality of Life
      • Information System for investors
      • Smart Specialization in Bogota-Region
    • Click to Benchmark
    • Close
  • Investment sectors
      • Information Technology
      • Outsourcing Industry (BPO)
      • Pharmaceutical Industry
      • Health Services
      • Medical devices
      • Food and Beverage Industry
      • Construction Materials
      • Infrastructure and City Projects
      • Creative industries
      • Cosmetics
      • Other Investment Sectors
    • Close
  • How to invest
      • How to live and work in Colombia
      • How to invest and exchange foreign currency in Colombia
      • How to start a company in Colombia
      • How to pay taxes in Colombia
      • How to import and export customs in Colombia
      • Which foreign investment incentives exist?
      • How to buy and rent property in Colombia
      • How to employ workers in Colombia
      • How is intellectual property protected in Colombia
      • How to contract with the colombian government
      • How to get access to banking in Colombia
      • How to acquire environmental licenses
      • How free economic competition is protected in Colombia
      • How a company is liquidated in Colombia
      • Doing business with medical cannabis
    • Close
  • How can we help
  • About us
  • Entrepreneurship
  • Success stories
  • News and events
    • Spanish
    • English
Home Invest in bogota
Bogotá
GMT -5

07:42 pm

New York
GMT -5

07:42 pm

L. A.
GMT -8

04:42 pm

Tokyo
GMT +9

09:42 am

Sydney
GMT +11

11:42 am

London
GMT +0

12:42 am

Prev
Next
  1. Home
  2. Why Bogota?
  3. General facts and figures of Bogota
Date
27 of February of 2018

General facts and figures of Bogota

General Facts Bogota

Privileged geographical position

One of the main attractions of Bogota is its privileged geographical position. Located in the center of the Continent and the country, the capital has an area of 1,775.98 km2 and offers a whole range of international connections. Its air terminal boasts the largest cargo transportation capacity in Latin America being considered as the best airport of South America by Skytrax ratings in 2018. 

See the Bogota’s Strategic Location section 

Market

Bogota-Region represents a market of over 11 million people, equivalent to 22% of the nation’s population (50.47 million in 2019). Its strong and diversified economy explains why it makes sense to invest in Bogota.

Learn more about Market Access of Bogota

Business Environment

Colombia's economic situation is reflected in its capital’s positive indicators. Bogota has a favorable climate for business, Fitch Ratings’ stable AAA national long-term rating and positioning in international rankings support the decision to invest. 

In 2019, Bogota GDP accounted for 31,5% of Colombia’s total, namely USD 102.05 billion. In the same year, Bogota per capita GDP reached USD 9,057, significantly higher than the USD 6,427 per capita GDP figure for the country.

Bogota-Region represents 33.1% of the country's corporations, 56% of its financial transactions and is home to a highly qualified talent pool.  In 2019 it held a 50.5% share of all of Colombia’s medium and large businesses and the 38.9% of the country’s international trade, the metropolitan region exported USD 4,493 million (FOB) and imported USD 31,409 million (CIF).

As proof of this, the number of companies with foreign capital that have decided to start operations in Bogota has doubled in the last decade, in 2018, a total of 1,504 of these companies were located in the city.

The strength of Bogota’s economy is evident in its dynamism. During part of the last decade, the city’s economic growth outpaced Latin America’s. In fact, in 2019 the Colombian capital’s economy grew by 3.6% and the unemployment rate stood at 10.9%.

The city’s solid economic performance is reflected in the outstanding stability of its prices. Bogota has one of the lowest inflation rates among the most important cities in Latin America. In 2019 it was 3.49%, considerably lower than cities such as Buenos Aires, Rio do Janeiro and Sao Paulo.

 

Foreign investment

Bogota-Region is a business-friendly city that offers investors one of the best entrepreneurial environments in Latin America. According to the latest World Bank analysis, Bogota is the third city of Latin America for easiness in conducting business. 

Flows of foreign direct investment (FDI) to Colombia have performed remarkably well throughout the last decade. The historical peak in 2013, when FDI broke the barrier of USD 16,000 million, is proof of this.

 

Updated (mm/dd/yyyy): 11.05.2020

 

Why Bogota?

General facts and figures of Bogota

Business Climate in Colombia and Bogota-Region

Strategic Location of Bogota

Market Access from Colombia and Bogota

Workforce in Bogota

Operating Environment in Bogota

Attractive Incentives in Bogota

Quality of life in Bogota

Investor Information System

Smart Specialization in Bogota-Region

Related files
Bogota, a growing business hub Formato PDF 1026 MB Español
Bogota's Fact Sheet 2019

Need more information?

Contact Invest in Bogota to receive all the information and advice you need to invest in Bogota and Colombia.

Contact us

Related content

    1. business climate
      Business Climate in Colombia and Bogota-Region
    2. Strategic Location of Bogota
    3. Market Access from Colombia and Bogota
    4. Quality of life in bogota, Climate, Culture, Nightlife, Public Transport
      Quality of life in Bogota
Visit us

Calle 67 #  8 - 32/44, 4th Floor.

Bogota, Colombia.

Call us

+57 031 742 30 30

Write us

info@investinbogota.org

Follow us
  • Twitter
  • facebook
  • LinkedIn
  • youtube
  • Instagram

Leave us your data and download the file for free!

I accept the terms and conditions of the Personal Data Protection Law. More information here: https://en.investinbogota.org/Disclaimer
Items Imagen link
Invest in Bogotá
Items Imagen link
Bogotá
:

An initiative of:

Items Imagen link
Cámara de comercio
Alcaldia de Bogota

menu bottom footer en

  • About Invest in Bogota
  • Invitations
  • Transparence law
  • Disclaimer
  • City Brand

All rights reserved Invest in Bogotá 2018