Important information about Covid-19

The National Institute of Health, a technical scientific authority that develops and manages scientific knowledge in public health and biomedicine to help improve people's health conditions, is the entity responsible for monitoring the figures of the evolution of Covid-19 in Colombia. If it is on your interest to learn more about the evolution of the virus in the country , we invite you to review the available statistics.

In addition, Bogotá has a website where you can find updated and characterized information about the virus cases evolution in te city.

Check it out here

 

General facts and figures

 

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. El Dorado airport is the first airport in Latin America to be recognized in the Covid-19 airport security classification with 5 stars, due to its high standards of cleaning and disinfection, best hygiene practices and compliance with biosecurity protocols. In addition to being the first airport in the world to be certified as a Leed Platinum building in operation and maintenance of existing buildings, version 4.1, awarded by the U.S. Green Building Council.

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 (50.37 million in 2020). 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, the long-term rating in foreign and local currency granted by Fitch Ratings and the positioning in international rankings support the investment decision.

In 2020, Bogota GDP accounted for 32% of Colombia’s total, namely USD 87.297 billion. In the same year, Bogota per capita GDP reached USD 7,946, significantly higher than the USD 5,396 per capita GDP for the country.

Bogota-Region represents 31% of the country's corporations, 52% of its financial transactions, and 36.4% of the country’s international trade, the metropolitan region exported USD 3,094 million (FOB) and imported USD 25,582 million (CIF).

In addition, the number of companies with foreign capital that have decided to start operations in Bogota has increased by more than 200 in the last 10 years; in 2020, a total of 1,305 of these companies were in the city.

The strength of Bogota's economy is evident in its dynamism. During part of the last decade, the city's average economic growth was higher than that of Latin America. 

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 2020, inflation was 1.17%, below cities such as Buenos Aires and Rio de Janeiro.

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): 08.23.2021