General facts and figures of Bogota

Bogota is Colombia’s engine

Colombia

1. DANE, National and regional population forecast 2018-2050.
2. DANE, Regional accounts. GDP current prices. Due to the availability of information, the data corresponds to the GDP of Bogotá.
3. DANE, Labor Market statistics
4. DANE, International trade statistics.
5. Rating assigned by Fitch Ratings for long-term debt of Bogotá relative to other issuers within the country.
6. Process Invest in Bogota based on DANE, population forecast.
7. Process Invest in Bogota based on DANE, Regional accounts, GDP current prices. This calculation includes services such as: electricity, gas and water services; trade, restaurants and hotel services; transportation, storage and communication services; financial, real state and insurance; social and personal services; professional services and artistic activities, entertainment and recreational services.
8. Share of export and import of Bogotá and Cundinamarca in Colombia´s total export and import. Invest in Bogotá process based on statistics of international trade of DANE.
9. Bogotá Chamber of Commerce Observatory.

10 Moody’s long-term credit rating for Colombia. Baa2 ratings are subject to moderate credit risk. This grade denotes grade of investment 

11 Area: Agustín Codazzi Geographic Institute.

Privileged geographical position

One of the main benefits of Bogota is its privileged geographical position. Located in the center of the continent and the country, the capital city has an area of 1,618 km2 and Cundinamarca has an area of 23,964 km2. In 2022, El Dorado airport was classified by Skytrax as the best airport in Latin America, offering a wide range of international connections. Similarly, the El Dorado airport has the largest air cargo capacity in the region. In 2022, it transported more than 700 thousand tons, surpassing the airports of cities such as Sao Paulo, Mexico City and Santiago de Chile. 

Market

Bogota Region has a market of over 11 million people, accounting for 21.7% of the nation’s population (51,7 million in 2022). 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 landscape is reflected in its capital’s positive indicators. Bogota has a favorable business climate. In 2022, Bogota’s GDP accounted for 26.7% of Colombia’s total, namely USD 95 billion. In 2022, Bogota Region’s GDP per capita reached USD 12.117, significantly higher than the USD 6,800 per capita GDP of the country.

As of 2022, the metropolitan Region accounted for 26.5% of the companies created in Colombia, 55.2% of its imports, and 17.8% of its exports. During 2022, Bogota Region exported USD 6,794 million (FOB) and imported USD 42,703 million (CIF). 

In addition, the number of companies with foreign capital that have decided to start operations in Bogota has increased and by 2022, a total of 1.712 of these companies were in the city. 

The strength of Bogota’s economy is evident in its dynamism. During the last five years, the city’s average economic growth was higher than that of Latin America. In 2022, Bogota’s economy grew 9.9%, while Latin America grew 4.0% on average.

Learn more about Business Enviroment

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 2022, when FDI broke the barrier of USD 17 billion, is proof of this

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Mauricio Romero

Strategic Support Manager | mromero@investinbogota.org

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