General facts and figures of Bogota (2021)

I. General facts
Population (2021)¹	11.2 million
GDP (2021)²	USD 99 billions
Economic Growth (2021)	11.1%
GDP per capita (2021)*	USD 8,844
Inflation (2021)*	4.62%
Unemployment rate (2021) ^3*	16%
Exports (2021)⁴	USD 5,360 million (FOB)
Imports (2021)⁴	USD 34,593 million (CIF)
National long term rating – Fitch Ratings^5*	BB+
Área*	1,775.98 Km2

Bogota is Colombia’s engine

II. Region of Bogotá in Colombia
Share in Colombia population (2021)⁶
21.9%
Share in Colombia’s total GDP (2021)^2*
28%
Share in Colombia’s industrial GDP (2021)^7*
17.9%
Share in Colombia’s services GDP (2021)^7*
32.0%
Share in Colombia’s international trade (2021)⁸
39.1%
Share in the national total of companies registered and renewed (2021)⁹
28%

Colombia

III. Colombia
Population (2021)¹
51 million
GDP (2021)²
USD 351 billion
GDP per capita (2021)
USD 6,158
Exchange rate (September 2022)
COP$ 4,026/ USD
Bond credit rating – Moody’s
Baa2 Stable
Currency
Peso – COP$

*Bogotá D.C data
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
Sources: DANE, population forecast; DANE, Regional Accounts; DANE, Quarterly accounts; DANE, Consumer Price index; DANE, Integrated Household survey; Legiscomex; Confecámaras; Central Bank of Colombia Colombia; District Treasury of Finance; Fitch Ratings; Moodys.

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 that has been certified as a Leed Platinum building in operation and maintenance of existing buildings, in its version 4.1, granted by the United States Green Building Council. Similarly, the El Dorado airport has the largest air cargo capacity in the region. In 2021, it transported more than 700 thousand tons, surpassing the airports of cities such as Sao Paulo and Mexico City.

Market

Bogota-Region represents a market of over 11 million people, equivalent to 22% of the nation’s population (51 million in 2021). 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. In 2021, Bogota’s GDP accounted for 25% of Colombia’s total, namely USD 79.47 billion. In 2021, Bogota Region per capita GDP reached USD 10.144, significantly higher than the USD 6,158 per capita GDP for the country.

In 2021, the metropolitan Region represents 28% of the country’s corporations, 52% of its financial transactions, and 39.1% of the country’s international trade, the metropolitan Bogota Region exported USD 5,360 million (FOB) and imported USD 34,593 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 2021, a total of 1,295 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. In 2021, the economic region grew 10.3%, while Latin America was growing around 6.2%.

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 2021, inflation was 4.62%, below cities such as Buenos Aires and Rio de Janeiro.

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 2013, when FDI broke the barrier of USD 16,000 million, is proof of this.