A Large Market with Broad Access to International Markets

Companies located in Bogota have direct access to the US$309 billion Colombian market - one of the largest, most dynamic markets in Latin America.

Colombia: a Large and Dynamic Emerging Market

Colombia is the third most populous country in Latin America, home to more than 49 million potential consumers.

Population of Selected Countries in Latin America (2017)

Colombia is the fourth largest market in Latin America after Brazil, Mexico, and Argentina. 

GDP Latin America (2017)

In the past decade, Colombia’s market has been growing faster than the rest of Latin America. 

Comparison between GDP Growth in Colombia and Latin America (2008-2017)

Source: DANE, Quarterly accounts, International Monetary Fund, World Economic Outlook Database, October 2018

Bogota: an Attractive Market

Bogota Region has a population of 10.8 million people and a GDP of US$101,7 billion, larger than that of many countries in Latin America.

Bogota GDP vs. LATAM Countries GDP (2017)

Source: International Monetary Fund projections, World Economic Outlook Database, Abril 2018; DANE. Process Invest in Bogota

In the past decade, Bogota’s GDP growth has outpaced Colombia and Latin America most of the time.
 

GDP Growth in Bogota*, Colombia and Latin America (2008 - 2017)

Access to International Markets

Thanks to the different Free Trade Agreements (FTAs) in operation, companies based in Bogota have access to an extended market of more than US$43 trillion and 1.570 billion inhabitants.

Free Trade Agreements in Operation
 

FTAs Negotiated and Pending of Ratification

FTAs Currently Being Negotiated
 

Double Taxation Agreements in Operation

Bilateral Investment Treaties in Operation

Source: Ministry of Foreign Affairs of Colombia.

Updated: (mm/dd/yyyy) 11.26.2018