A Large Market with Broad Access to International Markets

Companies located in Bogota have direct access to the US$323,777 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 nearly 50 million potential consumers. 

Population of Countries in Latin America (2019)

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

GDP of Countries in Latin America (2019)

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

GDP Growth in Bogota*, Colombia and Latin America* (2005 - 2019)

Bogota: an Attractive Market

Bogota has a population of 8 million people and a GDP of US$ 82.7 billion, larger than that of many countries in Latin America.  

Bogota GDP vs. LATAM Countries GDP (2019)

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$51 trillion and 1,600 million inhabitants.

Free Trade Agreements in Operation

FTAs Subscribed

FTAs Currently Being Negotiated

Double Taxation Agreements in Operation

Bilateral Investment Treaties in Operations

Updated: (mm/dd/yyyy) 08.24.2020