Medellin

Medellin (Photo: Rogier Klappe)

Medellin is Colombia’s second largest city and, together with the surrounding Antioquia province, makes up 13.9% of the country’s economy.

 


Skip to

Summary | Maps | Socio-economics | Places to go | Things to do


 


Skip to

Summary | Maps | Socio-economics | Places to go | Things to do


 


Skip to

Summary | Maps | Socio-economics | Places to go | Things to do


Medellin’s GDP per sector

Reliable data on Medellin’s GDP and the sectors that are active in the economy do not exist, because statistics agency DANE only analyzes municipal economic activity in Bogota.

The city’s economy is intimately tied to that of the surrounding Antioquia province, which is analyzed by the national government’s statisticians.


Antioquia GDP statistics


Medellin’s business environment

Medellin is widely recognized for its entrepreneurial spirit. However, only a small minority of the city’s registered businesses has a business worth more than $13,000 in 2017. The majority of businesses are considered “micro businesses” and almost half of Medellin’s businesses are not registered.

Source: Medellin Chamber of Commerce


Medellin GDP growth

Medellin’s estimated economic growth has been similar to the national average.

Source: DANE / World Bank | More data on Colombia’s GDP


Income per capita in Medellin

Medellin’s income per capita, the annual average income, is considerably higher than the average of the country’s 13 largest cities.

Source: DANE | More data on labor and unemployment in Colombia


Inflation in Medellin

Medellin’s inflation rate has been virtually the same as that of Colombia.

Source: Central bank | More on inflation in Colombia


Medellin’s unemployment rate

The 2018 unemployment rate of Medellin’s metropolitan area reached almost 12% after a steady increase that followed a historic low in 2015.

Source: DANE | More data on labor and unemployment in Colombia


Medellin poverty rate

Medellin’s poverty rate increased for the first time in 2018 after more than a decade of steady decline. Still, poverty levels are half of Colombia’s national average.

Source: DANE | More data on poverty and inequality in Colombia


Medellin’s GINI coefficient

Medellin’s GINI coefficient, which measures the level of income inequality, increased dramatically in 2018 after hitting a record low in 2017.

Source: DANE / CEPAL | More data on poverty and inequality in Colombia


Medellin’s stratified social classes

Colombia’s government uses social stratification to determine citizens’ rights to government subsidies on public utilities. The system, however, is criticized as its traditional class system allows employers and banks to discriminate based on social class.

Source: Fenalco | More data on poverty and inequality in Colombia


Social stratification per neighborhood

The social stratification in Medellin is not linked to income, but determined by the neighborhood you live in. Residents in lower-ranked sectors receive a subsidy on public utilities while those living in the higher-ranked neighborhoods pay extra.

Source: Medellin Housing Secretary


Quality of life in Medellin

Despite having introduced social stratification in the 1990s already, Medellin’s 2017 report on the quality of life registered hardly an impact of residents’ quality of life.

Source: Medellin Cómo Vamos

 


Skip to

Summary | Maps | Socio-economics | Places to go | Things to do


As far away from El Poblado as possible

Up one of the many hills

The escalators in Comuna 13

 


Skip to

Summary | Maps | Socio-economics | Places to go | Things to do


Take the downtown walking tour

Listen to 10″ records at Salon Malaga

(Image: Patrimonio Medellin)

Watch how the city turns into one giant Christmas tree over dinner

Have a beer at the modern art museum

Related posts

Cali

Bogota