Capital city Bogota is Colombia’s main economic engine. The capital generated almost 27% of Colombia’s entire gross domestic product (GDP) in 2017. It’s population exceeded 8 million residents in 2016, not including re rest of the vast urban conglomerate.
Bogota’s socio-economic profile
Bogota GDP per sector
Bogota’s economy is mainly based on the service sector, and benefits from its prominent role in being home to the country’s political. What would be the city’s industry has largely moved to the surrounding Cundinamarca province.
Source: DANE | More GDP data and statistics
Bogota’s GDP per sector
Bogota’s developing economy has mainly been beneficial for the city’s financial sector, largely controlled by Grupo Aval of the country’s richest man, Luis Carlos Sarmiento.
Source: DANE | More GDP data and statistics
Bogota GDP growth
Compared to the country’s provinces, Bogota’s economy has been consistently growing faster. In 2017, the capital’s economy grew an impressive 8% while the national economy grow only 1.8%, according to statistics agency DANE.
Source: DANE | More data on Colombia’s GDP
Bogota GDP per capita
Bogota’s GDP per capita has been similar to the global average, but considerably higher than that of the country. In 2017, the capital’s GDP per head was 60% higher than Colombia’s average.
Source: DANE | More data on Colombia’s GDP
Bogota income per capita
Bogota has the highest income per capita, the average income per person, of all Colombia’s cities.
(Source: DANE) | More data on Bogota
Bogota inflation rate
Bogota’s 2017 inflation rate was slight higher than Colombia’s average of 4.06, Over the past decade, Bogota rate rate is very similar to that of the national average.
Source: DANE | More data on inflation in Colombia
Bogota unemployment rate
Colombia’s 2017 unemployment rate was again higher than the national average, despite efforts of a series of socialist mayors to generate more employment after years of mass displacement to the city.
Source: DANE | More data on labor and unemployment in Colombia
Bogota’s social stratification
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: municipal databases | More data on poverty and inequality in Colombia
Bogota poverty rate
Bogota’s poverty rate has been rising over the past few years and reached 2.4% in 2017. This is considerably lower than the national average of 7.4%.
Source: DANE | More data on poverty and inequality in Colombia
Bogota GINI coefficient
Bogota’s GINI coefficient, which measures income equality, dropped to 49.8% following successive national government policies to reduce Colombia’s extreme poverty.
Source: DANE / CEPAL | More data on poverty and inequality in Colombia
