Local time in Bogotá -
The weather in Bogotá 16°C light rain

Stats about City

Datasource Colombia Netherlands Updated
Economic Growth (GDP Growth) World Bank + 0.74 % 2019 vs 2018 - 0.68 % 2019 vs 2018 19-03-2021
Gross Domestic Product (GDP) World Bank - 9.95 $ 2019 vs 2018 (billions) - 6.99 $ 2019 vs 2018 (billions) 19-03-2021
Ease of doing business index World Bank + 0.82 Ranking 2019 vs 2018 + 0.01 Ranking 2019 vs 2018 19-03-2021
Gross National Income (GNI) World Bank + 16.86 $ 2019 vs 2018 (billions) + 36.35 $ 2019 vs 2018 (billions) 19-03-2021

Facts and Figures Colombia

Capital Bogotá (9.770.000 inhabitants)
Other major cities Medellín (3,934,000 inhabitants) and Cartagena (1,047,000 inhabitants)
Average age 28.9 years (55% are younger than 30)
Surface area 1,141,749 km² – 2017
Population 48.700.000 inhabitants – 2016
Time difference -7 hours on Dutch summer time and -6 hours on Dutch winter time
Currency Colombian peso (COP)
Head of State President Ivan Duque Marquez
Language Spanish

Sectors with opportunities

Agriculture and Agrifood The agricultural sector provides employment to almost 5 million people and is considered to be the engine for the future growth of the Colombian economy.
Life Science & Health Colombia has a Managed Competition health care system, just like the Netherlands. Most hospitals are private in Colombia and many private hospitals are now planning to expand / build new hospitals and are looking for innovative advanced technology and design from countries such as the Netherlands.
Infrastructure, transport & logistics Colombia is lagging behind in the field of infrastructure, such as roads, highways and railways. The lack of modern infrastructure costs the country one to two growth points per year and depresses the competitiveness of the economy. According to DNP figures, substantial infrastructure investments will be made between 2010 and 2020.
Water and environmental technology Colombia has a problem in the water sector due to the high degree of fragmentation. It is one of the richest countries in the field of water resources, but due to the lack of infrastructure they have not been able to manage the economic water scarcity. The country is urgently looking for innovative solutions.
Food processing Colombia is a net importer of food processing ingredients, hence there are plentiful export opportunities. There is a growing domestic demand for higher quality confectionery products and ingredients for the country’s growing chocolate industry.
Food retail In recent years, foreign retail chains have developed a significant presence in Colombia, opening more stores in the country. This offers ample of opportunities for Western companies.

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Lise Hordijk International Business Manager