Economic growth

The Gross Domestic Product is the total value of goods and services produced in a period of time, measured on a quarterly and annual basis. It is the most important indicator to measure the performance of the Bogota economy, at a general level and for all its sectors.

In the third quarter of 2025, Bogotá’s GDP grew by 4.6%, a figure lower than the 3.8% recorded for Colombia’s GDP in the third quarter; Bogotá’s GDP increased by 2.4 percentage points compared to the third quarter of 2024, when the city grew by 2.2%.

*Data for Bogotá is available for the third quarter of 2025.

The DANE released GDP figures by department for 2024. The results showed that Bogotá and Cundinamarca accounted for 31.5% of total national output in 2024. They also showed that the region’s growth rate was 1.8% compared to 2023, while Colombia’s was 1.6%.

• Wholesale and retail trade activities, public administration and defense, and real estate activities are the activities with the highest relative importance with respect to gross value added for 2023, participating with 25.40%, 17.63%, 12.68% in Bogota.

• Agriculture and mining and quarrying activities are the least important contributors to the city's value added, with shares of 0.01% and 0.17%, respectively.

* The relative importance is calculated on the value added, which is the GDP excluding taxes. Only in the case of this participation, the analysis is made in current prices. *Data for Bogota are available for the third quarter of 2025. Source: DANE, SDDE.

In May 2026, the ISE rose by 0.7% compared with April 2026, when it had increased by 0.3%.

Source: DANE, ISE, May 2026.

In May 2026, the sectors that showed the highest annual increase in the ISE were Public Administration and Defense (10.5%) and Electricity, Gas, Steam, and Air Conditioning Supply (5.8%). In contrast, the sectors that recorded the lowest growth were Manufacturing and Construction, which posted an annual increase of 0.5% during the analysis period.

Source: DANE, ISE, May 2026.

In May 2026, industrial production decreased -0.4%, compared to May 2025. Real sales decreased 3.8% and employed personnel fell 0.5%.

Source: DANE, EMMET, May 2026.

In Bogota, the variation in real production was lower compared to the national total, presenting a reduction of -4.3%, sales showed a fall of -3.8% and employment a fall of -2.2%.

Source: DANE, EMMET, May 2026.

In Cundinamarca, real production increased by 1.2%, sales increased by 0.6%, and employment increased by 0.4%.

Source: DANE, EMMET, May 2026.

At the national level, when comparing May 2026 with the same period in 2025, it is recorded that the behavior of real sales was positive. In the national total, real sales increased 11.7% and employed personnel increased 1.6%.

In Bogota, trade grew by 16.9% in sales for May 2026 compared to the same month in 2025; The number of people employed increased by 0.8%.

In Cundinamarca, trade increased by 21.9% in sales for May 2026 compared to the same month in 2025; The number of employed personnel increased by 5.6%.

Source: DANE, EMC, May 2026.

In May 2026, 14 of the 18 service activities recorded revenue growth compared to May 2025.

The three (3) activities with the best performance in May 2026 compared to the same month of 2025 in revenue were: Production of motion pictures and television programs (27.5%), Other entertainment services and other services (21.5%), and Employment, security and private investigation activities, building services (13.7%).

Source: DANE, EMS, May 2026.

In May 2026, 18 of the 18 service activities registered wage increases compared to May 2025.

The three (3) activities with the best performance in May 2026 compared to the same month of 2025 in terms of salaries were: Administrative and office support activities and other activities (20.5%), Mail and courier services (20.4%), and Restaurants, catering and bars (18.4%).

Source: DANE, EMS, May 2026.

The total income of the accommodation sector in the country decreased by 7.5% when comparing May 2026 with the same month of the previous year; the employed personnel decreased by 4.8% in the same period of analysis.

In Bogotá, real income from the accommodation sector decreased by 7.8%, and employed personnel experienced a reduction of 4.1% compared to May 2025.

Source: DANE, EMA, May 2026.

In May 2026, Bogota presented a hotel occupancy rate of 55.6%, showing a decrease of -3.1 p.p. compared to 58.7% in May 2025. The main reasons for travel to the capital were Work and business (31.6%), and Vacations, leisure and recreation (18.0%) Source: DANE, EMA, May 2026.