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 fourth quarter of 2024, Bogota's GDP grew 2.8%, close to the 2.3% recorded in the fourth quarter of Colombia's GDP; Bogota's GDP increased 1.2 percentage points compared to the third quarter of 2023, when the city decreased 1.6%.

*Data for Bogota are available for the fourth quarter of 2024.

DANE published the GDP by department for 2023. The results showed that Bogotá and Cundinamarca consolidated 31.3% of the total national production in 2023. Also, that the growth of the region was 0.5%, compared to the 2022, while that of Colombia was 0.6%.

• 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 25.30%, 17.15%, 13.04% 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 0.16%, 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 2024. Source: DANE, SDDE.

In November 2025, there was a 1.1% decrease in the ISE compared to October 2025, when there was a 0.3% increase.

Source: DANE, ISE, November 2025.

In November 2025, the activities that showed the highest annual increase in the ISE were Public administration and defense (7.9%) and Electricity, gas, steam, and air conditioning supply (5.0%). In contrast, the activity that recorded the largest decrease was Information and communications, which showed an annual reduction of 1.0% during the period analyzed.

Source: DANE, ISE, November 2025.

In December 2025, industrial production decreased -0.6%, compared to December 2024. Real sales decreased 3.8% and employed personnel increased 0.5%.

Source: DANE, EMMET, December 2025.

In Bogota, the variation in real production was lower compared to the national total, presenting a reduction of -1.3%, sales showed a fall of -1.2% and employment an increase of 1.0%.

Source: DANE, EMMET, December 2025.

In Cundinamarca, real production decreased -1.0%, sales increased by 0.4%, and employment increased by 1.6%.

Source: DANE, EMMET, December 2025.

At the national level, when comparing December 2025 with the same period in 2024, it is recorded that the behavior of real sales was positive. In the national total, real sales increased 11.0% and the number of employed personnel increased 2.4%.

In Bogota, trade grew by 19.8% in sales by December 2025 compared to the same month in 2024; The number of people employed increased by 0.8%.

In Cundinamarca, trade increased by 14.4% in sales for December 2025 compared to the same month in 2024; The number of people employed increased by 9.9%.

Source: DANE, EMC, December 2025.

In December 2025, 15 of the 18 service activities recorded revenue growth compared to December 2024.

The three (3) activities with the best performance in December 2025 compared to the same month of 2024 in revenue were: Advertising (23.3%), Programming and Broadcasting Activities, News Agencies (19.3%), and Employment, Security and Private Investigation, Building Services (16.8%).

Source: DANE, EMS, December 2025.

In December 2025, 18 of the 18 service activities registered wage increases compared to December 2024.

The three (3) activities with the best performance in December 2025 compared to the same month of 2024 in salaries were: Private Higher Education (22.3%), Administrative and Office Support Activities and Other Activities (16.8%), and Mail and Courier Services (15.1%).

Source: DANE, EMS, December 2025.

Total revenues from the accommodation sector in the country decreased by 3.0% when comparing December 2025 with the same month of the previous year; The number of employed personnel decreased by 2.2% in the same period of analysis.

In Bogotá, real income from the accommodation sector decreased by 3.8%, and employed personnel experienced a reduction of 1.5% compared to December 2024.

Source: DANE, EMA, December 2025.

In December 2025, Bogota presented a hotel occupancy rate of 51.8%, showing a decrease of -2.5 p.p. compared to 54.3% in December 2024. The main reasons for travelling to the capital were Work and business (27.0%), and Holidays, leisure and recreation (18.3%) Source: DANE, EMA, December 2025.