Investment in Manufacturing
Investment in Manufacturing in Colombia
Thanks to the trade agreements signed by Colombia and its geographical location, the country has become a production, distribution and export hub for international markets. Additionally, Colombia offers competitive costs, an attractive domestic market, skilled labor and government support for a safe and profitable investment.
- Colombian gross domestic product was US $ 32,612 million in 2015 and a share of 12.2% of total GDP, the manufacturing industry ranked as the fourth most representative productive activity of the Colombian economy. DANE, 2016.
- In 2015 manufacturing exports totaled US $ 7,033 million, with 1.5% average growth between 2010 and 2015, ranking as the second sector with higher exports in 2015 and representing 19.7% of total Colombian exports. DIAN, 2016.
- Colombia has 15 free trade agreements, and has preferential access to over 1.500 million consumers.
- Colombia's industry is the second most competitive and the third most efficient in the region. Also, Colombia have the Third largest work force in Latin America.
These are just some of the reasons to invest in manufacturing. We invite you to learn additional details about Colombia and why it is the perfect destination for your projects.