Located in the northwest of South America, Colombia has a population of 48.7 million inhabitants, the third largest population in Latin America (2016), over 8 million of which claim home to the capital city of Bogotá.
About twice the size of Texas, Colombia is also the fourth largest country in South America, with substantial oil reserves and a major producer of gold, silver, emeralds, platinum and coal. According to JP Morgan, Colombia is and will be the second most appealing country for investment in Latin America over the next three years. Since 2009, Colombia has become an outstanding player in Latin America’s economy, with an average GDP growth of close to 4% and a GDP higher than that of Ecuador, Panama, and Uruguay combined. Additionally, Colombia features a great diversity of ecosystems, landscapes, historic and archaeological sites, and a very interesting and diverse set of traditions and culture.
Bogotá offers abundant contrasts: modern shopping malls and open-air markets, high-rise apartments and makeshift shanties, gleaming sky scrapers and colonial churches. Bogotá houses a large number of academic institutions, multi-national corporations, and a mass transport system called the Transmilenio, which has been imitated by many cities worldwide. Bogotá also boasts a robust and fast-growing IT sector, with both government and private sector investment in providing greater internet access and productivity to citizens and businesses alike. Additionally, Bogotá has earned a place among the major gastronomic capitals of Latin America, with a variety of world-class restaurants offering local and international cuisine. This Colombian capital has positioned itself as an epicenter of culture and it is considered the country’s economic motor, making it an ideal location for business school programs to visit and explore.