Economy, jobs and prices in Armenia, Colombia: official figures
DANE estimates the value added produced in Armenia at COP 7.03 trillion in 2024 (provisional, current prices), 29th largest of 74 Colombian cities on this site, 0.45% of the national total of COP 1550.97 trillion.
What is the economic output per person in Armenia?
Value added in 2024 came to about COP 23 million per resident of Armenia (2026 projected population), 37th highest of 74 Colombian cities on this site; the national figure was COP 29 million.
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow fast is the economy of Armenia growing?
Between 2019 and 2024 the value added of Armenia rose from COP 4.38 trillion to COP 7.03 trillion in current prices (+61%), 34th fastest growth of 74 Colombian cities on this site; nationally the rise was 62%.
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyWhat are the main industries in Armenia?
In 2024, 82.9% of the value added in Armenia came from services and trade (tertiary activities), 10.1% from industry and construction and 7.1% from agriculture, livestock, fishing and mining.
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow much of the economy of Armenia is industry?
Industry and construction made up 10.1% of the value added of Armenia in 2024, 25th lowest of 74 Colombian cities on this site; agriculture, livestock, fishing and mining made up 7.1%, 32nd highest of 74 Colombian cities on this site.
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow much of Quindío's economy is in Armenia?
Armenia produced 50.5% of the value added of Quindío department in 2024 (provisional).
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow has the economy of Armenia changed since 2011?
In current prices the value added of Armenia was COP 2.51 trillion in 2011 and COP 6.39 trillion in 2023, against COP 7.03 trillion in 2024 (up 9.9% in the last year; national: up 8.3%).
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow Armenia compares with other cities in Colombia
Value added, 2024 provisional (COP, current prices) (2024)
Armenia ranks 29 of 74, highest first.
| Rank | City | Value added, 2024 provisional (COP, current prices) |
|---|---|---|
| 26 | Popayán | COP 7.72 trillion |
| 27 | Floridablanca | COP 7.58 trillion |
| 28 | Yopal | COP 7.44 trillion |
| 29 | Armenia | COP 7.03 trillion |
| 30 | Rionegro | COP 6.58 trillion |
| 31 | Buenaventura | COP 6.50 trillion |
| 32 | Sincelejo | COP 5.70 trillion |
Value added per resident, 2024 provisional (COP; 2026 projected population) (2024)
Armenia ranks 37 of 74, highest first.
| Rank | City | Value added per resident, 2024 provisional (COP; 2026 projected population) |
|---|---|---|
| 34 | Mosquera | COP 24 million |
| 35 | Jamundí | COP 23 million |
| 36 | Neiva | COP 23 million |
| 37 | Armenia | COP 23 million |
| 38 | Cajicá | COP 23 million |
| 39 | Pasto | COP 22 million |
| 40 | Villavicencio | COP 22 million |
Change in value added 2019-2024 (current prices) (2019-2024)
Armenia ranks 34 of 74, highest first.
| Rank | City | Change in value added 2019-2024 (current prices) |
|---|---|---|
| 31 | Ocaña | +62% |
| 32 | Apartadó | +62% |
| 33 | Girardot | +61% |
| 34 | Armenia | +61% |
| 35 | Cereté | +60% |
| 36 | Manizales | +60% |
| 37 | Chía | +60% |
Industry and construction share of value added, 2024 (2024)
Armenia ranks 50 of 74, highest first.
| Rank | City | Industry and construction share of value added, 2024 |
|---|---|---|
| 47 | Santa Marta | 10.6% |
| 48 | Riohacha | 10.3% |
| 49 | Sincelejo | 10.2% |
| 50 | Armenia | 10.1% |
| 51 | Cereté | 9.8% |
| 52 | Magangué | 9.7% |
| 53 | Cali | 9.7% |
Agriculture, livestock, fishing and mining share of value added, 2024 (2024)
Armenia ranks 32 of 74, highest first.
| Rank | City | Agriculture, livestock, fishing and mining share of value added, 2024 |
|---|---|---|
| 29 | Riohacha | 8.0% |
| 30 | Madrid | 7.9% |
| 31 | Magangué | 7.3% |
| 32 | Armenia | 7.1% |
| 33 | Pereira | 6.4% |
| 34 | Ibagué | 5.9% |
| 35 | Montería | 5.8% |
More on Armenia: overview · health · education and schools · poverty and living standards · government budget · all cities in Colombia
Sources
- Departamento Administrativo Nacional de Estadística (DANE): Valor agregado por municipio, base 2015, serie 2011-2024 provisional (current prices, thousands of millions of pesos; updated 3 July 2026), read 23 October 2026 · saved copy (SHA-256 083bb4b8501d…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.