Economy, jobs and prices in Madrid, Colombia: official figures
DANE estimates the value added produced in Madrid at COP 2.79 trillion in 2024 (provisional, current prices), 18th smallest of 74 Colombian cities on this site, 0.18% of the national total of COP 1550.97 trillion.
What is the economic output per person in Madrid?
Value added in 2024 came to about COP 19 million per resident of Madrid (2026 projected population), 28th lowest 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 Madrid growing?
Between 2019 and 2024 the value added of Madrid rose from COP 1.67 trillion to COP 2.79 trillion in current prices (+67%), 20th 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 Madrid?
In 2024, 61.9% of the value added in Madrid came from services and trade (tertiary activities), 30.3% from industry and construction and 7.9% from agriculture, livestock, fishing and mining.
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow much of the economy of Madrid is industry?
Industry and construction made up 30.3% of the value added of Madrid in 2024, 14th highest of 74 Colombian cities on this site; agriculture, livestock, fishing and mining made up 7.9%, 30th highest of 74 Colombian cities on this site.
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow much of Cundinamarca's economy is in Madrid?
Madrid produced 2.9% of the value added of Cundinamarca department in 2024 (provisional).
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow has the economy of Madrid changed since 2011?
In current prices the value added of Madrid was COP 940.2 billion in 2011 and COP 2.59 trillion in 2023, against COP 2.79 trillion in 2024 (up 7.7% in the last year; national: up 8.3%).
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow Madrid compares with other cities in Colombia
Value added, 2024 provisional (COP, current prices) (2024)
Madrid ranks 57 of 74, highest first.
| Rank | City | Value added, 2024 provisional (COP, current prices) |
|---|---|---|
| 54 | Malambo | COP 3.00 trillion |
| 55 | Cajicá | COP 2.87 trillion |
| 56 | Arauca | COP 2.86 trillion |
| 57 | Madrid | COP 2.79 trillion |
| 58 | Girardot | COP 2.63 trillion |
| 59 | Zipaquirá | COP 2.62 trillion |
| 60 | Maicao | COP 2.57 trillion |
Value added per resident, 2024 provisional (COP; 2026 projected population) (2024)
Madrid ranks 47 of 74, highest first.
| Rank | City | Value added per resident, 2024 provisional (COP; 2026 projected population) |
|---|---|---|
| 44 | Malambo | COP 20 million |
| 45 | Dosquebradas | COP 19 million |
| 46 | Buenaventura | COP 19 million |
| 47 | Madrid | COP 19 million |
| 48 | Riohacha | COP 19 million |
| 49 | Cúcuta | COP 18 million |
| 50 | Sincelejo | COP 17 million |
Change in value added 2019-2024 (current prices) (2019-2024)
Madrid ranks 20 of 74, highest first.
| Rank | City | Change in value added 2019-2024 (current prices) |
|---|---|---|
| 17 | Jamundí | +69% |
| 18 | Zipaquirá | +68% |
| 19 | Lorica | +68% |
| 20 | Madrid | +67% |
| 21 | Rionegro | +67% |
| 22 | Dosquebradas | +67% |
| 23 | Cartago | +66% |
Industry and construction share of value added, 2024 (2024)
Madrid ranks 14 of 74, highest first.
| Rank | City | Industry and construction share of value added, 2024 |
|---|---|---|
| 11 | Cartagena | 35.5% |
| 12 | Itagüí | 32.2% |
| 13 | Sogamoso | 30.7% |
| 14 | Madrid | 30.3% |
| 15 | Girón | 28.3% |
| 16 | Turbaco | 28.1% |
| 17 | Aguachica | 25.9% |
Agriculture, livestock, fishing and mining share of value added, 2024 (2024)
Madrid ranks 30 of 74, highest first.
| Rank | City | Agriculture, livestock, fishing and mining share of value added, 2024 |
|---|---|---|
| 27 | Los Patios | 8.1% |
| 28 | Tuluá | 8.0% |
| 29 | Riohacha | 8.0% |
| 30 | Madrid | 7.9% |
| 31 | Magangué | 7.3% |
| 32 | Armenia | 7.1% |
| 33 | Pereira | 6.4% |
More on Madrid: 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.