Economy, jobs and prices in Medellín, Colombia: official figures
DANE estimates the value added produced in Medellín at COP 92.62 trillion in 2024 (provisional, current prices), 2nd largest of 74 Colombian cities on this site, 5.97% of the national total of COP 1550.97 trillion.
What is the economic output per person in Medellín?
Value added in 2024 came to about COP 37 million per resident of Medellín (2026 projected population), 12th 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 Medellín growing?
Between 2019 and 2024 the value added of Medellín rose from COP 59.43 trillion to COP 92.62 trillion in current prices (+56%), 19th slowest 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 Medellín?
In 2024, 81.9% of the value added in Medellín came from services and trade (tertiary activities), 17.8% from industry and construction and 0.2% from agriculture, livestock, fishing and mining.
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow much of the economy of Medellín is industry?
Industry and construction made up 17.8% of the value added of Medellín in 2024, 28th highest of 74 Colombian cities on this site; agriculture, livestock, fishing and mining made up 0.2%, 8th lowest of 74 Colombian cities on this site.
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow much of Antioquia's economy is in Medellín?
Medellín produced 40.3% of the value added of Antioquia department in 2024 (provisional).
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow has the economy of Medellín changed since 2011?
In current prices the value added of Medellín was COP 34.44 trillion in 2011 and COP 84.09 trillion in 2023, against COP 92.62 trillion in 2024 (up 10.2% in the last year; national: up 8.3%).
Source: Departamento Administrativo Nacional de Estadística (DANE) · saved copyHow Medellín compares with other cities in Colombia
Value added, 2024 provisional (COP, current prices) (2024)
Medellín ranks 2 of 74, highest first.
| Rank | City | Value added, 2024 provisional (COP, current prices) |
|---|---|---|
| 1 | Bogotá, D.C. | COP 380.20 trillion |
| 2 | Medellín | COP 92.62 trillion |
| 3 | Cali | COP 66.63 trillion |
| 4 | Barranquilla | COP 43.21 trillion |
| 5 | Cartagena | COP 35.58 trillion |
| 6 | Bucaramanga | COP 23.18 trillion |
| 7 | Barrancabermeja | COP 22.01 trillion |
Value added per resident, 2024 provisional (COP; 2026 projected population) (2024)
Medellín ranks 12 of 74, highest first.
| Rank | City | Value added per resident, 2024 provisional (COP; 2026 projected population) |
|---|---|---|
| 9 | Funza | COP 38 million |
| 10 | Yopal | COP 38 million |
| 11 | Bucaramanga | COP 37 million |
| 12 | Medellín | COP 37 million |
| 13 | Cartagena | COP 35 million |
| 14 | Barranquilla | COP 34 million |
| 15 | Turbo | COP 32 million |
Change in value added 2019-2024 (current prices) (2019-2024)
Medellín ranks 56 of 74, highest first.
| Rank | City | Change in value added 2019-2024 (current prices) |
|---|---|---|
| 53 | Barranquilla | +56% |
| 54 | Bogotá, D.C. | +56% |
| 55 | Facatativá | +56% |
| 56 | Medellín | +56% |
| 57 | Tuluá | +56% |
| 58 | Ibagué | +55% |
| 59 | Sahagún | +54% |
Industry and construction share of value added, 2024 (2024)
Medellín ranks 28 of 74, highest first.
| Rank | City | Industry and construction share of value added, 2024 |
|---|---|---|
| 25 | Barranquilla | 19.7% |
| 26 | Duitama | 19.3% |
| 27 | Bucaramanga | 18.4% |
| 28 | Medellín | 17.8% |
| 29 | Piedecuesta | 17.7% |
| 30 | Soacha | 15.9% |
| 31 | Los Patios | 14.9% |
Agriculture, livestock, fishing and mining share of value added, 2024 (2024)
Medellín ranks 67 of 74, highest first.
| Rank | City | Agriculture, livestock, fishing and mining share of value added, 2024 |
|---|---|---|
| 64 | Envigado | 0.6% |
| 65 | Bucaramanga | 0.4% |
| 66 | Buenaventura | 0.2% |
| 67 | Medellín | 0.2% |
| 68 | Cali | 0.2% |
| 69 | Cartagena | 0.2% |
| 70 | Soacha | 0.2% |
More on Medellín: 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…)
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