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Bogota is the main economic and industrial center of Colombia. Also, in 2008 the city ranked as the fourth most influential financial center of Latin America. In the period 2003-2006, its commercial GDP grew by 10.3% annually, accounting for 25.3% of GDP national trade. However, the unemployment rate reached 11.3% and a 31.6 percent underemployment. In addition, the city is one of the largest industrial centers in Latin America. Nationally, the import of capital goods has been spurred by the government, benefit in particular to Bogota involved with 24.4% of total domestic industry (2003). This is due in part to geographical location, which makes the city a strategic point in terms of logistics, since transportation of goods to other parts of the country is relatively fast. Likewise facilitates the supply of raw materials for industry in the city, by its proximity to agricultural regions like the Eastern Plains. For all of thise reasons, several multinational companies have established their regional operations here during the last decades. However, the distance from the ports reduce the competitive advantages for exporting industrial products. Thus, the services (including telecommunications and trade), are gaining share versus industry.
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