Economy of Medellin

The Medellín Metropolitan Area produces 67% of the Department of Antioquia's GDP and 11% of the economy of Colombia. Medellín is the second economic region in Colombia, after Bogotá, in 2005.

The 2005 Report of the Economic Colombian Review of Proexport and the International Cooperation Agency of Medellín concluded that Medellín was at the same level of GDP contribution to the national economy as cities like Panama in Panama, and San José de Costa Rica.

Medellín Cluster

Medellín created the first Colombian business cluster. The city is the top exporting region of the country, with 1,750 export businesses based in Medellín. The Cluster was created with the support of the Chamber of Commerce of Medellín and the City Administration for an actual total of 21,000 companies that share 40% of total exports, 25% of the regional GDP, and 40% of Metro Area employment. The main economic activities of the Medellín Cluster (MC) are in electricity generation, textile, fashion design, construction, tourism and business. One current goal of the Medellín Cluster is to include health services, an important sector in the local economy