Outsourcing rates by profession ($/hour)
Indicative blended rates for senior-level specialists.
| Profession | Min | Max | Avg |
|---|---|---|---|
| Business Analyst | 58 | 69 | 65 |
| Project Manager | 61 | 83 | 66 |
| Scrum Master | 56 | 80 | 63 |
| Graphic Designer | 50 | 76 | 62 |
| DevOps | 61 | 83 | 75 |
| Lead Developer | 68 | 83 | 76 |
| Junior Developer | 42 | 54 | 48 |
| Intermediate Developer | 55 | 67 | 60 |
| Senior Developer | 67 | 83 | 73 |
| Junior QA (Manual) | 35 | 52 | 42 |
| Intermediate QA (Manual) | 43 | 60 | 53 |
| Senior QA (Manual) | 55 | 67 | 62 |
| Junior QA (Automated) | 36 | 54 | 46 |
| Intermediate QA (Automated) | 50 | 63 | 60 |
| Senior QA (Automated) | 61 | 73 | 69 |
General information
Currency
COP
GDP growth%
10.7
Population
51.52 million (2021)
Time zone
GMT-5
Region
Latin America
Scorecard
160 country assessments, drawn up on the basis of macroeconomic, financial and political data, are made freely available.
Regularly updated, they provide an estimate of the average credit risk on a country’s businesses. This is an invaluable tool, giving an indication of a country’s potential influence on businesses’ financial commitments.
Our analyses use a eight-level ranking. In ascending order of risk, these are
Source linkcoface.com/Economic-Studies-and-Country-RisksOverall readiness
Software outsourcing readiness
Technology capabilities
Big Data
Cloud Architecture Design
Key industries
Economic overview
Political Stability
-0.90The likelihood of political instability and/or politically motivated violence, including terrorism, is rated on a scale of approximately -2.5 to 2.5, where the score of -2.5 represents the highest perceived risk, and the score of 2.5 represents the lowest perceived risk.
Democracy status
6.48A global ranking based on political factors such as elections, government, participation, culture, and civil liberties.
Business climate
AcceptableA comprehensive evaluation of the business environment, including access to and accuracy of corporate financial information and the strength of creditor protection through fair and effective resolution of unpaid debts through the local legal system.
Risk assessment
HigherAn assessment of the average risk of non-payment for companies, determined by economic, financial, and political factors.
Figures are indicative and compiled from public indices. See our disclosure for methodology and sources.
Overview
Colombia is a country located in South America and is known for its diverse culture, rich history, and natural beauty. It is the third most populous country in Latin America, with a population of over 50 million people. Colombia has a mixed economy that is heavily dependent on the export of natural resources, including oil, coffee, and gold.
The country is working towards diversifying its economy to reduce its reliance on these exports. It is now primarily market-based, with a significant level of private-sector participation. The country has a growing middle class and a strong entrepreneurial spirit, with many new start-ups and small businesses emerging in recent years. The government has launched several initiatives to support entrepreneurship and innovation, including tax incentives and funding programs.
The IT sector is an important contributor to Colombia's economy, with a focus on software development, telecommunications, and e-commerce. Colombia is also home to many emerging technology start-ups and companies, with a growing focus on innovation and research and development. Despite the challenges facing the Colombian economy, including inequality and security concerns, the country is working towards building a stronger and more diversified economy for the future.
Considering Colombia for your next team?
Talk to us about building a dedicated engineering, data, or marketing team.