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IT outsourcing rates in Colombia

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.

Outsourcing rates by profession($/hour)

MinMaxAvg
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

Software outsourcing readiness

High

Technology capabilities

Big DataCloud Architecture Design

Industries

FintechBlockchain

Economic overview

Political Stability

-2.5

2.5

Democracy status

0

100

Business climate

Very good

Extreme

Risk assessment

Very low

Extreme