Home > Salary > Colombia > Economic Development Manager
An economic development manager is responsible for promoting economic growth and prosperity in a specific region or community. They work closely with local government officials, businesses, and community organizations to attract new businesses, retain existing businesses, and stimulate job creation. Their primary goal is to enhance the overall economic climate of the area by implementing strategies and initiatives that foster business expansion, entrepreneurship, and investment.
The economic development manager conducts market research, identifies potential growth sectors, and develops strategies to capitalize on those opportunities. They also collaborate with stakeholders to create and implement economic development plans, secure funding for projects, and establish partnerships with regional and national organizations. Additionally, they may be involved in workforce development programs, infrastructure improvements, and marketing campaigns to attract investors and tourists.
Estimated Yearly Salary: 41,639,178 COP
Estimated Monthly Salary: 3,469,932 COP
Estimated Weekly Salary: 800,753 COP per week
Estimated Hourly Salary: 20,019 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,362,561 COP
Estimated Weekly Salary: 775,976 COP per week
Estimated Hourly Salary: 19,399 COP per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 9,290 USD
Estimated Monthly Salary: 774 USD
Estimated Weekly Salary: 179 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 41,639,178 COP
Estimated Monthly Salary: 3,469,932 COP
Estimated Weekly Salary: 800,753 COP per week
Estimated Hourly Salary: 20,019 COP per hour
By working as Economic Development Manager a person can save up to 514 USD per month or 6,165 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Estimated Yearly Salary for Economic Development Manager
Last revision of data: 2025-01-04
Data as of 2025
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Economic Development Manager salary in Colombia
Average Yearly Salary of Economic Development Manager in Colombia is approximately 41,639,178 COP (9,290 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Economic Development Manager do?
An economic development manager is responsible for promoting economic growth and prosperity in a specific region or community. They work closely with local government officials, businesses, and community organizations to attract new businesses, retain existing businesses, and stimulate job creation. Their primary goal is to enhance the overall economic climate of the area by implementing strategies and initiatives that foster business expansion, entrepreneurship, and investment.
The economic development manager conducts market research, identifies potential growth sectors, and develops strategies to capitalize on those opportunities. They also collaborate with stakeholders to create and implement economic development plans, secure funding for projects, and establish partnerships with regional and national organizations. Additionally, they may be involved in workforce development programs, infrastructure improvements, and marketing campaigns to attract investors and tourists.
Skills: Economic development, Business growth, Job creation, Community development, Market research, Strategic planning
Job industry: Government
Job industry: Government
How much does Economic Development Manager make?
Salary details
How much does Economic Development Manager make?Estimated Yearly Salary: 41,639,178 COP
Estimated Monthly Salary: 3,469,932 COP
Estimated Weekly Salary: 800,753 COP per week
Estimated Hourly Salary: 20,019 COP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 40,350,733 COPEstimated Monthly Salary: 3,362,561 COP
Estimated Weekly Salary: 775,976 COP per week
Estimated Hourly Salary: 19,399 COP per hour
Last revision of data: 2024-01-05Economic Development Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 9,290 USD
Estimated Monthly Salary: 774 USD
Estimated Weekly Salary: 179 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Colombia is a country located in South America. It has a population of approximately 50 million people and covers an area of about 1.1 million square kilometers. The country is known for its diverse landscapes, including the Andes Mountains, Amazon rainforest, and Caribbean coastline.
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Economic Development Manager job salary compared to average salary in Colombia.
Comparison shows that a person working as Economic Development Manager in Colombia earns on average:
1.54 times the average salary (or 154% of average salary).
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Economic Development Manager job salary compared to average salary in Colombia.
Comparison shows that a person working as Economic Development Manager in Colombia earns on average:
1.54 times the average salary (or 154% of average salary).
Is Economic Development Manager a well paid job?
Yes, our data shows that Economic Development Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Economic Development Manager?
High salary for Economic Development Manager would be somewhere between 45,803,096 COP and 60,376,808 COP. However this is an estimation based on Gaussian Distribution.How much can you save working as Economic Development Manager in Colombia?
Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 41,639,178 COP
Estimated Monthly Salary: 3,469,932 COP
Estimated Weekly Salary: 800,753 COP per week
Estimated Hourly Salary: 20,019 COP per hour
By working as Economic Development Manager a person can save up to 514 USD per month or 6,165 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Economic Development Manager
Ecuador is 8,956 USD
Brazil is 11,573 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Colombia
(306,660,307 COP per year, pre-tax.)
2. Cardiologist
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
5. Neurosurgeon
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
8. Oncologist
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)
Data as of 2025Random salary:
Warehouse executive (27,489,600 COP per year, pre-tax.)
Water manager (26,901,993 COP per year, pre-tax.)
Urban designer (34,267,209 COP per year, pre-tax.)
Bounty hunter (26,901,993 COP per year, pre-tax.)
Sales consultant recreational vehicles (15,050,855 COP per year, pre-tax.)
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