| Sumario: | This document analyzes -based on the Gibrat's theory on proportional growth- the determining factors of business growth in the manufacturing sector in Colombia, with particular emphasis on internal factors such as human capital, added value, value of sales, costs of production, administration and sales. Differences between departments were taken into account and an econometric estimation of panel data was made for the period 2008-2016, using for this purpose the statistical information from DANE’s Annual Manufacturing Survey. The variables that influence the business growth of companies in the manufacturing sector are: cost of production, administration and sales, added value and schooling years. Considering the agglomeration of departments according to GDP levels, those with low and middle income levels lack qualified labor. The opposite is the case with departments with high income levels that become hosts of skilled labor, which explains the increase in sales and added value in the departments.
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