Thursday, May 13, 2010

Colombia, Bogota Cost of Living April 2010

Country Full Name: Republic of Colombia.

Location: Colombia is in Northern South America, bordering the Caribbean Sea, between Panama and Venezuela, and bordering the North Pacific Ocean, between Ecuador and Panama.

Country Climate: Tropical along coast and eastern plains; cooler in highlands.

Country Terrain: Flat coastal lowlands, central highlands, high Andes Mountains, eastern lowland plains.

Major Languages: Spanish.

Major Religions: Christianity.

Country Population: 48.3 million (2008 est.) 49.0 million (2009 est.).

Country Economy: The economy of Colombia is that of a free market economy with major commercial and investment ties to the United Nations. Transition from a highly regulated economy has been underway for more than a decade.

Currency: Colombian Peso (COP).

Country Inflation: 7.0% (2008 est.) 4.6% (2009 est.).

City: Bogota is the capital city of Colombia.

City Economy: Bogota is Colombia's largest economic center and most companies in Colombia have their headquarters in the city. Bogota is also a major center for the import and export of goods for Colombia and the Andean Community in Latin America.
Cost of Living: Bogota has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Bogota is currently ranked 91 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Colombia, Bogota