Colombia
South America · South America
Population
52.9M
GDP (Nominal)
$418.5B
Capital City
Bogotá
Currency
COP ($)
Avg Salary
$725/mo
Region
South America
Livability Index 2026
35/100
Cost of Living
10/100
Avg Salary
38/100
Safety
68/100
Healthcare
65/100
Education
60/100
Overall Livability
Institutional Summary
Colombia has rapidly transformed into a major hub for digital nomads and expats, particularly in cities like Medellín, which is famous for its 'Eternal Spring' climate. It offers an incredibly affordable lifestyle, a rich, vibrant culture, and high-quality private healthcare. However, expats must remain vigilant, as safety (petty theft and street crime) remains a significant concern, and navigating the local economy can be challenging due to high inflation and lower average wages.
Cost of Living
Monthly Rent (1BR)$350
Monthly Groceries$150
Monthly Transport$25
Utilities & Internet$80
Estimated Total Monthly
$605 /person
AI Algorithm Summary
Major Strengths
- • Extremely affordable cost of living
Algorithmic Red Flags
- • Significant safety and crime concerns (Score: 38)
- • High income tax burden (39%)
- • High unemployment rate (10.2%)
Economic Performance
📊 GrowingGDP Per Capita
$7,911
Inflation Rate
6.61%
Unemployment
10.2%
5-Year GDP Trend
Migration & Visa
Migrant Visa (Type M)
Pensioner/Retirement Visa
Visitor Visa (Type V)
Visa Difficulty
4/10
PR Eligibility
5 Years
Employment Landscape
Avg Monthly Salary
$725
Trending
Top Performing Industries
Oil & Mining
Coffee & Agriculture
Textiles & Apparel
IT Outsourcing
Social Indicators
Life Expectancy
76.8 Yrs
Literacy Rate
95%
Top Universities (QS Rank)
Universidad de los Andes#198
Universidad Nacional de Colombia#226
Compare Colombia
Benchmark against other Tier-1 economies provides critical context for relocation or institutional investment decisions.