FREE REPORT: THE BEST PLACES TO RETIRE IN 2025
We Value Your Privacy! We will not share your email address with anyone else, period.

THE 10 BEST PLACES TO RETIRE IN 2025

the 10 best places to retire in 2025

PLUS: A SPECIAL BONUS DESTINATION

Simply sign up to receive the FREE daily e-letter, Overseas Opportunity Letter, and we’ll immediately email you our editors’ latest research report… absolutely FREE

We Value Your Privacy! We will not share your email address with anyone else, period.

Colombia Facts And Figures

Find out interesting facts and figures about Colombia such as inflation rate, seasons, government, residency, visa requirements, and more.

We Value Your Privacy! We will not share your email address with anyone else, period.
Colombia, Bogota - capital city, pinned on political map
Alamy/3D generator

Colombia Facts And Figures

Colombia  is located in South America. This culture-rich country has a coastline on the Pacific Ocean and Caribbean Sea.

Bordered by Panama, Ecuador, Chile, Brazil, and Venezuela, Colombia is an integral part of the South American continent.

The total land area of Colombia is 401,044 square miles (1,038,699 square kilometers). Colombia is renowned for its beaches, natural landscapes, outdoor activities, and vibrant society.

Home to the second largest population in South America, surpassed only by Brazil, Colombia’s free market economy continues to draw investment attention the world over.

Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

Reviewed By Lief Simon

Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

Start Your New Overseas Life Today

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2025

We Value Your Privacy! We will not share your email address with anyone else, period.

Table of Contents

Start Your New Life Overseas Today!
Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In 2025.
We Value Your Privacy! We will not share your email address with anyone else, period.

Colombia Facts

 
Information Type Colombia Data
Population  52,886,363 (2024 est.)
Gross Domestic  Product PPP (GDP) US$818.00 Billion (2023 est.)
GDP Per Capita US$6,417 (2023. est.)
Inflation Rate 9.3% (2023 est.)
Currency Colombian Peso
Exchange Rate Versus U.S. Dollar  3,940.68 pesos per U.S. dollar (March, 2024)
Language Spanish (official)
Capital Bogota
Population of Capital City 11.66 million (metropolitan area) (2024 est.)
Time Zone UTC/GMT - 5 hours
Seasons There are alternating dry and wet seasons corresponding to summer and winter, respectively.
International Dialing Code 57
Electricity 110-120 V - 220-240V appliances: Plug adapter + step-up transformer
System of Government Republic. Executive branch dominates government structure.
Current Leader President Gustavo Petro (since Aug. 2022)
Property Tax The rates of the unified property tax on the aggregate value of the land and buildings range between 0.5% and 1.4%.
Capital Gains Tax 0% to 10%
Inheritance Tax Inheritance/ estate tax – Gifts are treated as capital gains and subject to tax as ordinary income.
Rental Income Tax Income from leasing real property is considered as ordinary income and taxed at 33%. Rental income is subject to 3.5% withholding tax, which is considered as advance tax payment.
Sales Tax 19%
Restrictions on Foreign Ownership of Property None
Local Chamber of Commerce
American Chamber of Commerce
Primary Exports Petroleum, coffee, spices, emeralds, coal, nickel, live trees, apparel, plastic, bananas.
Residency and Visa Requirements The process for residency is fairly simple and straightforward, with low income and investment requirements.
Special Benefits for  Foreign Residents or Retirees A retirement visa, requires you to be receiving retirement benefits from the U.S.
National Airline Avianca
Start Your New Life Overseas Today!
Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In 2025.
We Value Your Privacy! We will not share your email address with anyone else, period.
Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

Reviewed By Lief Simon

Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

Start Your New Overseas Life Today

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2025

We Value Your Privacy! We will not share your email address with anyone else, period.

Table of Contents

Colombia Facts And Figures- FAQs

Submit Your Own Questions

Be The First To Ask About Colombia Facts And Figures

Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

Portugal is known for Fado music and also for being the largest cork producer in the world.

Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

More Resources From Colombia

Latest On Colombia Facts And Figures

' . . '
Colombia
4 months ago 0

Warm Weather, Low Cost Living, And The Fabled City Of Gold

' . . '
Colombia
4 months ago 0

The Jewel Of Colombia’s Caribbean Coast

' . . '
Colombia
4 months ago 0

Big City Living With A Small Town Feel

' . . '
Colombia
4 months ago 0

One Of The World’s Most Pleasant Places To Live

' . . '
Colombia
4 months ago 0

Our #1 Expat Haven In Colombia

HOME

Best For:

BROWSE ALL COUNTRIES
How Much Will It Cost
To Live Overseas?
Meet Our Experts

Overseas Property Alert 

 

How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams

VISIT SITE

Buying Real Estate For Cashflow

 

Discover tips and strategies used by global property investing veterans

READ MORE

Explore Our Latest Posts

 

Learn how to invest and purchase property abroad…

EXPLORE

Live and Invest In Spain Conference

VALENCIA, SPAIN Sep. 17-19, 2025
LEARN MORE
DISCOUNT

Offshore Wealth Summit

PANAMA CITY, PANAMA Oct. 15-17, 2025
LEARN MORE
PRE-REGISTER

GREECE WORKSHOP

VIRTUAL Nov. 13, 2025
LEARN MORE
PRE-REGISTER
MORE EVENTS

Contact Our Events Team:

Toll-Free U.S. and Canada:
1 (888) 627 8834

From Outside North America:
1 (443) 599 1221

Working Hours
Monday – Friday 08:00 am – 17:00 pm EST.

Reach us with your questions by email at: events@liveandinvestoverseas.com

Overseas Havens Reports

Conference Kits

Lahardan Books

Services

VISIT OUR STORE

THE 10 BEST PLACES TO RETIRE IN 2025

FREE REPORT: The 10 Best Places To retire in 2025

Sign up to receive the FREE daily e-letter, Overseas Opportunity Letter and we’ll immediately email you our editors’ latest research report…

We Value Your Privacy! We will not share your email address with anyone else, period.

LIBRARY

Follow Us:

© 2008 - Live and Invest Overseas - All Rights Reserved.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

We Value Your Privacy! We will not share your email address with anyone else, period.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

Sign up for FREE to learn how. Plus, check out our FREE report on THE 10 BEST PLACES TO RETIRE


We Value Your Privacy! We will not share your email address with anyone else, period.