Costs
Competitive Costs
In comparison with other major cities in Latin America, Bogota has a competitive cost structure. Given the quality of human resources and operating environment, it offers an excellent cost-benefit ratio.
This section presents just a few examples of costs in Bogota.
Please see Sectors for detailed information on costs in particular sectors.
Salaries
Salaries at all levels are competitive in Bogota. The following chart shows an example for skilled industrial workers.
Income of Skilled Industrial Workers* (2009)
* Skilled worker with vocational training and about 10 years’ experience with a large company in the metalworking industry; approx. 35 years old, married, two children
Source: UBS, Prices and Earnings 2009
* Skilled worker with vocational training and about 10 years’ experience with a large company in the metalworking industry; approx. 35 years old, married, two children
Source: UBS, Prices and Earnings 2009
Real Estate
Bogota has competitive real estate costs. The following charge shows an example for high end offices.
Average Rental Costs for a Class A Building (2008-2009)
Source: Colliers, Latin America Real Estate Review 2008-2009
Source: Colliers, Latin America Real Estate Review 2008-2009
Other Services
A cost comparison of a basket of 27 basic personal and corporate services indicates that overall costs for services in Bogota are competitive.
Cost of Services* (2009)
* Methodology: Weighted basket of 27 services
Source: UBS, Prices and Earnings 2009
* Methodology: Weighted basket of 27 services
Source: UBS, Prices and Earnings 2009
Updated (mm/dd/yyyy): 05.20.2010
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