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The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas.
For instance, the first civil statue placed in a plaza in Colombia was the figure of Bolivar, the main founding father of Colombia. The statue of Bolivar was unveiled on July 20, 1846, which is the Independence Day of Colombia, trying to strengthen the patriotism of the new republic in people of Bogotá and Colombia.
Colombia's international reserves remained stable at around $8.35 billion in the year 2000 growing to $58.57 billion by 2021, [34] and Colombia has successfully remained in international capital markets. Colombia's total foreign debt at the end of 1999 was $34.5 billion with $14.7 billion in private sector and $19.8 billion in public sector debt.
In March 2010, the production cost of a 20,000 Colombian peso note was estimated at 85 pesos. By comparison, 1,000 and 50,000 Colombian peso notes cost 57 and 103 pesos respectively. This difference can be explained by the fact that the higher the value of the note, the more security features are built into it, thus generating higher costs. [ 14 ]
[43] [44] In February 2012 Bogota also introduced 6 cubic meters of free basic water per household for households in classes 1 and 2, covering more than 1.5 million households or 39% of all households. The annual cost is estimated at 60 billion Pesos (USD 33 million). [45]
Map of Colombia Bogotá, Capital of Colombia Medellín Cali Barranquilla Cartagena Cúcuta Santa Marta. This article lists cities and towns in Colombia by population, according to the 2005 census. A city is displayed in bold if it is a capital city of a department.
The overall life expectancy in Colombia at birth is 79.3 years (76.7 years for males and 81.9 years for females). [300] Healthcare reforms have led to massive improvements in the healthcare systems of the country, with health standards in Colombia improving very much since the 1980s.
Before 1990 public monopolies provided electric service. As a result of significant expansion of electricity-generation capacity between 1970 and 1990—financed mostly by foreign loans—and the inefficiencies in the provision of this service, by 1990 about one-third of the nation's public foreign debt was associated with the electricity sector.