Economics Consultant salary in Colombia

Average Yearly Salary of Economics Consultant in Colombia is approximately 52,387,900 COP (11,580 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Economics Consultant do?

An economics consultant is a professional who provides expert advice and guidance on economic matters to businesses, governments, and organizations. They analyze economic data, conduct research, and utilize economic theories and models to help clients make informed decisions and develop strategies. Economics consultants may specialize in various areas such as market research, financial analysis, public policy, or international trade. Their responsibilities include assessing economic trends, forecasting market conditions, evaluating the impact of policies and regulations, and recommending strategies for growth and optimization. They may also assist with cost-benefit analysis, feasibility studies, and economic impact assessments. Strong analytical skills, knowledge of economic principles, and proficiency in statistical analysis are essential for this role.

Skills: Economics consultant, Economic analysis, Market research, Financial analysis, Public policy, International trade.
Job industry: Consulting

How much does Economics Consultant make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Economics Consultant a well paid job?

Yes, our data shows that Economics Consultant is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Economics Consultant?

High salary for Economics Consultant would be somewhere between 57,626,690 COP and 75,962,455 COP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Economics Consultant in Colombia?

Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 52,387,900 COP
Estimated Monthly Salary: 4,365,658 COP
Estimated Weekly Salary: 1,007,460 COP per week
Estimated Hourly Salary: 25,186 COP per hour
By working as Economics Consultant a person can save up to 705 USD per month or 8,455 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Colombia, see costs of living in Colombia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Economics Consultant

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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