Annual value of incoming personal remittances in Colombia 2001-2023
In 2023, the personal remittances received in Colombia increased by more than 650 million U.S. dollars (+6.9 percent) since 2022. While the growth is slowing down, with 10.11 billion U.S. dollars, the personal remittances received are at their peak in the observed period.
Personal remittances comprise personal transfers and compensation of employees. Personal transfers include all current transfers between resident and nonresident individuals, while the compensation of employees refers to the income of employees who are employed in an economy where they are not resident, as well as of resident employees employed by nonresident entities.
Find more statistics on other topics about Colombia with key insights such as national gross income per capita, value added by the services industry to the gross domestic product, and value added by the services industry to the gross domestic product.