The personal remittances received in Colombia increased by 0.7 billion U.S. dollars (+7.41 percent) in 2023 in comparison to the previous year. 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.
Data are in current U.S. dollars. Figures have been rounded. The World Bank's calculations are based on data from the IMF Balance of Payments Statistics database and data releases from central banks, national statistical agencies, and World Bank country desks.
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World Bank. (May 30, 2024). Value of personal remittances in Colombia from 2004 to 2023, based on remittance inflow from any other country (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/439105/value-of-remittances-received-colombia/
World Bank. "Value of personal remittances in Colombia from 2004 to 2023, based on remittance inflow from any other country (in billion U.S. dollars)." Chart. May 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/439105/value-of-remittances-received-colombia/
World Bank. (2024). Value of personal remittances in Colombia from 2004 to 2023, based on remittance inflow from any other country (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/439105/value-of-remittances-received-colombia/
World Bank. "Value of Personal Remittances in Colombia from 2004 to 2023, Based on Remittance Inflow from Any Other Country (in Billion U.S. Dollars)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/439105/value-of-remittances-received-colombia/
World Bank, Value of personal remittances in Colombia from 2004 to 2023, based on remittance inflow from any other country (in billion U.S. dollars) Statista, https://www.statista.com/statistics/439105/value-of-remittances-received-colombia/ (last visited July 22, 2024)
Value of personal remittances in Colombia from 2004 to 2023, based on remittance inflow from any other country (in billion U.S. dollars) [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/439105/value-of-remittances-received-colombia/