Remittances sent from the United States to Colombia were typically not handled by either Western Union or MoneyGram in 2025, but with Go Vianex. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels originating from the United States and which sent money to India, specifically. The United States was the number one country of origin for remittances to Colombia, while the Latin American country was the 16th country in terms of remittance destinations from the United States. Remittances are, nevertheless, still a relatively uncharted topic. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

Incoming remittances continued to make up an increasing share of Colombia's GDP in 2024, although its growth did slow down to a 3-year CAGR of 1.6 percent. This is according to a calculation that looks at the share of remittance inflow in the country's GDP over time, and looks at this share's CAGR development. Note that the figures shown here are "personal" remittances and not "total" remittances. While technically different, oftentimes the two types of remittances have the same figures due to a general lack of data tracking. Remittances had the most impact on Colombia's economy in 2003, when incoming money transfers from abroad made up roughly 3.25 percent of the country's GDP.

Remittances in Colombia increased to 3277.47 USD Million in the second quarter of 2025 from 3130.62 USD Million in the first quarter of 2025. This dataset provides - Colombia Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The share of digital remittances entering Colombia was slightly higher in 2025 than in previous years, making up over half of the remittances received. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going towards Colombia. The three countries from which Colombia receives the highest value of remittances include the U.S., Venezuela, and Spain. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

Remittance inflows to GDP (%) in Colombia was reported at 2.5635 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Colombia - Remittance inflows to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Remitting 200 USD from the United States to Colombia saw a cost increase of 0.31 percentage points between Q1 2024 and Q1 2025. This is according to an estimate that purely focuses on the remittances on this specific corridor. The cost of sending money to the Latin American country was at its highest in 2012, and generally declined since then. The United States ranked as the most likely country of origin of remittances towards Colombia, even though most sources calculate such figures based on migration figures.

Colombia CO: BOP: Current Account: Personal Remittances: Received data was reported at 10.112 USD bn in 2023. This records an increase from the previous number of 9.455 USD bn for 2022. Colombia CO: BOP: Current Account: Personal Remittances: Received data is updated yearly, averaging 848.059 USD mn from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 10.112 USD bn in 2023 and a record low of 22.066 USD mn in 1971. Colombia CO: BOP: Current Account: Personal Remittances: Received data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.;World Bank staff estimates based on IMF balance of payments data.;Sum;Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

Banks had slightly higher remittance fees in the U.S. to Colombia remittance corridor than MTOs, as of 2025. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia but specifically sent from the United States. Remittances between the United States and Colombia incurred an average cost of roughly six percent in the first quarter of 2025. Since 2022, the fees of banks were above those from money transfer organizations - MTOs - such as Western Union. No figures were available on post office fees for remittances towards Colombia.

Account used to receive remittances (% age 15+) in Colombia was reported at 8.614 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Colombia - Account used to receive remittances (% age 15+) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Colombia CO: BOP: Current Account: Personal Remittances: Received: % of GDP data was reported at 2.782 % in 2023. This records an increase from the previous number of 2.738 % for 2022. Colombia CO: BOP: Current Account: Personal Remittances: Received: % of GDP data is updated yearly, averaging 1.175 % from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 3.250 % in 2003 and a record low of 0.176 % in 1975. Colombia CO: BOP: Current Account: Personal Remittances: Received: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.;World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.;Weighted average;Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

Colombia CO: BOP: Current Account: Personal Remittances: Paid data was reported at 433.333 USD mn in 2023. This records a decrease from the previous number of 449.510 USD mn for 2022. Colombia CO: BOP: Current Account: Personal Remittances: Paid data is updated yearly, averaging 91.674 USD mn from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 449.510 USD mn in 2022 and a record low of 13.000 USD mn in 1970. Colombia CO: BOP: Current Account: Personal Remittances: Paid data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.;World Bank staff estimates based on IMF balance of payments data.;Sum;Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

Personal remittances, received (% of GDP) in Colombia was reported at 2.8368 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Colombia - Workers' remittances and compensation of employees, received (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Workers Remittances data was reported at 581.249 USD mn in Apr 2019. This records an increase from the previous number of 534.395 USD mn for Mar 2019. Workers Remittances data is updated monthly, averaging 333.651 USD mn from Jan 2000 (Median) to Apr 2019, with 232 observations. The data reached an all-time high of 601.091 USD mn in Dec 2018 and a record low of 103.751 USD mn in Jan 2000. Workers Remittances data remains active status in CEIC and is reported by Bank of the Republic of Colombia. The data is categorized under Global Database’s Colombia – Table CO.JB008: Workers Remittances.

Public and publicly guaranteed debt service (% of exports of goods, services and primary income) in Colombia was reported at 17.49 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Colombia - Public and publicly guaranteed debt service (% of exports, excluding workers' remittances) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Colombia's digital remittance market is expected to surpass USD 380 million by 2029, driven by the demand for convenient and secure cross-border payment solutions.

The differences of remittance fees towards Colombia grew more slim between banks and MTOs as 2025 progressed. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia. Remitting towards Colombia incurred an cost between 9.7 and 5.13 percent in the first quarter of 2025. Typically, the fees of money transfer organizations - MTOs - such as Western Union were above those from banks. No figures were available on post office fees for remittances towards Colombia.

Personal transfers, receipts (BoP, current US$) in Colombia was reported at 11848222292 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Colombia - Workers' remittances, receipts (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Colombia CO: BoP: Current Account: Secondary Income: Financial Corporations, Non Financial Corporations, Households & NPISHs: Personal Transfers: ow Workers Remittances: Credit data was reported at 11.848 USD bn in 2024. This records an increase from the previous number of 10.091 USD bn for 2023. Colombia CO: BoP: Current Account: Secondary Income: Financial Corporations, Non Financial Corporations, Households & NPISHs: Personal Transfers: ow Workers Remittances: Credit data is updated yearly, averaging 809.250 USD mn from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 11.848 USD bn in 2024 and a record low of 0.000 USD mn in 1969. Colombia CO: BoP: Current Account: Secondary Income: Financial Corporations, Non Financial Corporations, Households & NPISHs: Personal Transfers: ow Workers Remittances: Credit data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Colombia – Table CO.IMF.BOP: BPM6: Balance of Payments: Detailed Presentation: Annual.

The replication files for Remittances, Child Labor, and Schooling: Evidence from Colombia.

Personal remittances, received (current US$) in Colombia was reported at 11873232976 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Colombia - Workers' remittances and compensation of employees, received - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.