Volume of remittances (in United States dollars) as a proportion of in Colombia
Colombia: Volume of remittances (in United States dollars) as a proportion of was 2.8% in 2024. ▲ Rising
Latest (2024)
2.8%
Change on year
up 2.7%
World rank
91st
of 203 countries
All-time high
3.3%
in 2003
All-time low
1.1%
in 2012
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Colombia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Colombia is 2.8%, measured in 2024.
That represents a change of up 2.7% on the previous year and up 159.4% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Colombia peaked at 3.3% in 2003 and was at its lowest, 1.1%, in 2012.
That places Colombia 91st out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.6% | — |
| 2001 | 2.1% | +29.9% |
| 2002 | 2.5% | +20.9% |
| 2003 | 3.3% | +28.4% |
| 2004 | 2.7% | -16.2% |
| 2005 | 2.3% | -15.6% |
| 2006 | 2.4% | +4.9% |
| 2007 | 2.2% | -10.3% |
| 2008 | 2.0% | -8.0% |
| 2009 | 1.8% | -10.9% |
| 2010 | 1.4% | -20.7% |
| 2011 | 1.2% | -13.0% |
| 2012 | 1.1% | -11.5% |
| 2013 | 1.2% | +7.4% |
| 2014 | 1.1% | -6.2% |
| 2015 | 1.7% | +56.0% |
| 2016 | 1.8% | +7.8% |
| 2017 | 1.9% | +1.6% |
| 2018 | 2.0% | +7.1% |
| 2019 | 2.2% | +10.3% |
| 2020 | 2.6% | +16.3% |
| 2021 | 2.7% | +5.5% |
| 2022 | 2.7% | +1.2% |
| 2023 | 2.8% | +0.9% |
| 2024 | 2.8% | +2.7% |
Colombia compared with similar countries
- Colombia's 2.8% is below the median for upper middle income countries, which is 3.6%, 78% of the median. (53 countries reporting)
- Colombia's 2.8% is below the median for Latin America & Caribbean, which is 2.8%, 100% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.3% | 1.6% | 3.3% | 10 |
| 2010s | 1.6% | 1.1% | 2.2% | 10 |
| 2020s | 2.7% | 2.6% | 2.8% | 5 |
Countries ranked near Colombia
- 88 Burkina Faso 2.9% compare
- 89 Sudan 2.9% compare
- 90 Sint Maarten (Dutch part) 2.8% compare
- 92 Democratic Republic of the Congo 2.8% compare
- 93 North Macedonia 2.7% compare
- 94 Luxembourg 2.7% compare
More economy & growth data for Colombia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.41 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 4.82 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0105 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 90.31 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.57 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -15.44 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0253 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 216.58 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.31 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Colombia?
- Volume of remittances (in united states dollars) as a proportion of in Colombia was 2.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Colombia?
- The highest recorded value was 3.3% in 2003.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Colombia?
- The lowest recorded value was 1.1% in 2012.
- How does Colombia rank for volume of remittances (in united states dollars) as a proportion of?
- Colombia ranks 91st out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Colombia?
- Over the last ten years it is up 159.4%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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