Annual value of outgoing personal remittances in Colombia 2000-2022
The value of personal remittances sent from Colombia increased by 33.3 million U.S. dollars (+8.63 percent) in 2022 in comparison to the previous year. With 419.02 million U.S. dollars, the value thereby reached its highest value 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.