Remittance inflows to GDP in Colombia
Colombia: Remittance inflows to GDP was 2.6% in 2020. ◆ Volatile
Remittance inflows to GDP in Colombia, 1970–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Colombia stood at 2.6%.
Compared with earlier readings it is up 16.4% on the previous year and up 82.2% over ten years.
Over the whole period, remittance inflows to gdp in Colombia peaked at 3.3% in 2003 and was at its lowest, 0.2%, in 1975.
Colombia ranks 95th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Colombia, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 0.4% | — |
| 1971 | 0.3% | -21.9% |
| 1972 | 0.3% | -6.8% |
| 1973 | 0.3% | +9.9% |
| 1974 | 0.3% | +1.0% |
| 1975 | 0.2% | -39.8% |
| 1976 | 0.3% | +89.3% |
| 1977 | 0.4% | +26.3% |
| 1978 | 0.3% | -22.4% |
| 1979 | 0.4% | +10.9% |
| 1980 | 0.3% | -12.2% |
| 1981 | 0.4% | +38.6% |
| 1982 | 0.2% | -49.2% |
| 1983 | 0.2% | -16.7% |
| 1984 | 0.2% | +9.7% |
| 1985 | 0.3% | +54.6% |
| 1986 | 1.2% | +277.7% |
| 1987 | 1.7% | +44.3% |
| 1988 | 1.2% | -32.0% |
| 1989 | 1.2% | +1.1% |
| 1990 | 1.0% | -12.4% |
| 1991 | 1.8% | +73.2% |
| 1992 | 1.1% | -38.8% |
| 1993 | 0.7% | -35.8% |
| 1994 | 1.2% | +68.4% |
| 1995 | 0.9% | -25.7% |
| 1996 | 0.8% | -12.0% |
| 1997 | 0.7% | -6.4% |
| 1998 | 0.8% | +12.9% |
| 1999 | 1.5% | +86.0% |
| 2000 | 1.6% | +5.9% |
| 2001 | 2.1% | +29.9% |
| 2002 | 2.5% | +20.9% |
| 2003 | 3.3% | +28.4% |
| 2004 | 2.7% | -16.2% |
| 2005 | 2.3% | -15.7% |
| 2006 | 2.4% | +5.0% |
| 2007 | 2.2% | -10.3% |
| 2008 | 2.0% | -7.9% |
| 2009 | 1.8% | -10.9% |
| 2010 | 1.4% | -20.7% |
| 2011 | 1.2% | -12.9% |
| 2012 | 1.1% | -11.5% |
| 2013 | 1.2% | +7.5% |
| 2014 | 1.1% | -6.1% |
| 2015 | 1.7% | +55.9% |
| 2016 | 1.8% | +7.7% |
| 2017 | 1.9% | +1.6% |
| 2018 | 2.0% | +7.1% |
| 2019 | 2.2% | +10.3% |
| 2020 | 2.6% | +16.4% |
Colombia compared with similar countries
- Colombia's 2.6% is below the median for upper middle income countries, which is 4.0%, 64% of the median. (58 countries reporting)
- Colombia's 2.6% is below the median for Latin America & Caribbean, which is 3.3%, 78% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Remittance inflows to GDP in Colombia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | +277.7% | 0.3% | 1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3% | 0.2% | 0.4% | 10 |
| 1980s | 0.7% | 0.2% | 1.7% | 10 |
| 1990s | 1.1% | 0.7% | 1.8% | 10 |
| 2000s | 2.3% | 1.6% | 3.3% | 10 |
| 2010s | 1.6% | 1.1% | 2.2% | 10 |
| 2020s | 2.6% | 2.6% | 2.6% | 1 |
Countries ranked near Colombia
More financial sector data for Colombia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.68 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.26 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.68 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in Colombia?
- Remittance inflows to gdp in Colombia was 2.6% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Colombia?
- The highest recorded value was 3.3% in 2003.
- What is the lowest remittance inflows to gdp recorded in Colombia?
- The lowest recorded value was 0.2% in 1975.
- How does Colombia rank for remittance inflows to gdp?
- Colombia ranks 95th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Colombia?
- Over the last ten years it is up 82.2%. The long-run trend across the full record is volatile.
- Where does this Colombia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.