Statistics report with remittance inflow estimates to Colombia
Migrants sending money back home to Colombia is an important part of the country's economy. How big are these cross-border payments, and how are done?
This report provides an overview of the incoming remittance flows with Colombia as their destination. How much does this country rely on remittances? How many of such money transfers are initiated with cash or through digital means? And which type companies and brands are used?
The report aims to provide both a general overview as well as provide insights on two specific remittance corridors, namely the United States to Colombia, and Spain to Colombia. Data gaps were observed for other corridors with Colombia, such as Venezuela, Ecuador, Chile, Canada, Panama, Italy, Australia, and France.
Note that remittances are a relatively undocumented topic as of 2024, due to tracking issues or a general lack of reporting. All figures are therefore estimates. There are also no figures yet on high frequency flows (e.g. monthly data), or the different types of remittance flows, such as unregulated (cash) flows.
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