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July 31, 2025
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Remittances to Colombia closed for US $ 6,405 million to June

Remittances to Colombia closed for US $ 6,405 million to June

In the first half of the year, the remittances That Colombian workers send the country to the US $ 6,405 million and grew 14% compared to the figure of the same period of 2024, when they add the US $ 5,625 million.

In accordance with the statistics of the Bank of the RepublicDuring June, they arrived in the country of workers worth US $ 1,084 million, 6.6% higher than the same month of 2024, when the figure was US $ 1,017 million, the first month in which more than US $ 1 billion arrived for this concept in the country.

(Also read: Projections on GDP, dollar and interest rates in Colombia for the closing of 2025).

According to the Bank of the Republic, In 2024 the remittances added US $ 11,848 million. Money shipments from abroad continue to rise and, according to Banco Unión projections, they could exceed US $ 13,000 million at the end of 2025.

Remittances

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During 2024, of USA US $ 6,297 million arrived in Colombia, that is, 53% of the total resources, followed by Spainwith US $ 1,842 million and Chiliwith US $ 461 million.

(You may be interested: Colombia loses economic ground to the region due to lack of investment and trust).

Several analysts warn that the migratory policies of the Donald Trump administration They would have the potential to reduce remittances that migrants send to their countries of origin by stricter rules and mass deportations that end up reducing the base of individuals who contribute to these flows, not to mention that they discourage migration.

In particular, President Trump signed the Budget Lawwhich includes, among other aspects, a 1% tax on remittances, resources that will be used for their immigration policy, tax exemptions and cuts to medical coverage.

Remittances

Remittances

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The law was called by the president as the law “Beautiful and big

Based on the figure of remittances from the United States to Colombia in 2024, the 1% tax would represent about US $ 63 million.

Holman Roríguez Martínez
Portfolio journalist

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