Colombia Balance of Payments: Current Account
CO: BOP: Current Account: Balance: % of GDP
CO: BOP: Current Account: Balance: % of GDP data was reported at -1.643 % in 2024. This records an increase from the previous number of -2.261 % for 2023. CO: BOP: Current Account: Balance: % of GDP data is updated yearly, averaging -4.777 % from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 4.776 % in 1991 and a record low of -7.837 % in 1982. CO: BOP: Current Account: Balance: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD);;
| Last | Frequency | Range |
|---|---|---|
| -1.643 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Balance: % of GDP from 1968 to 2024 in the chart:
CO: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts
CO: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts data was reported at 234.121 USD mn in 2024. This records an increase from the previous number of 227.469 USD mn for 2023. CO: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts data is updated yearly, averaging 0.672 USD mn from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 234.121 USD mn in 2024 and a record low of 0.136 USD mn in 1994. CO: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Charges for the use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, franchises), and charges for licenses to reproduce or distribute (or both) intellectual property embodied in produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Sum;
| Last | Frequency | Range |
|---|---|---|
| 234.121 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts from 1968 to 2024 in the chart:
CO: BOP: Current Account: Exports: Goods and Services
CO: BOP: Current Account: Exports: Goods and Services data was reported at 69.193 USD bn in 2024. This records an increase from the previous number of 68.656 USD bn for 2023. CO: BOP: Current Account: Exports: Goods and Services data is updated yearly, averaging 13.141 USD bn from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 73.501 USD bn in 2022 and a record low of 763.000 USD mn in 1968. CO: BOP: Current Account: Exports: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 69,193.140 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Exports: Goods and Services from 1968 to 2024 in the chart:
CO: BOP: Current Account: Exports: Goods, Services and Primary Income
CO: BOP: Current Account: Exports: Goods, Services and Primary Income data was reported at 78.678 USD bn in 2024. This records an increase from the previous number of 77.619 USD bn for 2023. CO: BOP: Current Account: Exports: Goods, Services and Primary Income data is updated yearly, averaging 13.857 USD bn from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 80.476 USD bn in 2022 and a record low of 787.000 USD mn in 1968. CO: BOP: Current Account: Exports: Goods, Services and Primary Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 78,677.523 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Exports: Goods, Services and Primary Income from 1968 to 2024 in the chart:
CO: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports
CO: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data was reported at 28.112 % in 2024. This records a decrease from the previous number of 28.529 % for 2023. CO: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data is updated yearly, averaging 14.616 % from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 40.562 % in 2020 and a record low of 11.560 % in 1976. CO: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Communications, computer, information, and other services cover international telecommunications; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; manufacturing services on physical inputs owned by others; and maintenance and repair services and government services not included elsewhere. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 32.876 2023 | yearly | 1968 - 2023 |
View Colombia's CO: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports from 1968 to 2023 in the chart:
CO: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports
CO: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data was reported at 1.281 % in 2024. This records an increase from the previous number of 1.178 % for 2023. CO: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data is updated yearly, averaging 5.107 % from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 16.500 % in 1990 and a record low of 0.814 % in 2016. CO: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 1.281 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports from 1968 to 2024 in the chart:
CO: BOP: Current Account: Exports: Service: Transport: % of Service Exports
CO: BOP: Current Account: Exports: Service: Transport: % of Service Exports data was reported at 16.573 % in 2024. This records a decrease from the previous number of 17.198 % for 2023. CO: BOP: Current Account: Exports: Service: Transport: % of Service Exports data is updated yearly, averaging 27.893 % from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 47.978 % in 1969 and a record low of 16.573 % in 2024. CO: BOP: Current Account: Exports: Service: Transport: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 16.573 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Exports: Service: Transport: % of Service Exports from 1968 to 2024 in the chart:
CO: BOP: Current Account: Exports: Service: Travel: % of Service Exports
CO: BOP: Current Account: Exports: Service: Travel: % of Service Exports data was reported at 48.054 % in 2024. This records an increase from the previous number of 47.192 % for 2023. CO: BOP: Current Account: Exports: Service: Travel: % of Service Exports data is updated yearly, averaging 51.668 % from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 55.265 % in 2001 and a record low of 22.456 % in 1985. CO: BOP: Current Account: Exports: Service: Travel: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 48.054 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Exports: Service: Travel: % of Service Exports from 1968 to 2024 in the chart:
CO: BOP: Current Account: Imports: Goods and Services
CO: BOP: Current Account: Imports: Goods and Services data was reported at 78.745 USD bn in 2024. This records an increase from the previous number of 76.422 USD bn for 2023. CO: BOP: Current Account: Imports: Goods and Services data is updated yearly, averaging 16.425 USD bn from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 89.569 USD bn in 2022 and a record low of 858.000 USD mn in 1968. CO: BOP: Current Account: Imports: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 78,744.564 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Imports: Goods and Services from 1968 to 2024 in the chart:
CO: BOP: Current Account: Imports: Goods, Services and Primary Income
CO: BOP: Current Account: Imports: Goods, Services and Primary Income data was reported at 101.065 USD bn in 2024. This records an increase from the previous number of 98.824 USD bn for 2023. CO: BOP: Current Account: Imports: Goods, Services and Primary Income data is updated yearly, averaging 19.204 USD bn from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 113.630 USD bn in 2022 and a record low of 982.000 USD mn in 1968. CO: BOP: Current Account: Imports: Goods, Services and Primary Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 101,064.792 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Imports: Goods, Services and Primary Income from 1968 to 2024 in the chart:
CO: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports
CO: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data was reported at 33.517 % in 2024. This records a decrease from the previous number of 36.073 % for 2023. CO: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data is updated yearly, averaging 18.594 % from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 38.779 % in 2020 and a record low of 13.087 % in 1994. CO: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Communications, computer, information, and other services cover international telecommunications; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; manufacturing services on physical inputs owned by others; and maintenance and repair services and government services not included elsewhere. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 33.517 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports from 1968 to 2024 in the chart:
CO: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports
CO: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data was reported at 9.274 % in 2024. This records a decrease from the previous number of 10.282 % for 2023. CO: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data is updated yearly, averaging 12.434 % from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 25.455 % in 2020 and a record low of 6.982 % in 1976. CO: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 10.350 2023 | yearly | 1968 - 2023 |
View Colombia's CO: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports from 1968 to 2023 in the chart:
CO: BOP: Current Account: Imports: Service: Transport: % of Service Imports
CO: BOP: Current Account: Imports: Service: Transport: % of Service Imports data was reported at 24.490 % in 2024. This records an increase from the previous number of 24.482 % for 2023. CO: BOP: Current Account: Imports: Service: Transport: % of Service Imports data is updated yearly, averaging 35.962 % from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 51.089 % in 1982 and a record low of 19.412 % in 2017. CO: BOP: Current Account: Imports: Service: Transport: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 24.490 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Imports: Service: Transport: % of Service Imports from 1968 to 2024 in the chart:
CO: BOP: Current Account: Imports: Service: Travel: % of Service Imports
CO: BOP: Current Account: Imports: Service: Travel: % of Service Imports data was reported at 32.712 % in 2024. This records an increase from the previous number of 29.167 % for 2023. CO: BOP: Current Account: Imports: Service: Travel: % of Service Imports data is updated yearly, averaging 33.009 % from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 38.970 % in 1987 and a record low of 13.381 % in 2020. CO: BOP: Current Account: Imports: Service: Travel: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 32.712 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Imports: Service: Travel: % of Service Imports from 1968 to 2024 in the chart:
CO: BOP: Current Account: Net Trade: Goods and Services
CO: BOP: Current Account: Net Trade: Goods and Services data was reported at -9.551 USD bn in 2024. This records a decrease from the previous number of -7.766 USD bn for 2023. CO: BOP: Current Account: Net Trade: Goods and Services data is updated yearly, averaging -3.285 USD bn from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 2.740 USD bn in 1991 and a record low of -20.001 USD bn in 2021. CO: BOP: Current Account: Net Trade: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| -9,551.424 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Net Trade: Goods and Services from 1968 to 2024 in the chart:
CO: BOP: Current Account: Personal Remittances: Paid
CO: BOP: Current Account: Personal Remittances: Paid data was reported at 433.333 USD mn in 2023. This records a decrease from the previous number of 449.510 USD mn for 2022. CO: BOP: Current Account: Personal Remittances: Paid data is updated yearly, averaging 91.674 USD mn from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 449.510 USD mn in 2022 and a record low of 13.000 USD mn in 1970. CO: BOP: Current Account: Personal Remittances: Paid data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.;World Bank staff estimates based on IMF balance of payments data.;Sum;Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).
| Last | Frequency | Range |
|---|---|---|
| 433.333 2023 | yearly | 1970 - 2023 |
View Colombia's CO: BOP: Current Account: Personal Remittances: Paid from 1970 to 2023 in the chart:
CO: BOP: Current Account: Personal Remittances: Received
CO: BOP: Current Account: Personal Remittances: Received data was reported at 10.112 USD bn in 2023. This records an increase from the previous number of 9.455 USD bn for 2022. CO: BOP: Current Account: Personal Remittances: Received data is updated yearly, averaging 848.059 USD mn from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 10.112 USD bn in 2023 and a record low of 22.066 USD mn in 1971. CO: BOP: Current Account: Personal Remittances: Received data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.;World Bank staff estimates based on IMF balance of payments data.;Sum;Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).
| Last | Frequency | Range |
|---|---|---|
| 10,111.593 2023 | yearly | 1970 - 2023 |
View Colombia's CO: BOP: Current Account: Personal Remittances: Received from 1970 to 2023 in the chart:
CO: BOP: Current Account: Personal Remittances: Received: % of GDP
CO: BOP: Current Account: Personal Remittances: Received: % of GDP data was reported at 2.835 % in 2024. This records an increase from the previous number of 2.761 % for 2023. CO: BOP: Current Account: Personal Remittances: Received: % of GDP data is updated yearly, averaging 0.725 % from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 3.250 % in 2003 and a record low of 0.176 % in 1975. CO: BOP: Current Account: Personal Remittances: Received: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.;Staff estimates, World Bank (WB); IMF balance of payments data, International Monetary Fund (IMF); World Bank GDP estimates, World Bank (WB); OECD GDP estimates, Organisation for Economic Co-operation and Development (OECD);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 2.835 2024 | yearly | 1970 - 2024 |
View Colombia's CO: BOP: Current Account: Personal Remittances: Received: % of GDP from 1970 to 2024 in the chart:
CO: BOP: Current Account: Secondary Income: Net
CO: BOP: Current Account: Secondary Income: Net data was reported at 15.507 USD bn in 2024. This records an increase from the previous number of 12.922 USD bn for 2023. CO: BOP: Current Account: Secondary Income: Net data is updated yearly, averaging 705.876 USD mn from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 15.507 USD bn in 2024 and a record low of 31.000 USD mn in 1968. CO: BOP: Current Account: Secondary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| 15,507.155 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Secondary Income: Net from 1968 to 2024 in the chart:
CO: BOP: Current Account: Secondary Income: Receipts
CO: BOP: Current Account: Secondary Income: Receipts data was reported at 17.126 USD bn in 2024. This records an increase from the previous number of 14.413 USD bn for 2023. CO: BOP: Current Account: Secondary Income: Receipts data is updated yearly, averaging 923.615 USD mn from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 17.126 USD bn in 2024 and a record low of 38.000 USD mn in 1968. CO: BOP: Current Account: Secondary Income: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Sum;
| Last | Frequency | Range |
|---|---|---|
| 17,125.913 2024 | yearly | 1968 - 2024 |
View Colombia's CO: BOP: Current Account: Secondary Income: Receipts from 1968 to 2024 in the chart:
CO: BOP: Current Account: Trade in Services: % of GDP
CO: BOP: Current Account: Trade in Services: % of GDP data was reported at 8.739 % in 2024. This records a decrease from the previous number of 9.005 % for 2023. CO: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 5.715 % from Dec 1968 (Median) to 2024, with 57 observations. The data reached an all-time high of 9.242 % in 2022 and a record low of 4.904 % in 1995. CO: BOP: Current Account: Trade in Services: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 8.739 2024 | yearly | 1968 - 2024 |