Colombia's International Remittance Market Poised for Continued Growth Through 2028: Regional Remittance Flow Dynamics, Detailed Market Insights, Performance Overview - ResearchAndMarkets.com
Recent analysis presents a comprehensive overview of the substantial growth experienced in the international remittance market in Colombia.
- Recent analysis presents a comprehensive overview of the substantial growth experienced in the international remittance market in Colombia.
- Forecasts suggest that inbound remittances are set to increase from US$ 9.93 billion in 2023 to an anticipated US$ 12.17 billion by 2028.
- This projection marks a significant expansion, underpinned by a stable Compound Annual Growth Rate (CAGR) of 3.7% over the five-year period.
- Similarly, the outbound remittance sector has experienced an uptrend, with a 4.8% growth during 2023, leading to a projected value of US$ 464.6 million in 2024.