The number of remittances by Colombian workers from abroad in the first 11 months of the year already clearly exceeds the number that arrived in the country during the same period of 2019, exactly a year when there was a record of shipments.
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According to statistics consolidated by the Banco de la República, at the end of the eleventh month of the year, the total accumulated amount of these resources is $ 6,209.3 million, a figure that is 1.92 percent higher than the amount stated in November was collected. 2019, when the amount reached $ 6,092.8 million.
According to the Issuer’s figures, $ 600 million of these remittances arrived in the country in November, a figure 14.7 percent higher than the 523 million that arrived in the same month of 2019.
It should be remembered that in 2019 Colombia registered a record in the arrival of remittances from workers abroad with $ 6,733 million and how the trends are going, this year the record would be broken again despite the hard impact of the pandemic on April, down 39 percent per year, bringing the figure to $ 349.1 million.
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This is because traditionally the month of December is usually one of the highest in shipping amounts, due to the end of the year season. In fact, if the transfer in December equals December 2017, when they reached $ 536.3 million, the accumulated bill for 2020 would total $ 6,745 million, above the 2019 historical record of $ 6,733 million . Dollars.
This is how the remittance figures fare this year compared to 2018 and 2019:
And if the figure is comparable to last December, when transfers were $ 640.3 million, remittances would enter the country by 2020 for about $ 6,849 million, or an increase of 1.7 percent. compared to 2019.
With the onset of the pandemic in China at the beginning of the year and its spread to all countries of the world and in anticipation of the paralysis of economic activities to protect the population, 715 million dollars came in in March, the highest historical figure since when the figures were consolidated by Banco de la República.
As a result of the strong crisis experienced by the effects of the governments’ fight against the spread of the coronavirus, there was a sharp drop in the arrival of these funds in April, which is considered the worst month according to activity indicators. economical.
Remittances to Colombia are mainly from the United States and Spain, although in recent years there has also been a revival in destinations such as France, Argentina and Chile.
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TIME