|
Between January and June of 2001, the Colombian current account of the balance of
payments presented a US$1.1 billion deficit, (2.9% of quarterly GDP), higher in US$1.0
billion than the deficit for the same period of the preceding year. This result was due to
the commercial surplus reduction from US$1.1 billion in 2000 to US$81 million in 2001 and
by the higher earning and profits expenditures (US$136 million) in contrast with the
increase in current transfer revenues (US$232 million). On the other hand, the capital
account presented net income of US$1.4 billion, US$1.1 billion higher than in the same
period of the year 2000. This net inflow is explained by the behavior of long-term
capital, whose inflows grew by US$3.0 billion in contrast with the short-term capital
outflows, which amounted US$1.7 billion. At June of 2001, international reserves stood at
US$9.3 billion, equivalent to 8.9 months of goods import, 7.0 months of goods and services
imports, and 2.6 times the short-term external debt balance.
BALANCE OF PAYMENTS 1/
(US$ millions)
| |
2000 pr |
2000 pr |
2000 pr |
2000 pr |
2000 pr |
2001 pr |
2001 pr |
| I Q. |
II Q. |
III Q. |
IV Q. |
I Q. |
II Q. |
| I. CURRENT ACCOUNT |
-81 |
-24 |
263 |
148 |
305 |
-693 |
-453 |
| Trade balance |
540 |
542 |
764 |
685 |
2.531 |
37 |
44 |
| Non-factorial services |
-266 |
-305 |
-311 |
-355 |
-1.237 |
-313 |
-343 |
| Factorial income |
-729 |
-661 |
-599 |
-588 |
-2.577 |
-829 |
-749 |
| Current transfers |
375 |
400 |
409 |
405 |
1.589 |
413 |
594 |
| II. CAPITAL AND FINANCIAL
ACCOUNT |
156 |
72 |
51 |
360 |
638 |
883 |
474 |
| Long-term financial
flows |
521 |
-135 |
784 |
895 |
2.065 |
1.073 |
1.939 |
| Net direct investment |
310 |
371 |
702 |
668 |
2.051 |
496 |
745 |
| External
debt 2/ |
211 |
-507 |
83 |
227 |
14 |
577 |
1.194 |
| Other long-term movements |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
| Short-term financial
flows |
-365 |
208 |
-734 |
-536 |
-1.427 |
-190 |
-1.465 |
| Portfolio investment |
-114 |
-304 |
-343 |
-236 |
-997 |
-437 |
-1.500 |
| Other short-term
movements 3/ |
-251 |
512 |
-391 |
-300 |
-430 |
247 |
35 |
| III. OTHERS |
140 |
53 |
3 |
-271 |
-75 |
120 |
42 |
| IV. CHANGE IN NET
INTERNATIONAL RESERVES |
215 |
102 |
316 |
236 |
869 |
310 |
63 |
| V. CURRENT ACCOUNT / GDP
(%) 4/ |
-0,4 |
-0,1 |
1,3 |
0,7 |
0,4 |
-3,5 |
-2,2 |
Pr: Preliminar p: Provisional.
1/ The statistics correspond to the new measurement of the Balance of Payments, according
to the Balance of Payments Methodology of the 5th Edition International
Monetary Fund Balance of Payments Manual .
2/ Includes loans, commercial credit, leases and bonds.
3/ Includes loans and commercial credit.
4/ This indicator is published by DANE and calculated according to the quarterly nominal
GDP in pesos.
Source: Banco de la República, Economic Studies. |
