Foreign investment
Between January-September of the year
2000, foreign investment amounted to US$1.0 billion, registering an increase of US$110
million with respect to the same period of the year 1999. This behavior is primarily due
to the growth in direct net foreign investment revenues (US$68 million), which is
explained by the higher investments channeled to the communication (US$640 million) and
financial sector (US$196 million), in contrast with the increase of the capital refunds
derived from Oil related activities (US$349 million). Furthermore, portfolio investment
registered net inflows of US$12 million, in contrast to the net outflow of US$30 million
registered during the same period of the preceding year..
FOREIGN INVESTMENT
|
Foreign
Investment 1/ US$ millions
FOREIGN
INVESTMENT |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
Total |
500.5 |
456.9 |
794.7 |
1,104.7 |
1,924.5 |
1,133.0 |
Direct |
500.5 |
456.9 |
728.7 |
959.7 |
1,446.5 |
968.4 |
Oil |
269.6 |
264.1 |
439.6 |
557.3 |
134.7 |
151.3 |
Other sectors |
230.9 |
192.8 |
289.1 |
402.4 |
1,311.8 |
817.0 |
Portfolio |
- |
- |
66.0 |
145.0 |
478.0 |
164.7 |
FOREIGN
INVESTMENT |
1996 |
1997 |
1998 p |
1999 p |
1999 p* |
2000 pr* |
Total |
3,403.8 |
6,231.5 |
2,696.3 |
1,113.8 |
911.6 |
1,021.3 |
Direct |
3,111.6 |
5,639.0 |
2,961.3 |
1,140.7 |
941.6 |
1,009.3 |
Oil |
778.3 |
382.3 |
120.2 |
-914.6 |
-565.5 |
-914.8 |
Other sectors |
2,333.4 |
5,256.7 |
2,841.0 |
2,055.4 |
1,507.1 |
1,924.1 |
Portfolio |
292.2 |
592.5 |
-264.9 |
-26.9 |
-30.0 |
12.0 |
|
p: Provisional. pr:
Preliminar.
*: Up to September.
1/ Since 1994, 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 .
Source: Banco de la República, International Exchange and Economic
Studies Department |
