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Foreign investment

At the end of the third quarter of 2001, foreign investment in Colombia reached US$1.7 billions with a US$122 million (m) growth with regards to the registered in the same period of the previous year. This result is due to the increase of direct investment flows (US$148 m), especially in the petroleum sector that in 2001 obtained income for US$217 m, while in the previous year registered expenditures of US$488 m. Direct investments with destiny to the rest of sectors, which registered a decrease of US$557 m and added US$1.513 m, were principally channeled to communications, mining and quarries and to the industrial sector. On the other hand, portfolio investment registered net capital outflows of US$14 m, while one year behind, net incomes were US$12 m.

FOREIGN INVESTMENT


Foreign Investment 1/ US$ millions
FOREIGN
INVESTMENT
1990 1991 1992 1993 1994 1995 1996
Total 500.5 456.9 794.7 1,104.7 1,924.5 1,133.0 3,403.8
Direct 500.5 456.9 728.7 959.7 1,446.5 968.4 3,111.7
    Oil 269.6 264.1 439.6 557.3 134.7 151.3 778.3
    Other sectors 230.9 192.8 289.1 402.4 1,311.8 817.0 2,333.4
Portfolio - - 66.0 145.0 478.0 164.7 292.2
FOREIGN
INVESTMENT
1997 1998  1999 p 2000 pr 2000 pr* 2001pr*  
Total 6,154.9 2,563.5 1,441.1 2,393.1 1,594.5 1,716.4  
Direct 5,562.4 2,828.4 1,468.0 2,376.0 1,582.5 1,730.4  
    Oil 382.3 91.1 -550.9 -637.0 -487.7 217.2  
    Other sectors 5,180.1 2,737.3 2,018.9 3,013.0 2,070.2 1,513.2  
Portfolio 592.5 -264.9 -26.9 17.1 12.0 -14.0  

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


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