Foreign investment
During the first quarter of 1999,
foreign investment flows to Colombia reached US$443 million, US$446 million lower than in
the same period of 1998. This reduction is explained by the lower net direct investment
revenues which decreased by US$338 million, especially those going to the communication
and financial sectors. Direct investments was channeled primarily to the mining sector,
particularly to coal projects, to the manufacturing sector and to the financial system.
Portfolio investment registered a net outflow of US$15 million during the first quarter of
1999, in the same period of 1998 portfolio investment registered a net inflow of US$93
million.
FOREIGN INVESTMENT
|
Foreign
Investment 1/ US$ millions
FOREIGN
INVESTMENT |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
Total |
576.2 |
500.5 |
456.9 |
794.7 |
1,104.7 |
1,922.5 |
Direct |
576.2 |
500.5 |
456.9 |
728.7 |
959.7 |
1,444.5 |
Oil |
359.5 |
269.6 |
264.1 |
439.6 |
557.3 |
132.7 |
Other
sectors |
216.7 |
230.9 |
192.8 |
289.1 |
402.4 |
1,311.8 |
Portfolio |
- |
- |
- |
66.0 |
145.0 |
478.0 |
FOREIGN
INVESTMENT |
1995 |
1996 |
1997 p |
1998 p |
1998*p |
1999*p |
Total |
1,133.0 |
3,415.0 |
6,293.7 |
2,717.6 |
888.8 |
443.0 |
Direct |
968.3 |
3,122.8 |
5,701.2 |
2,982.6 |
795.8 |
458.0 |
Oil |
151.3 |
789.4 |
380.4 |
-41.9 |
74.4 |
79.0 |
Other
sectors |
817.0 |
2,333.4 |
5,320.8 |
3,024.5 |
721.4 |
379.0 |
Portfolio |
164.7 |
292.2 |
592.5 |
-265.0 |
93.0 |
-15.0 |
|
p:
Provisional.
* Up to first quarter.
1/ Since 1994, the statistics correspond to the new Balance of
Payment measure, according with the Balance of Payment Methodology of the International
Monetary Fund Balance of Payment Manual 5th Edition.
Source: Banco de la República - International Exchange and Economic Studies
Department. |
