Foreign investment
During January-September of 1999,
net capital revenues of foreign investment to Colombia stood at US$1.0 billion, US$737
million (42.1%) lower than in the same period of 1998. This reduction is explained by the
lower net direct investment revenues, US$912 million, especially those going to the
communication, financial and electric sectors and to petroleum related activities. Direct
foreign investments was channeled primarily to the manufacturing sector, to the trade
sector, to the mining sector, and to the services sector which together reached 80% of the
total. On the other hand, portfolio investment registered a net outflow of US$35 million
during January-September of 1999. During 1999 a US$ 1.3 billion foreign investment inflow
is expected.
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 |
3,404.0 |
6,231.8 |
2,642.0 |
1,749.0 |
1,012.0 |
Direct |
968.3 |
3,111.8 |
5,639.3 |
2,907.0 |
1,959.0 |
1,047.0 |
Oil |
151.3 |
778.4 |
382.3 |
120.0 |
181.0 |
-489.0 |
Other sectors |
817.0 |
2,333.4 |
5,257.0 |
2,787.0 |
1,778.0 |
1,536.0 |
Portfolio |
164.7 |
292.2 |
592.5 |
-265.0 |
-210.0 |
-35.0 |
|
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. |
