Foreign investment
During 1999, foreign investment flows to Colombia stood at US$900 million, US$1.8 billion lower than that of 1998. This reduction is explained primarily because during 1999 there were no additional external resources directed to privatization and because of the lower investment especially the one going to the electric, manufacturing and to petroleum sectors this represented a US$2.3 billion decrease. Capital inflows of direct foreign investments were primarily destined to the financial sector, (18.8%), manufacturing sector, (16.8%) and to the mining sector, (12.1%). On the other hand, portfolio investment registered a net outflow of US$27 million, while in 1998 the net outflow was US$265 million.
FOREIGN INVESTMENT
|
Foreign
Investment 1/ US$ 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 |
1998 p |
1999*p |
|
Total |
1,133.0 |
3,403.8 |
6,231.5 |
2,696.3 |
900.3 |
|
Direct |
968.4 |
3,111.6 |
5,639.0 |
2,961.3 |
927.2 |
|
Oil |
151.3 |
778.3 |
382.3 |
120.0 |
-808.5 |
|
Other sectors |
817.0 |
2,333.4 |
5,256.7 |
2,841.0 |
1,735.7 |
|
Portfolio |
164.7 |
292.2 |
592.5 |
-264.9 |
-26.9 |
|
|
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. |
