Outstanding foreign debt
At the end of the first quarter of the
year 2000, Colombian foreign debt stood at US$34.3 billion, 0.2% higher than the level
observed in the same period of 1999. This amount represents 40.8% of projected 2000 annual
GDP. The increase in foreign debt is explained by the growth in the public sector’s
debt (US$1.2 billion), contrasted with the private sector’s debt which decreased in
US$1.1 billion. By sectors, 57.6% of the total external financing corresponds to the
public sector and 42.4% to private sector agents. Of the total foreign debt, 88% (US$30.5
billion) is long term, and 11.1% is short term (US$3.8 billion). At the end of the year
2000, it’s expected that the foreign debt will reach US$36.0 billion of which, 59.4%
will be held by the public sector and 40.6% by the private one.
OUTSTANDING
FOREIGN DEBT
|
External
debt **1/ US$ millions
| YEAR |
TOTAL |
% GDP |
PUBLIC |
% GDP |
PRIVATE |
% GDP |
1986 |
16,100 |
46.1 |
12,782 |
36.6 |
3,318 |
9.5 |
| 1987 |
17,512 |
48.1 |
14,068 |
38.7 |
3,444 |
9.5 |
| 1988 |
17,935 |
45.7 |
14,134 |
36.0 |
3,801 |
9.7 |
| 1989 |
17,588 |
44.5 |
14,815 |
37.5 |
2,772 |
7.0 |
| 1990 |
17,992 |
44.7 |
15,471 |
38.4 |
2,522 |
6.3 |
| 1991 |
17,335 |
40.8 |
15,171 |
35.7 |
2,165 |
5.1 |
| 1992 |
17,278 |
35.1 |
14,416 |
29.3 |
2,862 |
5.8 |
| 1993 |
18,888 |
33.8 |
14,254 |
25.5 |
4,634 |
8.3 |
| 1994 |
21,840 |
26.7 |
14,718 |
18.0 |
7,122 |
8.7 |
| 1995 |
24,912 |
26.9 |
15,540 |
16.8 |
9,372 |
10.1 |
| 1996 |
29,511 |
30.4 |
16,249 |
16.7 |
13,262 |
13.7 |
| 1997 |
32,044 |
30.0 |
16,453 |
15.4 |
15,591 |
14.6 |
| 1998 |
33,937 |
34.2 |
18,468 |
18.6 |
15,468 |
15.6 |
|
1999 p |
34,520 |
40.0 |
19,751 |
22.9 |
14,770 |
17.1 |
|
1999 p* |
34,201 |
39.6 |
18,605 |
21.5 |
15,596 |
18.0 |
|
2000 p* |
34,266 |
40.8 |
19,751 |
23.5 |
14,515 |
17.3 |
|
2000 pro |
35,996 |
42.8 |
21,385 |
25.5 |
14,611 |
17.4 |
|
p: Provisional. *: January-March. Pro:
Projected
**: Does not include leasing.
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, Economic Studies and International
Exchange Department. |
