Outstanding foreign debt
Colombian foreign debt stood at
US$33.1 billion, at the end of the third quarter of the year 2000 (40.3% of projected
annual GDP for the year 2000), registering a US$183 million increase from than the level
observed in the same period of 1999. The increase in foreign debt is explained by the
major external liabilities of the public sector (US$1.1 billion), in contrast with the
fall in the private sector's debt which decreased by US$873 million. Of the total foreign
debt 59.6% (US$19.8 billion) corresponds to the public sector, while 40.2% (US$13.3
billion) corresponds to private sector agents. In terms of maturity, 91.5% (US$30.3
billion) is long term debt, and 8.5% (US$2.8 billion) is short term. At the end of the
year 2000 it's estimated that external foreign debt will reach US$34 billion of which
62.4% will be held by the public sector and 37.6% by private sector agents.
OUTSTANDING
FOREIGN DEBT
|
External
debt **1/ US$ 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 |
21,876 |
26.8 |
14,718 |
18.0 |
7,158 |
8.8 |
| 1995 |
24,751 |
26.7 |
15,540 |
16.8 |
9,211 |
10.0 |
| 1996 |
28,947 |
29.8 |
16,249 |
16.7 |
12,698 |
13.1 |
| 1997 |
31,681 |
29.7 |
16,453 |
15.4 |
15,228 |
14.3 |
| 1998 |
33,536 |
33.9 |
18,468 |
18.6 |
15,068 |
15.2 |
|
1999 p |
33,624 |
38.9 |
19,751 |
22.8 |
13,873 |
16.0 |
|
1999 p* |
32,916 |
38.1 |
18,738 |
21.7 |
14,178 |
16.4 |
|
2000 pro |
33,099 |
40.0 |
19,794 |
23.9 |
13,305 |
16.1 |
|
2000 pr* |
33,571 |
40.6 |
20,901 |
25.3 |
12,670 |
15.3 |
|
p: Provisional. pr: Preliminar. pro:
Projected.
*: January-September.
**: 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. |
