Outstanding foreign debt
At the end of the first quarter of
2001, Colombian foreign debt stood at US$34.1 billion (41.4% of projected annual GDP),
displaying a US$334 million change from the level observed in the same period of 2000.
This growth rate was explained by the higher external liabilities of the public sector
(US$309 million) and of the private sector (US$25 million). By sectors, of the total
foreign financing, 60.3% (US$20.6 billion) corresponds to the public sector and the 39.7%
(US$13.5 billion) to the private sector. In terms of maturity, 90.4% (US$30.8 billion) is
long term debt, and the rest is short term 9.6%, (US$3.3 billion). It is estimated that at
the end of the year 2001, foreign debt will reach US$36.8 billion of which US$23.3 billion
will be held by the public sector and US$13.6 billion by private sector agents.
OUTSTANDING
FOREIGN DEBT
|
External
debt 1/** US$ millions
| YEAR |
TOTAL |
% GDP |
PUBLIC |
% GDP |
PRIVATE |
% GDP |
| 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 |
21,875 |
26.8 |
14,718 |
18.0 |
7,157 |
8.8 |
| 1995 |
24,752 |
26.7 |
15,541 |
16.8 |
9,211 |
10.0 |
| 1996 |
28,949 |
29.8 |
16,251 |
16.7 |
12,698 |
13.1 |
| 1997 |
31,683 |
29.7 |
16,455 |
15.4 |
15,227 |
14.3 |
| 1998 |
33,537 |
33.9 |
18,468 |
18.7 |
15,068 |
15.3 |
|
1999 p |
33,623 |
38.8 |
19,751 |
22.8 |
13,873 |
16.0 |
|
2000 pr |
33,751 |
40.7 |
20,250 |
24.4 |
13,501 |
16.3 |
|
2001 pr* |
34,085 |
41.4 |
20,559 |
25.0 |
13,526 |
16.4 |
|
p: Provisional. pr: Preliminar.
*: January-March.
**: 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. |
