Outstanding foreign debt
During 1997, Colombian foreign
indebtedness grew by 6.0%, from US$32.0 billion in 1997 to US$33.9 billion in 1998, of
which 54.1% (US$18.4 billion) correspond to the public sector and 45.9% (US$15.6 billion)
to the private sector. 95.2% of outstanding public sector is long-term debt, and 4.7%
short-term. For the private sector, 76.8% of its debt is long-term, while 23.2% is
short-term. During 1998, the Colombian economy received US$1.9 billion of net revenues as
a result of disbursements of US$5.8 billion, and the amortization of US$3.8 billion.
OUTSTANDING
FOREIGN DEBT
|
External
debt 1/ US$ 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 |
17.587 |
44,5 |
14.275 |
36,1 |
3.312 |
8,4 |
1990 |
17.993 |
44,7 |
14.966 |
37,2 |
3.027 |
7,5 |
1991 |
17.335 |
40,8 |
14.803 |
34,8 |
2.532 |
6,0 |
1992 |
17.277 |
35,1 |
14.021 |
28,5 |
3.256 |
6,6 |
1993 |
18.942 |
33,9 |
13.886 |
24,9 |
5.056 |
9,1 |
1994 |
21.840 |
31,1 |
14.718 |
21,0 |
7.122 |
10,2 |
1995 |
24.912 |
30,9 |
15.540 |
19,3 |
9.372 |
11,6 |
1996 |
29.512 |
34,2 |
16.250 |
18,8 |
13.262 |
15,4 |
1997 |
32.014 |
33,6 |
16.423 |
17,2 |
15.591 |
16,3 |
1998 pr |
33.942 |
38,1 |
18.359 |
20,6 |
15.583 |
17,5 |
|
pr: Preliminary.
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 - Economic Studies and International Exchange
Department. |
