Outstanding foreign debt
In 1998, Colombian foreign
indebtedness was US$33.9 billion (338% of GDP), 5.8% higher than in 1997. Of this amount,
US$18.4 billion (54.1%) corresponds to the public sector, while private foreign
indebtedness was US$15.5 billion (45.8%). At the end of December 1999, it is estimated
that the outstanding foreign debt will stand at US$35.4 billion (36.1% of GDP), US$1.5
billion (4.6%) higher than in 1998. Of this amount, 56.9% (US$20.2 billion) will be held
by the public sector, while 43.1% (US$15.3 billion) will correspond to the private sector.
It should be noted that 96.9% of outstanding public sector is long term debt, and 3.1% is
short term. In the private sector, these percentages are 77.1% and 22.8% respectively.
OUTSTANDING
FOREIGN DEBT
|
External
debt 1/ US$ 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 |
29,512 |
29.7 |
16,251 |
16.4 |
13,262 |
13.4 |
1997 |
32,013 |
29.3 |
16,423 |
15.0 |
15,591 |
14.2 |
1998 pr |
33,884 |
33.0 |
18,360 |
17.9 |
15,524 |
15.1 |
1999 pro |
35,429 |
37.0 |
20,164 |
21.0 |
15,265 |
15.9 |
|
pr:
Preliminary.
pro: Projected.
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. |
