Outstanding foreign debt
During 1998, Colombian foreign
indebtedness stood at US$33.9 billion (32.8% of GDP), with a variation of US$1.9 billion,
equivalent to 5.8% of GDP. Of this amount, 54.2% (US$18.4 billion) corresponds to the
public sector, while private foreign indebtedness was 45.8% (US$15.5 billion). At the end
of December 1999, it is estimated that the outstanding foreign debt will stand at US$34.2
billion (37.4% of GDP), US$337 million higher than in 1998. Of this amount, 57.5% (US$19.7
billion) will be held by the public sector, while 42.5% (US$14.5 billion) will correspond
to the private sector. It should be noted that 97.3% of outstanding public sector is long
term debt, and 2.7% is short term. In the private sector, these percentages are 78.3% and
21.6%, respectively.
OUTSTANDING
FOREIGN DEBT
|
External
debt 1/ US$ 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 |
13.3 |
1997 |
32,013 |
29.3 |
16,423 |
15.0 |
15,591 |
14.3 |
1998 pr |
33,884 |
32.8 |
18,360 |
17.8 |
15,524 |
15.0 |
1999 pro |
34,221 |
37.4 |
19,685 |
21.5 |
14,536 |
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. |
