Outstanding foreign debt
At the end of 1998, Colombian
foreign indebtedness stood at US$33.9 billion (33.9% of GDP), with a variation of US$1.9
billion, equivalent to 5.9% of GDP. Of this amount, 54.3% corresponds to the public
sector, while private sector was 45.7%. At the end of 1999, it is estimated that the
outstanding foreign debt will stand at US$36.1 billion (41.3% of GDP), US$265 million
higher, explained by an increase in public debt (US$1.7 billion, 8.8%) and by a fall of
the private sector (US$1.4 billion, 8.2%). Of this amount, 56.8% (US$20.5 billion) will be
held by the public sector, while 43.2% (US$15.6 billion) will correspond to the private
sector. It should be noted that 96.7% of outstanding public sector is long term debt, and
3.3% is short term. In the private sector, these percentages are 78.5% and 21.5%,
respectively.
OUTSTANDING
FOREIGN DEBT
|
External
debt 1/ US$ 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 |
21,839 |
26.7 |
14,718 |
18.0 |
7,121 |
8.7 |
1995 |
24,913 |
26.9 |
15,541 |
16.8 |
9,372 |
10.1 |
1996 |
29,512 |
30.4 |
16,251 |
16.7 |
13,262 |
13.7 |
1997 |
32,046 |
30.0 |
16,455 |
15.4 |
15,591 |
14.6 |
1998 pr |
33,923 |
33.9 |
18,427 |
18.4 |
15,496 |
15.5 |
1999 pro |
36,059 |
41.3 |
20,490 |
23.5 |
15,569 |
17.8 |
|
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. |
