Outstanding foreign debt
At the end of 1999, Colombian foreign indebtedness stood at US$34.4 billion with a variation of 1.6%, which represented 40.6% of GDP and a 6.5 better more explained by the decrease in the output than by the external indebtedness increase. The increase in GDP terms is explained by the growth in public sector debt (US$1.3 billion) while private sector decreased in US$744 million. Of total debt amount, 57.2% (US$19.7 billion) corresponds to the public sector, while private sector contributes with a 42.8% (US$14.7 billion). It should be noted that 96.8% of outstanding public sector is long term debt, and 3.2% is short term. In the private sector, these percentages are 75.9% and 24.0%,
respectively.
OUTSTANDING
FOREIGN DEBT
|
External
debt 1/ US$ 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 |
30.4 |
16,251 |
16.7 |
13,262 |
13.7 |
| 1997 |
32,046 |
30.0 |
16,455 |
15.4 |
15,591 |
14.6 |
| 1998
p |
33,895 |
34.1 |
18,427 |
18.5 |
15,468 |
15.6 |
| 1999
p |
34,428 |
40.6 |
19,704 |
23.3 |
14,724 |
17.4 |
|
p: Provisional.
*: Do not include leasing.
1/ Since 1994, the statistics correspond to the new Balance of Payment measurement, 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. |
