Banco de la República, gif (4471 bytes)


Foreign investment

During the year 2000, foreign investment to Colombia amounted US$2.6 billion, registering a US$1.3 billion (97.2%) annual variation, which is basically explained by the increase in direct investment flows (US$1.2 billion, 92.5%). The main direct investments where destined to the communication sector (US$791 million) and to the electric sector capitalization (US$357 million). On the other hand, oil activities continue registering important capital reimbursements (US$2.1 billion). The direct foreign investment resources, excluding oil sector, were channeled to the communication sector, the financial sector, the mining sector and the manufacturing industry sector, which together made-up the 85% of the total of those resources. Portfolio investment registered a net flow of US$17 million, in contrast to the net outflow of US$23 million registered during the same period of the preceding year.

FOREIGN INVESTMENT
Foreign Investment 1/ US$ millions
FOREIGN
INVESTMENT		 1990 1991 1992 1993 1994 1995
Total 500,5  456,9  794,7  1.104,7  1.924,5  1.133,0 
Direct 500,5  456,9  728,7  959,7  1.446,5  968,4 
    Oil 269,6  264,1  439,6  557,3  134,7  151,3 
    Other sectors 230,9  192,8  289,1  402,4  1.311,8  817,0 
Portfolio -           -            66,0  145,0  478,0  164,7 

FOREIGN
INVESTMENT

 1996 1997 1998 1999 p 2000 pr*  
Total 3.403,8  6.231,5  2.701,6  1.303,2  2.569,5    
Direct 3.111,6  5.639,0  2.961,3  1.325,9  2.552,4    
    Oil 778,3  382,3  120,2  -731,5  -715,3    
    Other sectors 2.333,4  5.256,7  2.841,0  2.057,5  3.267,7    
Portfolio 292,2  592,5  -259,6  -22,7  17,1    

p: Provisional. pr: Preliminar.
*: Up to December.
1/ Since 1994, the statistics correspond to the new measurement of the Balance of Payments , according to the Balance of Payments Methodology of the 5th Edition International Monetary Fund Balance of Payments Manual .
Source: Banco de la República, International Exchange and Economic Studies Department