Foreign investment
During the first semester of 1999,
foreign investment flows to Colombia reached US$691million, 45.4% lower than in the same
period of 1998. This reduction is explained by the lower net direct investment revenues,
US$532 million, especially those going to the communication, financial and electric
sectors and to petroleum related activities, US$208 million. Direct foreign investments
was channeled primarily to the mining sector, to the manufacturing sector to the financial
system and to the trade sector which together reached 73.3% of the total. Portfolio
investment registered a net outflow of US$24 million during the first semester of 1999. In
the same period of 1998 portfolio investment registered a net inflow of US$20 million.
During 1999 a US$ 1.1 billion foreign investment inflow is expected.
FOREIGN INVESTMENT
|
Foreign
Investment 1/ US$ millions
FOREIGN
INVESTMENT |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
Total |
576.2 |
500.5 |
456.9 |
794.7 |
1,104.7 |
1,922.5 |
Direct |
576.2 |
500.5 |
456.9 |
728.7 |
959.7 |
1,444.5 |
Oil |
359.5 |
269.6 |
264.1 |
439.6 |
557.3 |
132.7 |
Other sectors |
216.7 |
230.9 |
192.8 |
289.1 |
402.4 |
1,311.8 |
Portfolio |
- |
- |
- |
66.0 |
145.0 |
478.0 |
FOREIGN
INVESTMENT |
1995 |
1996 |
1997 p |
1998 p |
1998*p |
1999*p |
Total |
1,133.0 |
3,415.0 |
6,295.6 |
2,772.6 |
1,267.4 |
691.4 |
Direct |
968.3 |
3,122.8 |
5,703.1 |
3,037.6 |
1,247.4 |
715.4 |
Oil |
151.3 |
789.4 |
382.3 |
13.1 |
103.4 |
-104.1 |
Other sectors |
817.0 |
2,333.4 |
5,320.8 |
3,024.5 |
1,144.0 |
819.5 |
Portfolio |
164.7 |
292.2 |
592.5 |
-265.0 |
20.0 |
-24.0 |
|
p:
Provisional.
* Up to first quarter.
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 - International Exchange and Economic Studies
Department. |
