Colombia is experiencing significant growth in Foreign Direct Investment (FDI), setting a new historical record in April 2023. According to data from the Banco de la República, the country attracted close to US$1.951 billion in foreign investment during this month. This impressive amount, which surpasses the US$879 million recorded in March of the same year, reflects a notable increase of US$1.072 billion.
The magnitude of this FDI influx is unprecedented since the Banco de la República began tracking this indicator in September 2001. The previous record was US$1.817 billion in September 2017, making the growth experienced in April 2023 substantial. Moreover, this amount represents a 12.3% annual increase, compared to the US$1.737 billion reported a year ago.
Sector analysis reveals that oil and mining continue to be the main recipients of FDI, with a contribution of US$1.721 billion in April, an increase of US$1.013 billion compared to March. However, other sectors are also attracting foreign investment, adding up to US$230 million during April 2023, which significantly surpasses the US$171 million recorded in March of the same year.
However, in the case of portfolio foreign investment, an outflow of US$195 million was observed from the country in April. Although this figure contrasts with the US$82 million that entered in the same month last year, it also represents a slowdown in capital outflows compared to the US$668 million that left in March 2023. This behavior suggests a trend shift that could have significant implications for the country’s financial future. In summary, the outlook for FDI in Colombia is promising, with continuous growth and historic records.
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