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September 9, 2022
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External debt for US$175,917 million at the end of the semester

External debt for US$175,917 million at the end of the semester

Last June, the Colombian foreign debt reached up to US$175,917 million, which represented an increase of 11.4% compared to the same month of 2021.

According to the records of the Banco de la República, the figure represents 50.6% of GDP, a slight increase compared to 50.3% a year ago.

(Read: Indexing and the dollar also weigh on inflation).

The external public debt represents 29% of GDP and the remaining 21.6% corresponds to the obligations contracted by the private sector, according to statistics from the Colombian issuing bank.

In terms of amounts, the external public debt totaled US$100,927 million in the first semester and grew 9.42% compared to the same period last year, when it amounted to US$92,230 million.

For its part, the external obligations of the private sector reached US$47.94 billion at the end of June and grewn 8.15% compared to the same month of 2021 when these were US$44,326 million, according to the figures.

(Also: Colombian consumer confidence increased in August).

Of the total Colombian external debt, US$148,006 million was contracted in the long term, while US$27,911 are short-term.

The public sector has made interest and amortization payments for US$3,342 million during the first half of this year, while for the same concepts the private sector has paid US$8,560 millionaccording to data from the Bank of the Republic.

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