in

Colombia’s external debt reaches $90B

(Photo: El Pais)

Colombia’s central bank announced on Monday that as of October last year the nation’s external debt has reached $90.4 billion, or 24% of the country’s Gross Domestic Product (GDP).

Colombia’s GDP was estimated at nearly 370 billion dollars in 2012.

According to the report, the public sector holds $51.3 billion of the external debt, while the private sector holds 39.1 billion dollars.

Colombia’s external debt grew 10.3 billion dollars in October 2013 when compared to the same month in 2012, where the country’s foreign obligation sat at $80.2 billion.

This represents an all time high for Colombia’s foreign debt.

Sources

 

The post Colombia’s external debt reaches $90B appeared first on Colombia News | Colombia Reports.

Since you’re here …

… we have a small favour to ask. More people are reading the Today Colombia than ever but advertising revenues across the media are falling fast. And unlike many news organizations, we haven’t put up a paywall – we want to keep our site as open as we can. So you can see why we need to ask for your help. Updating reports on Today Colombia takes a lot of time, money and hard work. But we do it because we believe our reports matter.
If everyone who reads Today Colombia, who likes it, helps to support it by clicking our ads, our future would be much more secure. Do you part, click on an ad today.

Written by Rico

Rico

"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes TodayColombia.com. Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!