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Colombia’s foreign debt increased again this year, reaching over $76.4 billion which represents a 6.3% rise against this time in 2011.
Figures from the Banco de la Republica show that the foreign debt reached the heady figure which represents 20.5% of the country’s GDP but maintains the same percentage of GDP when compared to the first half of the year.
The public external debt stood at nearly $44.2 billion which represents 11.9% of GDP, while the private debt reached almost $32.2 billion which is the equivalent of 8.6% of GDP.
In July of 2011 the foreign debt stood at $71.89 billion, an all time high at that time, which represented 21.8% of the country’s GDP.
