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Foreign investment in Colombia up 2.4% in Q1 of 2013

by | Jun 28, 2013

Foreign direct investment (FDI) in Colombia has gone up 2.4% in the first quarter of 2013 compared to the same period last year, the country’s central bank announced Friday.

In total, Colombia received $3.706 billion in foreign investment in the first three months of the year, said the central bank. In the first quarter of 2012, this was $3.617 billion.

The largest chunk of foreign capital was invested in Colombia’s oil and mining sector, which received 44.7% of all investment. The second largest recipient of foreign investment was the manufacturing industry, which received 23.6% of the total foreign investment.

Colombia’s banking sector received 10.6% of all investment, followed by transport and communication (9.6%) and retail (8.1%).

Following increased security in cities and economically important oil and mining areas, Colombia saw foreign investment boom since the beginning of this century.

Foreign investment in Colombia