External Debt in Colombia

Colombia External Debt | Economic News & Forecasts

Colombia - External Debt

Iván Duque of the right-wing Democratic Centre (Centro Democrático) clinched the presidency on 17 June in the second-round run-off against Gustavo Petro of the left-wing Colombia Humana movement (Humana Colombia), securing just over half of the ballot. Continuity on the economic front will be marked by Duque’s orthodox management, along with an ostensibly more pro-business stance. This includes a slash in corporate taxes, easing legal hurdles for foreign investors looking to enter the economy’s oil and mining sectors, and cutting public spending. There will be little room for tax cuts, however, if he is to stick to the country’s existing fiscal rule amid the imminent threat of credit rating downgrades. Notwithstanding the high debt-to-GDP ratio and the need for reforms, growth has picked up since the start of the year, thanks to strong exports aided by a weaker peso. At the outset of Q2, the industrial sector and car sales accelerated markedly in April, while retail sales expanded again at a healthy pace. Moreover, consumer confidence hit an almost two-year high in May.

Colombia - External Debt Data

2013  2014  2015  2016  2017  
External Debt (% of GDP)24.1  26.6  37.7  42.4  39.6  

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Colombia External Debt Chart

Colombia External Debt
Note: External debt as % of GDP.
Source: Colombia Central Bank and Met the why particular calculations.

Colombia Facts

Bond Yield6.650.0 %Jul 13
Exchange Rate2,859-0.17 %Jul 13
Stock Market12,262-0.66 %Jul 13

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