Colombia | Foreign direct investment: the route to economic prosperity

Summary

In the first half of 2023, FDI accounted for 5.8% of GDP and financed more than the entire current account deficit. current account deficit. Increasing FDI flows, especially those other than reinvestment of profits, is a desirable objective in a context of energy transition.

Key points

• Key points:
• In the first semester of the current year, Colombia reduced its current account deficit, in line with its economic slowdown, while at the same time economic slowdown, while at the same time it had high inflows of foreign direct investment financing.
• The current account deficit stood at 3.6% of GDP in the first half of 2023, 43% lower than in the same period of 2022. the same period of 2022, due to a moderation in the deficit of the balance of trade in goods and services. of the balance of trade in goods and services. In FDI, 67% of flows corresponded to FDI other than reinvestment of profits.

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