Republic Bank I mentioned that during the first quarter of 2022 Foreign Direct Investment (FDI) in Colombia sumo $5,186 million, Equivalent 6.2% of the quarterly GDP.
(See: Google will invest $1.2 billion in Latin America’s digital future.)
These resources increased by $2,833 million compared to the first quarter of 2021 and accounted for 120.3% growth.
The figure is also $3,020 million higher compared to the fourth quarter of the previous year.
The flows of foreign direct investment were mainly directed to the financing of productive projects in the economic activities of the United Arab Emirates Financial and commercial services, mining, oil, transportation, communications, electricity, gas and water.
(See: Colombia, the fourth Latin American country to receive the most foreign investment.)
By country of origin, foreign direct investment resources mainly come from United States, Panama, Spain and Chile.
For its part, the Colombia’s direct investment abroads (IDCE) In the first quarter, it recorded inflows of $1,342 million, which is $473 million higher than what was recorded in the previous year, i.e. it grew by 54.4% and increased by $203 million compared to what was observed in the previous quarter.
IDCE streams have been used mainly for the economic activities of Mining, quarrying, financial and commercial services, transportation and communications.
(See: Spanish investment in the face of political change in Colombia.)
By country of destination, the main recipient countries were Mexico, Panama and the Netherlands.