Non Mining Foreign Direct Investment In Colombia Grew 32.6% As Of September

In the first nine months of the year, Colombia received a total of US$7,160 million in foreign direct investment (FDI), which represented an increase of 32.8% compared to the same period in 2020.

Of that total, US$6,311 million, or 88.1%, corresponded to investments in non-mining energy sectors, which grew 32.6%.

These numbers come from the balance of payments report reported by the Bank of the Republic, which states that the sectors that received the most foreign capital in that period were financial services, transport, storage and communications, as well as the manufacturing industry.

“We are making progress in the safe economic reactivation and the result of the arrival of foreign investment shows the confidence in the recovery of the economy. Foreign investors continue to bet on Colombia. We have the tools to attract, facilitate and retain investment to enhance the arrival of foreign capital and our goal is to preserve and create jobs, as well as keep the engines of the economy running,” said the Minister of Commerce, Industry and Tourism, María Ximena Lombana Villalba (above photo).

The manufacturing sector received $1.13 billion USD, which positions it as the sector with the third highest flows of this type of capital in the analysis period and with the second highest growth, of 43.6%.