Colombia’s external debt in April represents 51.2% of GDP

At the end of April, Colombia’s public and private external debt closed at US$ 197.749 billiona figure that represents 51.2% of the gross domestic product (GDP), according to the statistics consolidated monthly by the Bank of the Republic.

(Read more: Debt bonds recover, but remain below average)

Compared to the same month in 2023, the total amount shows an increase of US$10,755 million, since The figure rose to US$186.994 billion.

Regarding external commitments and their weight within the GDP, this year they went from representing 54.0% in January, 53.6% in February, 50.8% in March and 51.2% in April.

(Read more: Will interest rates continue to fall after rising inflation in the country?)

(See: ‘Forced investments must be agreed upon, not obligated’: more criticism of the proposal)

In April, public sector external debt represented 29.6% of GDP, while private debt amounted to 21.6%.