FDI IN COLOMBIA, NOT ONLY FOR MINING AND HYDROCARBONS

FDI IN COLOMBIA, NOT ONLY FOR MINING AND HYDROCARBONS

The cultural belief that the FDI in Colombia is only focused in the mining and hydrocarbons business is in part right, but the information says otherwise.

The FDI in Colombia in the first quarter of 2012 grew 3,80% in comparison with the same period of 2011. But the greatest number is that the mining and hydrocarbons business keeps dropping on its participation in the collocation of the FDI in the country.

The information shows that in 2010 the mining and hydrocarbon business represented 62,80% of the FDI collocation, in 2011 this number drop until 56,10% and in 2012 the participation in the FDI distribution of the mining and the hydrocarbon business was 45,30% decreasing its participation in 10,80% annually. And this is an event that did not occurred since the first quarter of 2009 when the sum of the other sectors surpassed the investment in mining and hydrocarbons.

The financial industry was the biggest winner in the FDI distribution for the first quarter of the current year due to its growth in a 500%, followed by Water and Electricity where the growth represented a 241%. The hotel and tourism industry also increased its uptake from 316 million dollars to 417 million dollars.