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Financial News: COLOMBIA: Foreign Direct Investment Drops In May

COLOMBIA: Foreign Direct Investment Drops In May

06/14/2017 - 07:36:00 (RTTNews)

(RTTNews) - Foreign direct investment in Colombia fell by 40.5% in May, on a yearly basis, to US$ 701 million, from US$ 1.180 billion in May 2016, said the Colombian Central Bank.

Meanwhile, foreign investment in the Colombian oil sector reached US$ 472 million in May, a 25.8% increase compared to US$ 375 million in the same month last year.

Direct investment in other areas, however, reached US$ 228 million, 71.6% less than the US$ 805 million posted in May 2016.

In 2017 through May, foreign direct investment in Colombia amounted to US$ 3.2 billion.

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