In the first two months of 2024, Foreign Direct Investment in Colombia rose 9% annually; in February alone, it totaled US$890 million, a minimum since October 2

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Bogotá.- Between February 1 and February 29, 2024, Foreign Direct Investment in Colombia increased 9% annually to US$2,167 million.

It should be noted that a year ago, up to the first two months of 2023, foreign investment in Colombia was US$1,988 million.

It is worth mentioning that, in January alone, about US$1,277 million entered the country for this concept and, in February, US$890 million, a minimum since October 2023, when it reached US$880 million.

Meanwhile, foreign investment in oil and mining fell 1.18% to US$1.489 billion, compared to US$1.507 billion a year ago.

Investment other than oil and mining increased 40.9% to US$678 million in the first two months of 2024. As of the same date in 2023, this amount was US$481 million.

It is important to mention that, in all of 2023, US$13,068 million entered Colombia through foreign investment.

On the other hand, the current account of the foreign exchange balance, in the first two months of 2024, recorded a surplus of US$4,653 million.

If this figure is compared with that of the same period of the previous year, an increase of 45.15% is observed. In absolute terms, the increase was in the order of US$1,447 million, since the result for the year ending a year ago showed a surplus in the current account of the foreign exchange balance of about US$3,205 million.

It should be recalled that the Foreign Exchange Balance, which is published weekly by Banco de la República, only shows a surplus of US$3,205 million.