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Economy & Business - July 2005

COLOMBIA: FDI up, but growth slows

Foreign direct investment was a third higher in the first quarter of 2005 than it was in the same period of 2004. At US$822m, foreign direct investment was the highest for three years. Growth, however, seems to be slowing. Although the economy grew by 3.6%, year-on-year, in the first quarter, according to the official statistics agency, Dane, quarter-on-quarter, growth was negligible: just 0.1%. This was the slowest rate of growth for several years. The government's growth target for 2005 is 4%.

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