Colombia’s total external debt reaches a new all-time high at 54% of GDP

In October 2020, Colombia’s public and private external debt totaled $ 147,285 million, a figure that according to the Banco de la República, represents an increase of 6.7% compared to that registered in the same month of 2019, when it was $ 137,972 million. As a percentage of the Gross Domestic Product (GDP), the country’s External Debt stood at 54.8% as of October 2020, above the 42.7% registered in the tenth month of 2019 and registers a new historical maximum . The previous data was located at 53.6% of GDP.

Source: Portafolio