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Colombia current account deficit narrows to 3.3 pct of GDP in 2017

BOGOTA, March 2 (Reuters) - Colombia's current account deficit narrowed to 3.3 percent of gross domestic product in 2017 compared to a year earlier, due to the strengthening of the peso currency against the dollar and slightly higher economic growth, the central bank said on Friday.

The 2017 figure was equivalent to $10.36 billion, the bank said on its website. Current accounts track a country's net international trade and foreign investments.

The current account deficit was 4.3 percent of GDP at the close of 2016.

Foreign direct investment in Colombia grew 4.8 percent in 2017 from the year before, to $14.52 billion, largely due to investments in the communications and oil sectors.

(Reporting by Luis Jaime Acosta Writing by Julia Symmes Cobb Editing by Bernadette Baum)