Today, the national office of statistics (DANE) announces how much the Colombian economy contracted in 2020. Estimates from more than five different economic institutions range from -6.8% and -7.5%. On average, the Colombian economy is expected to contract by 7% last year.
President Iván Duque announced the arrival of the first 50,000 doses of the Pfizer vaccine against covid-19. It would be the first block of 1,650,000 jabs to be received within the next three weeks. The president said that the idea is to vaccinate a million Colombians in a month.
The number of people with collective investing funds (CIF) increased by 31,000 in January 2021, reaching a total of 2.1 million investors, reported Capital Analytics in its latest report. However, overall profitability was negative in January, mainly due to a fall in the equity funds price.
In 2020, the manufacturing industry production plummeted by 8% % (worst since the financial recession in 1999 at -13,4%) and retail sales by 7.8 %, revealed the national office of statistics. However, in December 2020, industrial production showed recovery symptoms, growing 1.4 %.
Last month, Colombian households' expenditure was £103 billion (COP 65.1 trillion), decreasing 0.7% compared to the same month in 2020. Similarly, the use of credit cards and consumer and mortgages dropped by 8.6%. The value of credit card transactions also fell by -2.2%.