After negative results in January 2021, due to new restrictions to contain the second wave of covid-19 infections, the Colombian economy improved in February. Yet, figures are still negative. According to the DANE's Economic Monitoring Indicator (ISE) the gross domestic product (GDP) may have decreased by -3.48 percentage points in February. Among all sectors of the economy, the primary sector decreased by -1.10 percentage points compared to last year.
From January to March 2021, 96,431 new business were established nationwide, 9,3% higher than in the same period last year. Out of all created companies, 75.4% correspond to legal personas and 24.6% to companies. Small businesses recorded the highest jump (27.2%), followed by industrial firms (17.9%).
In March 2021, the business confidence index grew for the second consecutive month, informed Dane. Over the past three months, it passed from 48.7 in January 2021 to 53.1 in March. Last month, among all economic sectors, manufacturing industries registered the highest rate (54.7), followed by construction (53) and public services (50.9).
The Ministry of Health announced yesterday its decision to allow private parties to acquire and provide vaccines against Covid-19. The government also released specific guidelines that companies must follow. In detail, companies can only purchase vaccines directly from producers, such as AstraZeneca and Pfizer.
In the first quarter of 2021, Colombia ranked second in fintech investment among South American countries. Brazilian firms received most of the assets ($969 million), while Colombian firms, in the second position, attracted $48 million, followed by Chilean companies at $41 million.