After the 2022 record, foreign direct investment began 2023 falling, with a reduction of 11% in the first quarter. The main source of that drop is the financial and business services sector.

Transport, storage and communications follow by far. These setbacks are not enough to be offset by advances in mining, oil and other sectors.

(Also read: Oil and mining boosted record currency flow that arrived in Colombia in April)

Limit on recovery of jobs

After the drama for the workers by the covid and the lockdowns of 2021, the recovery of employment seems to reach its limit. In April, people with jobs fell to 22.7 million, from 22.8 a month earlier.

Unemployment rose from 9.9 to 10.6%, based on data excluding seasonal effects. And of the 2.2 million jobs that were generated annually until April 2022, 799,000 are now generated.

Informality continues to gain ground

In April of last year, 7 out of 10 new jobs were for blue-collar workers and private sector employees (primarily formal employment). Instead, only 2 in 10 new jobs were self-employed.

In April of this year, 5 out of 10 were self-employed, and less than 3 out of 10, employees or private workers. There is fear that the labor reform will continue to exacerbate this trend.

(Also read: Cities in Colombia with the highest unemployment in April 2023)

Colombia and the world’s road network

Among 220 countries and territories, Colombia (27 in size) is 14 in the length of its road network, with 387,471 km. USA is first with 3.1 million; China, second, with 1.7 million.

On main roads, China is first (683,248); USA second (366,800), and Colombia drops to 26 (20,844). This is shown by an analysis by Visualcapitalist.com, based on the Global Road Inventory Project (Grip).

Mauricio Galindo
economics editor
On Twitter: @galmau