Economy of Panama grows 9.2%

The economy expanded 9.2% in the third quarter compared to the same period last year; this drive was due to activity in the Canal, and the agriculture, manufacturing and services sectors.

Tuesday, December 16, 2008

Between July and September, the GDP of Panama rose $400 million to $4.7 billion compared to the same period in 2007, the Office of the Comptroller General reported.

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Panama MIEA Grows 6.31% Between January and June

September 2013

The most active sectors were: fishing, construction, mining and quarrying, transport, storage and communications, hotels and restaurants, manufacturing and others.

From information published by the Comptroller General of the Republic of Panama:

The Monthly Index of Economic Activity (MIEA) in the Republic, for the cumulative period from January to June 2013, measured in terms of the original series, grew by 6.31% compared to the same period in 2012. The sectors which showed greatest dynamism in the economy were: fishing, construction, mining and quarrying, community, social and personal services, transport, storage and communications, hotels and restaurants, manufacturing, educational services and private health and financial intermediation. The other sectors registered positive results but at a slower pace, with the exception of trade which continued to show a decline, because of limitations in the Colon Free Zone.

Panama: IMAE Grows by 9.42%

October 2012

In the period January-August 2012, the Monthly Economic Activity Index, rose by 9.42% compared to the same period in 2011.

A statement from the Controller General reads:

The sectors that performed best were: construction, mining and quarrying, community activities, social and personal services, hotels and restaurants, transport, storage and communications, electricity and water, manufacturing, trade, financial intermediation, private health and public administration, among others, while fishing continues to show a negative variation.

Panama: Economy Grows by 9% in April

June 2012

Between January-April 2012, the Monthly Economic Activity Index (MEAI), measured in terms of the original series, grew 9.1 percent compared with same period in 2011.

The sectors that added the most dynamism to the economy were construction, mining and quarrying, transport, storage and communications, community, social and personal services, hotels and restaurants, electricity and water, trade, private health, financial intermediation and public administration. The rest of the activities had a positive impact, but to a lesser extent, with the exception of fishing, which continues to show limitations for the period in question.

Panamanian Economy Up 6,1% in First Half of 2010

September 2010

The economy of Panama grew 6,1% between January and June, reaching a GDP of $10,8 billion, $571 million more than the same period of 2009.

The sectors with the highest growth were transportation, storage and communications (+14%), followed by trade (+10,2%) and tourism (+9,6%).

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