Panama's growth a sluggish 1.9 percent year-on-year in March

Economic activity in Panama grew in March by 1.9 percent year-on-year, the lowest rate in five years.

Tuesday, May 27, 2008

The Comptroller General's Office blamed the slow growth on the downturn in the US economy and high oil prices.

More on this topic

Panama Growth Loses Pace

May 2013

In March 2013 the IMAE grew by 5.92% compared to 13.75% in March 2012, making it the lowest month of growth in the last 24 months.

According to the economist Aristides Hernandez, the slowdown revealed in these numbers is greater than expected and he insists that this is already being reflected in the collection of revenue, showing that the warnings that had issued have born true.

Panama’s Economic Activity Grows 4.9% in January

March 2009

The economic activities that grew the most were port services, construction, tourism and mining and quarrying.

Economist Adolfo Quintero informed Prensa.com: "Economic activity is slowing down compared to January 2008, when it grew 9.83%, but it remains one of the most dynamic in the region. IMAE data project a 5.8% GDP growth for January."

Panama economy grows 8.2%

August 2008

The rate of growth has slowed down, but it is still strong and one of the highest in the region.

The economy of Panama, according to the Monthly Index of Economic Activity, published yesterday by the Comptroller's Office, grew 8.2% during the first semester of 2008.

Panama's growth rate slows to 7.0%

June 2008

Led by the construction industry, Panama's Leading Economic Indicators showed a growth rate of 7.0 percent for the first quarter of 2008, down from 10.4 percent in the same period of 2007.

The Comptroller General's Office for the Panamanian Government said the sectors of the economy analyzed that showed growth included construction, mining, hotels and restaurantes, transport, warehousing and communications, community activities and real estate, electricity, water and trade.

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