Panama: Inflation will surpass 10%

Despite the high inflation, the country is still projecting high growth, unlike other countries.

Monday, October 13, 2008

The Ministry of the Economy and Finance (MEF) has revised the increase of two of its key macroeconomic projections: the Gross Domestic Product (GDP) and the Consumer Price Index (CPI).
In the first case, the new is good: GDP will grow "no less than 9% this year," said the head of MEF, Hector Alexander.
However, in the second case, the news is bad. "We expect that inflation for 2008 will remain a little above 10%," the Minister accepted. If this is so, 2008 will be the third time in the last 70 years that the CPI will be in the double digits. In 2007 it closed at 4.2%, according to reports from the Office of the Comptroller General.

More on this topic

Costa Rica: Quarterly GDP Up 3.4%

July 2017

In the first quarter of the year, household final consumption and private construction investment accounted for most of the annualized 3.4% increase in GDP.

From a report by the Central Bank of Costa Rica:
In the first quarter of 2017, economic activity, measured by the cycle trend of the real Gross Domestic Product (GDP), grew at an annualized rate of 3.4%, mainly reflecting higher final household consumption expenditure and to a lower extent, an increase in investment in private construction, since external demand showed a moderation in its growth.

Panama: Change in Base for Calculating GDP

February 2014

Starting this year, the base year for calculating the gross domestic product of Panama will be 2007.

Sources from the Comptroller General of the Republic and the Ministry of Economy and Finance (MEF) confirmed that from 2013, the base year for calculating the economic growth will increase from 1996, which has been used until now, to 2007.

GDP vs. National Disposable Income

May 2012

In Costa Rica, 7% of GDP is not enjoyed in the country, but it goes abroad as profits of foreign companies.

In 2011, the Gross Domestic Product (GDP) in Costa Rica reached $48.585 billion, but the earnings of the productive activity of foreign firms in the country should be deducted from that amount , which take to their countries of origin $3.4 billion.

Salvadoran economy, slow but still sure

September 2008

It all depends from which perspective you are observing. The same can be said of the economic balance of the Salvadoran market for the first semester of 2008.

While some sectors are warning that the situation has all the symptoms of the preamble to a strong slow-down in production activities, other voices are of the opinion that they have weathered the storm and that the effects are not as bad as feared.

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