Panama and Peru will lead growth in Latin America

According to to the latest report form CEPAL, Latin America will experience a growth of 4.8% led by Peru and Panama.

Friday, August 29, 2008

Appearing second on the list is Panama with a growth of 8%, while among the countries with lesser growth is Nicaragua whose projected growth is 3%.

The executive secretary of CEPAL Alicia Barcena, stressed that this year Latin America will have had five years of sustained GDP growth per capita with a rate exceeding 3%

More on this topic

Panamá As Seen by the IMF in March 2013

April 2013

Panama’s economy continues to grow strongly, buoyed by the Panama Canal expansion and large public infrastructure projects.

With average annual growth rates of 8.5 percent, Panama’s per capita GDP has more than doubled over the past decade. This impressive growth performance has been driven by a steady rise in public and private investment in a stable economic environment buttressed by prudent policies.

Panama: 11.6% in Private Investment in 2011

July 2011

Forecasts by private consultants and the government agree that in 2011 the Panamanian economy will grow 9% due to the combination of public and private investment, 11.6% and 8% of GDP respectively.

An article by Edith Castillo Duarte in Prensa.com reports the upward shift of the expected growth of Panama’s economy in 2011 by both the government and the consulting firm INDESA, and how estimates of both parties agree.

Panamanian Economy to Grow 8%-9% in 2011

January 2011

President Martinelli remarked that Panama will be the most dynamic Latin American economy in 2011, growing between 8% and 9%.

While presenting a state of the nation report to Congress, he noted that the country’s growth projections are higher than those of Chile and Peru.

Deloitte lowers its growth forecast for Panama from 9% to 7%

August 2008

"In any case, 7.5% is still a favorable growth level and will continue to be one of the region's highest."

That was the comment by financial expert, Domingo Latorraca, a partner at Deloitte, during the company's latest Think Tank.

Panama's GDP grew last year by 11.2%, the highest rate in Latin America and one of the best in the world.

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