Panama estimates that economy will grow 7.5% in 2009

The Panamanian economy is likely to increase its growth slightly next year due to the international financial crisis, lower exports to the US and a slowdown in the real estate industry.

Tuesday, November 4, 2008

The Panama economy will grow 7.5% in 2009 down form the 9.5% estimated for this year, the minister of Economy and Finance, Hector Alexander said to Reuters.

"We believe that the economy will grow 7.5% in 2009," said Alexander in the interview with Reuters.



Market Intelligence

Everything about exports and imports in Panama.

Top companies - Quantities, amounts and prices.

more info

More on this topic

Nicaragua Grew by 5.2% in 2012

March 2013

For the second consecutive year, the Nicaraguan economy has grown by more than 5%, maintaining the impetus registrated for 2011, when it grew by 5.4%.

The recent history of Nicaragua's economy is marked by ups and downs, averaging annual growth figures of 4%.

In presenting the macroeconomic statistics for 2012, authorities from the Central Bank of Nicaragua highlighted a record $2.677 billion in exports which is 18.3% greater than that achieved in 2011, an increase in foreign investment, which totaled $1.102 billion , and the contribution of remittances, which totaled $1.114 billion.

Panama's Economy Grew at an Average 6.3%

March 2011

Over the past 14 years, taking into account the 7.5% growth of 2010, the economy has grown at an average rate of 6.3%.

In the past five years the growth rate has been 8.3%, according to a report by the Ministry of Economy and Finance. In 2009 Panama's economy grew 3.2% while growth in 2010 doubled to 7.5%.

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.

Panama's growth to be between 7% and 8%

July 2008

The consulting firms Indesa and Deloitte estimate that Panama's economy will grow by seven to eight percent this year.

This is slower than the 11.2 percent growth in 2007, with a pattern similar to that of the period 2004-2006.
Some international firms, like the Economist Intelligence Unit, are forecasting even higher growth and are predicting that Panama will again be the fastest-growing economy in Latin America this year.

 close (x)

Receive more news about Economic outlook

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


ATENAS: 13 HA, 1.5 KM from Highway 27, US$ 11/m2

Prime Lake Front Real Estate near San Jose, CR Now Available for Development, an extraordinary commercial real estate opportunity.
A lush 32 acre/13 hectare plot located just West of the...

Stock Indexes

(Jul 25)
Dow Jones
0.47%
S&P 500
0.29%
Nasdaq
0.02%

Commodities

(Jul 26)
Brent Crude Oil
50.760
Coffee "C"
134.20
Gold
1,246
Silver
16.36