Panama's growth rate slows to 7.0%

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.

Friday, June 20, 2008


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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.
Agriculture and fisheries recorded a decline.
Construction activity increased by 41.5 percent, with most of the growth in the district of Colón and Panama City.

More on this topic

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's MIEA Grows by 7.04% in January

March 2013

The sectors that grew during the first month of the year were fishing, construction, mining and quarrying, and the manufacturing industries.

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

The Monthly Indicator of Economic Activity (MIEA) in the Republic, in January of this year, measured in terms of the original series, grew by 7.04%, compared to the same period in 2012.

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.

Panamanian Economic Activity Increases 5%

October 2010

In the first eight months, economic activity increased by 5.23% over the same period in 2009.

Sectors showing best performance were: transportation, storage and communications, commerce, education, mining, hotels and restaurants, social and personal community services, electricity and water, construction and agriculture.

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