Panamanian Economic Activity Increases 5%

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

Wednesday, October 27, 2010

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.

Transportation and communications operations all together, received the dynamism of telecommunications, cargo movement from the National Port System with containers movement, TEU's and air transport. By contrast, rates were negative in transit of ships and net tonnage displaced by deep-water ships, which transited the Panama Canal.

Business recorded positive rates in retail and wholesale, including the Colon Free Zone.
Construction and mining showed growth, explained by public and private investments, other civil engineering jobs, and a greater extraction of metal ores and other minerals.
Hotels and restaurants activity continued to show positive changes, given the increased influx of tourists and hikers who stayed overnight and spent money in hotels and restaurants, primarily in Panama City.
In amusement and recreation activities higher revenue was reported from wagering on gaming rooms, primarily slot machine types, as well as the National Lottery.
In electricity and water growth was observed, supported by increased thermal power generation, consumption of electricity and water, however, a decrease in hydropower generation was noted.
The agricultural sector showed positive change due to further increase in production in some farming activities such as ñame, Otoe, milk production and cattle and poultry breeding, as well as pineapple and bananas crops mainly for export. However, pig breeding decreased and production of nontraditional fruits such as melon and watermelon also suffered.
Manufacturing posted increases in some activities, such as food processing, metal manufacture, printing and publishing and production of chemicals.

By contrast, production of non-metallic products, plastics, paper and textiles showed a slow down.



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Panama: Economic Situation - First half 2015

September 2015

The Monthly Index of Economic Activity in the first half of the year increased by 4% compared to the same period in 2014.

From a statement issued by the General Comptroller of the Republic:

The Monthly Economic Activity Index (IMAE) in the Republic for January-July 2015, measured in terms of the original series in 1996 prices, grew by 4.02 percent compared to the same period in 2014.

Panama's MIEA Up 6.54% in January and February

April 2013

The most active sectors were: fishing, construction, mining and quarrying, community activities, electricity and water, transport, storage and communications, financial services, agriculture and manufacturing industries.

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

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: Economy Grows by 9% in April

June 2012

Between January-April 2012, the Monthly Economic Activity Index (MEAI), measured in terms of the original series, grew 9.1 percent compared with same period in 2011.

The sectors that added the most dynamism to the economy were construction, mining and quarrying, transport, storage and communications, community, social and personal services, hotels and restaurants, electricity and water, trade, private health, financial intermediation and public administration. The rest of the activities had a positive impact, but to a lesser extent, with the exception of fishing, which continues to show limitations for the period in question.

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