Panama: Economic Activity Begins 2020 Upwards

During January of this year, the Monthly Index of Economic Activity reported a 2.7% year-on-year increase, which is partly explained by the behavior of trade, transport and storage.

Friday, March 20, 2020

Among the categories of economic activity that showed a positive behavior were: commerce, transportation, storage and communications, financial intermediation, agriculture, electricity and water, mining and quarrying, and domestic services, reported the Comptroller.

The report states that "... The commercial activity registered a slight performance, due to the greater demand of the local wholesale and retail trade.

Transportation and communications services showed a good performance, favored by the operations of the expanded Panama Canal and the container movement of the National Port System in TEU and telecommunications.

The agricultural sector showed an increase in items such as cattle and poultry farming, banana cultivation, mainly for export.

The electricity and water supply category showed a positive performance due to the increased generation of thermal energy with the participation of new electricity generation, from natural gas.
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See full report (in Spanish).



More on this topic

Economic Activity Grows at 3.6% in Panama

January 2020

During November 2019, the Monthly Index of Economic Activity reported a 3.6% year-on-year change, which was largely determined by commercial activities and financial intermediation.

Among the categories of economic activity showing positive behavior were: commerce, transportation, storage and communications, public administration, financial intermediation, agriculture, electricity and water, mining and quarrying, and domestic services, reported the General Comptroller of the Republic.

Panamanian Economic Activity Accelerates

November 2019

During September 2019, the Monthly Economic Activity Index reported a 4% year-on-year variation, higher than the registered in August, when it rose to 3.2%.

Among the categories of economic activity that showed a favorable behavior were: commerce, transportation, storage and communications, financial intermediation, agriculture, public administration, construction, electricity and water, exploitation of mines and quarries, and domestic services, informed the General Comptroller of the Republic.

Economic Activity Fails to Recover

July 2019

After the year-on-year variation of economic activity in Panama fell from 3.7% to 2.9% between February and April, the indicator dropped to 2.4% in May.

Some of the categories of economic activity that showed good performance were: transportation, storage and communications, financial intermediation, public administration and electricity and water, informed the General Comptroller of the Republic.

Panama: IMAE Grows by 9.42%

October 2012

In the period January-August 2012, the Monthly Economic Activity Index, rose by 9.42% compared to the same period in 2011.

A statement from the Controller General reads:

The sectors that performed best were: construction, mining and quarrying, community activities, social and personal services, hotels and restaurants, transport, storage and communications, electricity and water, manufacturing, trade, financial intermediation, private health and public administration, among others, while fishing continues to show a negative variation.

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