Panama: Economic Activity Grows 5.9%

In the first three months of the year, economic activity increased by 5.9% compared to the same period in 2014, with the construction sector leading with a growth rate of 8%.

Tuesday, June 16, 2015

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

The performance of the Panamanian economy in the first quarter of 2015, measured by Quarterly Gross Domestic Product (initials in Spanish: PIBT), showed an increase of 5.9 percent compared to the same period last year.

The PIBT valued at 2007 prices recorded an amount of B / 9163.6 million for the estimated quarter, which corresponds to an increase of B / 509.7 million compared to the same quarter of 2014.



More on this topic

Panama's Economy Up 5.6%

December 2017

The increase of 5.6% registered in GDP in the third quarter of 2017 was mainly due to a 12% increase in the activity of Transportation, storage and communication and 9% in construction.

From a statement issued by the Ministry of Panama:

Panama: GDP Up 5.2% in June 2016

September 2016

In the first quarter the economy grew by 5.2% compared to the same period in 2015, driven internally by the activities of financial intermediation and construction.

From a statement issued by the General Comptroller:

The performance of the Panamanian economy in the second quarter of 2016, measured by Gross Domestic Product Quarterly (PIBT), showed an increase of 5.2 percent compared to the same period last year. The PIBT valued at 2007 prices (in chained volume measures), recorded an amount of B/.9,191.8 million for the estimated quarter, which corresponds to an increase of B/.450.7 million compared to the same quarter in 2015.  

Panama: Economic Figures for 1st Quarter of 2016

June 2016

The sectors of the domestic economy which had the most influence in the 4.6% GDP growth in the first quarter of the year compared to the same period in 2015 were financial intermediation and construction.

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

Panama: Third quarter GDP Up 6%

December 2015

In the third quarter the Panamanian economy grew by 5.6% compared to the same period in 2014, driven by the financial and construction sectors.

From a report issued by the National Institute of Statistics and Census:

The performance of the Panamanian economy in the third quarter of 2015, measured by Quarterly Gross Domestic Product (PIBT by its initials in Spanish), showed an increase of 5.6 percent compared to the same period last year. The PIBT valued at 2007 prices (in chained volume measures), recorded an amount of B / 8954.7 million for the estimated quarter, which corresponds to an increase of B / 474.9 million compared to the same quarter in 2014.

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