Panama: Economic Figures for 1st Quarter of 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.

Tuesday, June 21, 2016

n dir="ltr">From a statement issued by the Comptroller General of the Republic:

The performance of the Panamanian
economy in the first quarter of 2016, measured by Quarterly Gross Domestic Product  (PIBT by its initials in Spanish), showed an increase of 4.6 percent compared to the same period last year. 

The PIBT valued at 2007 prices (in chained volume measures), recorded an amount of B / 8982.8 million for the estimated quarter, which corresponds to an increase of B / 393.4 million compared to the same quarter in 2015. The activities related to the domestic economy which performed well in the quarter were, financial intermediation, construction industry, supply of electricity, mining and quarrying, real estate and business services , private health and government services. To a lesser extent, local wholesale and retail trade also developed.

See statistics here.



More on this topic

Honduras: GDP Up 3.6% in 2016

March 2017

The activities of Electricity and Water Distribution and Financial Intermediation were those that accounted for most of the growth in gross domestic product in 2016.

From a report by the Central Bank:

Quarterly Gross Domestic Product (PIBT) at constant prices, in the seasonally adjusted series, increased by 1.8% compared to the previous quarter; reflecting an acceleration in the production of goods and services in relation to all of the previous quarters of that year.

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: 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.

Panama: Economic Activity Grows 5.9%

June 2015

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%.

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.

 close (x)

Receive more news about Economics

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


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jun 1)
Brent Crude Oil
37.84
Coffee "C"
100.9
Gold
1,752
Silver
18.915