Panama: GDP Up 5.2% in June 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.

Friday, September 16, 2016

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.  

Of the activities related to the domestic economy those which performed well in the quarter were, financial intermediation, the construction industry, the electricity power supply, mining and quarrying, communications, real estate and business services, private health care, government services, local commerce and free trade zones. 

Read full report (in spanish).



More on this topic

Panama: GDP Up 3% in II Quarter 2018

September 2018

During the second quarter of 2018 the constant Gross Domestic Product totaled $10,084 million, 3% more than was reported in the same period in 2017.

The activities related to the domestic economy that performed positively in this quarter were: transport and communications, financial intermediation, trade, government services, health and education. On the other hand, construction activities, mines and quarries, hotels and restaurants, other community and personal activities presented negative behavior, informed the Comptroller General of the Republic.

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.

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.

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