Panama: GDP Up 5.8%

The trade, construction, financial and real estate sectors have remained the drivers of economic dynamism in the first three months of the year.

Wednesday, July 9, 2014

From a report entitled "Evolution of GDP in the first quarter of 2014," by the Comptroller General of the Republic of Panama:

The implementation of road infrastructure drove the rebound in the construction sector, where business grew by 16%, while the improved performance of retail and wholesale trade was due to an increase in consumption, which is particularly visible in the volume of sales of bulk food, beverages and tobacco, materials and equipment," while in the retail trade, the increase was 9.8%, due to a rise in sales of automobiles, pharmaceuticals and fuels in the country, among other things."

Regarding construction, indicators linked to the activity showed the following behavior: building permits excluding infrastructure, rose by 17.7%, ready-mix concrete production decreased by 37.1% and cement also fell by 7 1%.



More on this topic

Panama: GDP Up 4% in 2018

March 2019

During 2018, the constant Gross Domestic Product totaled $41,693 million, almost 4% more than what was reported in 2017, a rise that is partly explained by the behavior of the commercial sector.

During 2018, the behavior of economic activities related to the external sector highlighted the Panama Canal, the Colon Free Zone and financial intermediation, reported the Office of the General Comptroller of the Republic.

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:

Guatemala: Recent Macroeconomic Performance and Outlook

July 2015

In the first quarter, mining and quarrying increased by 26.1%, financial intermediation 13.2% and trade by 5.2%.

The sectors that reported the lowest growth were construction 3.8%, transport, storage and communication with 3.4% and rented housing with 3.1%.

Oscar Monterroso, Banguat's economic manager, told Prensalibre.com "...

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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