Transportation, storage and communications, construction and mining activities accounted for most of the 5.8% growth in GDP during the first half of the year.
Tuesday, September 12, 2017
From a statement issued by the Ministry of Economy and Finance:
Economy and Finance Minister Dulcidio De La Guardia was optimistic about the economy's results during the first half of 2017, which point to a growth of 5.8% in Gross Domestic Product (GDP).
Real GDP registered an additional contribution to the economy of B /. 1,060.3 million, according to the National Institute of Statistics and Census (INEC).
The 5.8% growth in the first half of 2017 represents an improvement over the same period in 2016 and 2015, when GDP grew by 5.2%.
The growth index reported by the INEC in the first half of 2017 coincides with the MEF growth estimate for this year.
In the first quarter of the year, household final consumption and private construction investment accounted for most of the annualized 3.4% increase in GDP.
From a report by the Central Bank of Costa Rica:
In the first quarter of 2017, economic activity, measured by the cycle trend of the real Gross Domestic Product (GDP), grew at an annualized rate of 3.4%, mainly reflecting higher final household consumption expenditure and to a lower extent, an increase in investment in private construction, since external demand showed a moderation in its growth.
Trade was the sector that contributed the most to GDP growth in the first quarter of the year, due to an increase in the value of re-exports from the Colon Free Zone.
From a statement issued by the Comptroller General of Panama:
The GDP of the Republic of Panama grew by 6.2% during the first quarter of 2017, compared to the same period last year, according to the latest report from the National Institute of Statistics and Census (INEC) by the Comptroller General of the Republic.
The government has based its forecast of GDP growth on the recovery of activity in the Canal and public and private investment in infrastructure projects.
From a statement issued by the Ministry of Economy and Finance:
Fulfilling the legal mission to project the evolution of gross domestic product (GDP) of Panama, the Ministry of Economy and Finance (MEF) has reported that the estimated growth of the economy for this year is 5.8%, driven by dynamism in the sectors of construction, mining and quarrying, financial intermediation and supply of electricity, gas and water.
The Salvadoran economy showed signs of resistance to the international crisis during the first trimester of 2008.
As of March, the GDP grew by 4.2%, according to the Central Reserve Bank (BCR). The Monthly Index of Economic Activity (MIEA) grew by 3.6% in May, according to the BCR, which kept its growth projections at 4% for 2008.
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