Panama: GDP Up 5% in 2017

Activities of the canal and air and financial services accounted for most of the 5.4% growth recorded in GDP over the past year.

Tuesday, March 6, 2018

The Comptroller General of the Republic reported that the increase reported in 2017 " ... is explained primarily by the behavior of economic activities related to the external sector. Among them, those of the Panama Canal, air and financial services stand out positively. On the other hand, trade in the Colon Free Zone, showed a decrease." 

From a report by the Comptroller General of the Republic.

In 2017, the production of goods and services in the Panamanian economy, measured through GDP, showed a growth of 5.4%, with respect to the previous year. The GDP valued at constant prices in 2007 registered, according to INEC calculations, an amount of B / .40,176.9 million, which corresponds to an increase of B / .2,042.7 million. 

In the domestic sector, there were increases in the activities of: wholesale and retail trade, construction, real estate, regular passenger transportation, telecommunications, electricity and water, restaurants and hotels, mining and quarrying, education, private health, other community services, social and personal, raising pigs and poultry.  

The GDP for the fourth quarter showed a positive behavior of 4.9%, compared to the same period in the previous year.

See complete report (in Spanish).

More on this topic

Honduras: GDP Up 4.8% in 2017

March 2018

Financial Intermediation and Public Administration, were the sectors that most influenced the annual growth of almost 5% registered during the past year.

From a report by the Central Bank of Honduras: 

In the last quarter of 2017, the national economic activity measured with the Quarterly Gross Domestic Product (GDPT) showed a quarterly increase of 0.1%, the effect of a combination of both internal and external unfavorable factors; meanwhile, it stood at 3.6% year-on-year (compared to the same quarter of 2016), both variations measured with the seasonally adjusted series of GDPT at constant prices.  

Panama: Quarterly GDP Up by 6.2%

June 2017

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. 

Panama: Economic Situation Report - January 2015

March 2015

In the first month of the year, the economy grew by 5.8%, driven mainly by the sectors of fisheries, transport, storage and communications and construction.

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

The Monthly Economic Activity Index (IMAE) in the Republic, up to January 2015, measured in terms of the original series in 1996, saw prices grow by 5.8% compared to the same period in 2014.

Panama: Economy Grew by 6.2% in 2014

March 2015

Activities linked to the external sectors such as ports, air transport, financial, tourism, Canal services, and banana, melon and watermelon exports were the most dynamic.

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

The National Institute of Statistics and Census (INEC) has estimated figures for Gross Domestic Product (GDP) at current prices and the total measurement at 2007 prices, by economic activity for the year 2014.

 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

Management software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Feb 28)
Dow Jones
S&P 500


(Mar 20)
Brent Crude Oil
Coffee "C"