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: 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: 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.

Guatemala: From April to June, GDP Grew 4.3%

October 2013

For the second quarter of 2013, economic activity as measured by the estimated real level of GDP grew by almost twice that of the same period last year ..

A report on the estimate of quarterly GDP, for the second quarter of 2013 has been published by the Bank of Guatemala:

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