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).

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Panama: GDP Increased 4% in the Third Quarter 2018

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During the third quarter of 2018, the constant Gross Domestic Product totaled $10.453 million, 3.6% more than that reported in the same period of 2017.

The activities related to the domestic economy this quarter were good: transport and communications, local wholesale and retail trade, financial intermediation, construction, real estate and business services, private education and health, and government services.

Costa Rica's GDP increases 3%

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During the second quarter of 2018, the economic activity volume, measured with the trend of the Gross Domestic Product (GDP) cycle, increased at an annualized rate of 3.6%, mainly as a result of an increase in investment in new buildings and final consumption of households. In the year-on-year comparison, production registered a growth of 3.3%, according to the Central Bank of Costa Rica.

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.

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.  

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