Panamanian Economy Grew 2.4%

By the end of the first semester of the year, the country's economy grew 2.4% when compared to the same period of 2008.

Wednesday, September 16, 2009

Highest growth was recorded in mining (13.1%), construction (12.4%) and transportation, storage and communications (7.8%), while the most important decreases affected agriculture (-12.4%), wholesale and retail commerce (-8.2%) and fishing (-3.3%).

"For Alberto Vallarino, Economy Minister, the figures imply the country will continue on the growth path. 'We are in a good situation, much better than historic growth from other countries of the region like Colombia, Peru and Chile', assured Vallarino".



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Nicaraguan Economy Grows by 5%

July 2011

Government authorities have announced that in the first quarter of 2011 there was growth of 5.3% compared to the same period in 2010.

The rise according to a report by the Council of Communication and Citizenship is a result of growth in private and public investment and the value of exports (14.6%).

Panama Grows and Grows ....

June 2011

With 9.7% growth in the first quarter of 2011 compared to data recorded in the first quarter of 2010, the thrust of the Panamanian economy is surpassing all expectations.

While the rest of the world was just emerging with difficulty from the global financial and economic crisis in 2010, Panama grew by 7.5%. The projected growth for 2011 is 9%.

Panamanian Economy Up 6,1% in First Half of 2010

September 2010

The economy of Panama grew 6,1% between January and June, reaching a GDP of $10,8 billion, $571 million more than the same period of 2009.

The sectors with the highest growth were transportation, storage and communications (+14%), followed by trade (+10,2%) and tourism (+9,6%).

Deloitte lowers its growth forecast for Panama from 9% to 7%

August 2008

"In any case, 7.5% is still a favorable growth level and will continue to be one of the region's highest."

That was the comment by financial expert, Domingo Latorraca, a partner at Deloitte, during the company's latest Think Tank.

Panama's GDP grew last year by 11.2%, the highest rate in Latin America and one of the best in the world.

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