Panamanian GDP Up 3% in the 2nd Quarter 2019

During the second quarter of the year the constant GDP totaled $10.498 million, 3% more than that reported in the same period of 2018, explained by the activity of transport and trade.

Tuesday, September 17, 2019

The General Comptroller of the Republic reported that activities related to the domestic economy performed positively this quarter: transportation and communications, commerce, construction, financial intermediation, government services, health and education.

The report states that "... On the other hand, the manufacturing industries and other community and personal services presented negative behaviors.

Among the values added by activities related to the rest of the world that showed increases, the Panama Canal, air transport, agricultural items such as bananas and melons stood out. The activities developed in the Colon Free Zone and fishing registered a decrease.

The Gross Added Value of the agricultural sector registered an 8.4% increase, because of the growth of the production of fruits, among them bananas and melons that showed in their exports increases of 121.7% and 26.2%, respectively, due to the reactivation of the banana production in the Baru area. Rice production grew by 0.1% and corn by 2.8%, due to the effect of the area sown and harvested. The production of watermelon and pineapple decreased their exports by 30.7% and 1.3%, in that order. At the same time, the hectares planted and harvested of sugar cane decreased.
"

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Panama: GDP Up 3% in the Third Quarter of 2019

December 2019

During the third quarter of the year, constant GDP totaled $10.731 million, 3% more than that reported for the same period in 2018.

Of the activities related to the domestic economy had a positive performance in this quarter, transport and communications, government services, electricity, trade, financial intermediation, private health and education, reported the General Comptroller of the Republic.

Panama: GDP Up 3% in First Quarter 2019

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During the first quarter of the year, constant GDP totaled $10.599 million, 3% more than reported in the same period of 2018.

Transport and communications, financial intermediation, electricity and water supply, construction and government services provided good performance during this period, according to the Comptroller General of the Republic.

Panama: GDP Up 4% in 2018

March 2019

During 2018, the constant Gross Domestic Product totaled $41,693 million, almost 4% more than what was reported in 2017, a rise that is partly explained by the behavior of the commercial sector.

During 2018, the behavior of economic activities related to the external sector highlighted the Panama Canal, the Colon Free Zone and financial intermediation, reported the Office of the General Comptroller of the Republic.

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.

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