Despite the uncertainty that exists on an international level, the Panamanian economy continues to grow apace, as indicated by the monthly index of economic activity figures, released by the Controller General of the Republic.

While all sectors, except for fishing, showed positive results across the board, the best performance was seen in the following industries: construction, transport, storage and communications, trade, hotels and restaurants, mining and quarrying, social and personal community services, electricity and water, and manufacturing.

An article in Prensa.com states: "fishing, meanwhile, continued to record negative growth rates due to the reduction in catches of species for export."

Source: Prensa.com

More on this topic

Panama Growth Loses Pace

May 2013

In March 2013 the IMAE grew by 5.92% compared to 13.75% in March 2012, making it the lowest month of growth in the last 24 months.

According to the economist Aristides Hernandez, the slowdown revealed in these numbers is greater than expected and he insists that this is already being reflected in the collection of revenue, showing that the warnings that had issued have born true.

Panama's MIEA Grows by 7.04% in January

March 2013

The sectors that grew during the first month of the year were fishing, construction, mining and quarrying, and the manufacturing industries.

From the information published by the Comptroller General of the Republic of Panama:

The Monthly Indicator of Economic Activity (MIEA) in the Republic, in January of this year, measured in terms of the original series, grew by 7.04%, compared to the same period in 2012.

Panama’s Economic Activity Grows 4.9% in January

March 2009

The economic activities that grew the most were port services, construction, tourism and mining and quarrying.

Economist Adolfo Quintero informed Prensa.com: "Economic activity is slowing down compared to January 2008, when it grew 9.83%, but it remains one of the most dynamic in the region. IMAE data project a 5.8% GDP growth for January."

Panama's growth rate slows to 7.0%

June 2008

Led by the construction industry, Panama's Leading Economic Indicators showed a growth rate of 7.0 percent for the first quarter of 2008, down from 10.4 percent in the same period of 2007.

The Comptroller General's Office for the Panamanian Government said the sectors of the economy analyzed that showed growth included construction, mining, hotels and restaurantes, transport, warehousing and communications, community activities and real estate, electricity, water and trade.