Panama's Economy Up 5.6%

The increase of 5.6% registered in GDP in the third quarter of 2017 was mainly due to a 12% increase in the activity of Transportation, storage and communication and 9% in construction.

Monday, December 18, 2017

From a statement issued by the Ministry of Panama:

The economy of Panama grew 5.6% in the third quarter of 2017, contributing B /. 1,567.6 million more than in the same period in 2016 and totaled B /. 29,724.4 million.  

The information was provided by the National Institute of Statistics and Census of the Office of the Comptroller General of the Republic, highlighting that the economy's growth of 5.6% corresponds to the (real) Gross Domestic Product of Panama.  

The activities that showed the most dynamism in the first nine months of this year were transport, storage and communication (11.8%), construction (9.2%) and the exploitation of mines and quarries (9.2%).  

Read full release (in Spanish).

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From a statement issued by the General Comptroller:

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From a report issued by the National Institute of Statistics and Census:

The performance of the Panamanian economy in the third quarter of 2015, measured by Quarterly Gross Domestic Product (PIBT by its initials in Spanish), showed an increase of 5.6 percent compared to the same period last year. The PIBT valued at 2007 prices (in chained volume measures), recorded an amount of B / 8954.7 million for the estimated quarter, which corresponds to an increase of B / 474.9 million compared to the same quarter in 2014.

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In the first three months of the year, economic activity increased by 5.9% compared to the same period in 2014, with the construction sector leading with a growth rate of 8%.

From a statement issued by the General Comptroller of the Republic:

The performance of the Panamanian economy in the first quarter of 2015, measured by Quarterly Gross Domestic Product (initials in Spanish: PIBT), showed an increase of 5.9 percent compared to the same period last year.

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