Tourism: Income Doesn't Improve

Between January and August 2019, approximately 1.5 million tourists arrived in Panama, generating revenues of close to $3,314 million, 1% less than the amount reported in the same period of 2018.

Monday, November 25, 2019

The most recent report of the General Comptroller of the Republic of Panama details that between the first eight months of 2018 and the same period of 2019, the expenditure made by tourists who arrived in the country decreased by $32 million, going from $3.346 million to $3.314 million.

Only in August, it is estimated that the amount disbursed by tourists amounted to $263 million, 2% lower than the $270 million recorded in the eighth month of 2018.

Regarding the number of tourists who arrived in the country, the document states that for the periods in question also decreased, falling from 1.53 million to 1.51 million visitors.

See full report (in Spanish).

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More on this topic

Tourist Expenditure Increases to 4%

October 2019

During the first semester of 2019, foreign tourists in Costa Rica spent $2,228 million, exceeding by 3.8% what was reported in the same period of 2018.

Data from the Central Bank of Costa Rica indicate that between January and June 2018 and the same period in 2019, tourist spending increased by $81 million, from $2,147 million to $2,229 million.

Fewer Tourists Arriving in Panama

August 2018

According to entrepreneurs in the sector lack of promotion of the country is the reason why one million tourists came into the country between January and May of this year, 4% less than in the same period in 2017.

The Tourism Authority of Panama (ATP) reported that 1,091,008 tourists arrived in the first five months of 2018, registering a fall of 3.8% in relation to the 1,134,573 visitors registered in the same period in 2017.

Panama: Tourist Spending Continues to Slow Down

December 2017

From January to October 2017, tourist spending grew by only 1.6% compared to the same period in 2016, significantly lower than the 13% recorded between 2015 and 2016.

According to figures from the Office of the Comptroller General of the Republic, during the first ten months of the year tourists who arrived in the country spent $3.798 billion, an amount that exceeds by $60 million the $3.738 billion registered in the same period in 2016.

Panama: Tourist Spending Slows

November 2017

In the first nine months of the year, tourist spending in the country grew by 2.7% compared to the same period last year, well below the 11% increase registered between 2015 and 2016.

Figures from the Comptroller General of the Republic show that at the end of the third quarter of the year tourists who visited Panama spent $3.499 billion, while in the same period in 2016 theses expenses amounted to $3.407 billion. 

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