The drop in production is explained by the performance of activities that were affected by the emergence of the covid-19 pandemic in March 2020, a situation that lasted for the rest of the year.
The Gross Domestic Product (GDP) valued at constant 2007 prices registered, according to calculations of the National Institute of Statistics and Census (INEC), an amount of $35,308.7 million, which corresponded to a decrease of $7,724.1 million, according to an official report.
Due to the crisis generated by the covid-19, in May 2020 the economic activity registered its worst decline by falling 31% in year-on-year terms, however, as of June minor decreases were reported and in September the drop was 22%.
The accumulated Monthly Index of Economic Activity (IMAE) from January to September 2020 registered a 18.3% decrease, compared to the same period in 2019, informed the General Comptroller of the Republic.
After the IMAE in Guatemala registered a -11% year-on-year variation in May of this year, during June and July the production contractions were lower, reporting falls of 7% and 5%, in that order.
The Bank of Guatemala reported that in the current economic crisis that emerged due to the spread of covid-19, the activities that have most boosted the drop in production are trade, tourism and transportation.
The Council of Ministers approved that Tegucigalpa and San Pedro Sula will return from July 29 to Phase I of the Opening Plan, which allows companies to operate with 20% of their workforce.
According to the proposal put forward by the Multisectoral Table, commerce and companies in general were authorized so that as of Wednesday, July 29, they can resume their activities and business, according to the percentage of the workforce, as per the authorized region, using the biosecurity protocols approved by the Ministry of Labor and Social Security.
After suspending the process of reopening the economy, on July 27 the country will resume Phase I in Region 3, which provides for the reactivation of operations of companies with 20% of their workforceº
For the time that the State of Emergency is in effect, the authorities ordered the paralysis of the activities of the production plant of the company ADOC, located in Montecarmelo, Soyapango.
On May 14, the company faced an inspection by the Ministry of Labor, in which seven inspectors, escorted by agents of the National Civil Police, a contingent of soldiers from the Armed Forces and reporters, demanded to verify the working conditions in the production of supplies for the emergency, the company reported.
During January 2020, the production of alcoholic beverages in Panama was 26.6 million liters, 13% more than the same period in 2019.
The most recent data published by the General Comptroller of the Republic, states that the production of alcoholic beverages in general reported 3.1 million liters, going from 23.5 million liters in January 2019, to 26.6 million liters in the same month of 2020.
Because of the lack of investment in recent years in the maintenance of the coffee park, in the first three months of the current harvest in El Salvador a 46% year-on-year drop in the volume of coffee production is reported.
Figures from the Salvadoran Coffee Council (CSC) indicate that from October to December 2019, nearly 358,000 quintals of coffee have been harvested, a volume that is lower than the 668,000 quintals produced in the same period in 2018.
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.
During September 2019, the production of alcoholic beverages in Panama was 24 million liters, and beer production fell 13% compared to the same month in 2018.
According to figures from the General Comptroller of the Republic, the accumulated production of alcoholic beverages in general reported a decline, reducing from 227.3 million liters from January to September 2018, to 218.3 million liters in the same period of 2019.
In the second quarter of the year, Costa Rica's GDP grew 1.4% year-on-year, below the 3% reported for the same period in 2018, which is associated with the evolution of internal demand and external demand for the production of companies under the definitive regime.
In the second quarter of 2019, the country's economic activity, as measured by the trend of the Gross Domestic Product (GDP) cycle, grew 1.4%, continuing the loss of dynamism observed since the second quarter of 2018, reported the Central Bank of Costa Rica (BCCR).
Construction and financial services were the sectors that explained most of the 2% year-on-year growth of the country's Gross Domestic Product, reported in the second quarter of 2019.
From the demand perspective, economic growth came from the contribution of exports (2.02%), which improved its execution with respect to the first quarter. The impacts of the expansion of private consumption and gross capital formation were offset by the contribution of imports (1.42%) and the variation in stocks (1.2%), reported the Central Reserve Bank (BCR).
The decline in the production of food products and beverages, influenced that during the first half of 2019 in Panama reported a 4.6% year-on-year fall in the production volume of manufacturing companies.
The behavior of the manufacturing industries, observed through their global integrated indices of volume, prices and value presented, for the first semester of 2019, compared with the same period of the previous year, decreases in the order of 4.6%, 0.5% and 5.0% respectively, informed the General Comptroller's Office of the Republic.
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.
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.
For the 2017-2018 season, imported coffee consumed in the country represented 18% of demand, but for the 2018-2019 cycle that proportion increased to 45%, being Nicaragua and Honduras the main suppliers of the grain.
According to statistics from the General Directorate of Customs and compiled by the Coffee Institute of Costa Rica (Icafe), for the 2018-2019 cycle in the Costa Rican market were consumed about 526 thousand bags of 46 kilos of coffee, of which 292 thousand were of national production and 234 thousand were purchased abroad.