In May, the economy expanded a strong 9.5% over the same month last year (April: +5.5% year-on-year), according to the monthly indicator of economic activity (IMAE, indice Mensual de Actividad Economica). An acceleration in the economic activity growth rate mainly reflected better performance by the transportation, storage and communications as well as trade sectors. On a monthly basis, economic activity increased 0.43% over the previous month in seasonally-adjusted terms, below April's 0.58% month-on-month rise. Annual average growth in economic activity went up from 6.7% in April to 7.1% in May. Economic growth should remain strong going forward, propelled by ongoing investment in a project that aims to double the Panama Canal's capacity by 2014.
Panama Economic Activity
Economic activity grows at a heady pace
July 25, 2011
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Panama Economic News
October 13, 2016
Consumer prices in a month-on-month comparison increased 0.2% in September after a flat reading in August.
September 27, 2016
In July, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) decelerated from 4.1% in June to a seven-month low of 3.0% in July.
September 16, 2016
The Panamanian economy gained traction in the second quarter of the year.
September 13, 2016
In August, consumer prices were flat, down from July’s 0.10% print.
August 25, 2016
In June, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) decelerated from May’s over-one-year high of 5.2% to 4.1%.