In the fourth quarter, the economy expanded 9.6% over the same quarter the year before, which was down from the revised 11.2% rise registered in the third quarter (previously reported: 10.4% year-on-year). The deceleration over the previous period reflected slower growth in services (Q3:+14.1% yoy; Q4: +11.4% yoy), which are the largest component of Panama's economy. In particular, commerce decelerated from a 22.3% expansion in the third quarter to a 16.4% increase in the fourth. Construction, moreover, slowed down even more sharply, from 23.8% annual growth in the third quarter to 14.3%. On the other hand, both agriculture (Q3: -0.9% yoy; Q4: +2.5%) and industry (Q3: +6.4%; Q4: +7.9% yoy) accelerated compared with the previous quarter. For the full year 2011, the economy expanded 10.6%, well above the 7.6% expansion recorded in 2010. The government expects the economy to grow 7.0% in 2012.
Economic growth remains strong in Q4
March 1, 2012
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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%.