The skyline in Panama City, Panama

Panama Economic Activity January 2020

Panama: Economic activity inches up in January

The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) rose 2.7% year-on-year in January, accelerating from the 2.5% expansion recorded in December. Meanwhile, average annual growth in economic activity was unchanged at 3.2% for the second month running in January.

The uptick was driven by favorable developments in the transport, storage and communications sector—which includes activity in the Panama Canal and national ports—with increased canal operations and TEU container transit through the country’s ports. Furthermore, higher demand for local products boosted the trade sector, while the mining, agricultural and financial intermediation sectors all posted positive results in January.

On a month-on-month, seasonally-adjusted basis, economic activity contracted 0.3% in January, softening slightly from the 0.5% contraction recorded in the previous month.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest