Industry in Panama

Panama Industry | Economic News & Forecasts

Panama - Industry

After rebounding in Q3 2018 following three quarters of consecutively slower growth, the economy appears to have continued to regain steam in the last quarter of the year. However, growth was likely still weaker than the country’s long-term average, as indicated by modest economic activity readings in October and November. The construction sector, which performed reasonably well in Q3 after slumping in the previous quarter, should have supported the expansion in Q4, powered by the government’s ongoing infrastructure development. On the political front, in late January parliament approved a law penalizing tax evasion. The move is aimed at avoiding being blacklisted as a tax haven, and should boost the country’s status as a regional financial center as well as business sentiment.

Panama - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)16.5  10.2  10.2  6.0  6.3  

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Panama Industry Chart

Panama Industry
Note: Annual variation of industrial production in %.
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.

Panama Facts

Stock Market4400.0 %Feb 20

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