Industry in Panama

Panama Industry | Economic News & Forecasts

Panama - Industry

Economic growth ebbed slightly in the third quarter, according to recently released data, marking the slowest rate of growth in nearly a decade. A weaker contribution from the services sector, which recorded the weakest reading in over three years, drove the slowdown and outweighed solid expansions in both the primary and industrial sectors. A strong contribution from the mining sector, following higher-than-expected output from the Cobre Panama mine, boosted the industrial sector. Turning to the fourth quarter, available signs suggest economic activity remained muted: The IMAE reading for October showed lower levels of economic activity growth than in the month prior. Meanwhile, in January, the Panama Canal Authority announced restrictions on the number of vessels passing through each day in response to drought, which could limit port revenue somewhat.

Panama - Industry Data

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)10.7  10.8  6.9  6.5  2.6  

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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.

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