Investment in Panama
Panama - Investment
GDP growth plunges in Q4
Growth moderated in the fourth quarter, with GDP increasing 16.3% on an annual basis according to a preliminary estimate (Q3: +25.5% year-on-year).
The services sector grew 13.8% year-on-year in the final quarter, decelerating from the third quarter's 21.2% increase and marking the slowest growth since Q1 2021. Looking at service subsectors, growth decelerated markedly in hotels and restaurants, retail trade, transportation and real estate. In addition, the industrial sector lost steam, growing 32.4% in Q4 (Q3: +64.6% yoy), due to much slower growth in mining production and a slight slowdown in manufacturing output. Meanwhile, the agricultural sector rebounded, growing 6.9% in Q4, contrasting the 0.4% decrease recorded in the prior quarter, thanks to a rebound in fishing activity.
Moving on to Q1 of this year, ad-hoc data suggests firming domestic demand, as both new vehicles and fuel sales grew markedly in January. Moreover, transportation is also benefiting from intensifying transit in the Panama Canal.
FocusEconomics Consensus Forecast panelists project that the economy will expand 12.6% in 2022, which is up 0.9 percentage points from last month’s forecast, and grow 6.4% in 2023.
Panama - Investment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Investment (annual variation in %) | 6.5 | 2.1 | 7.6 | 0.9 | - |
Panama Facts
| Value | Change | Date |
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Economic News
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Panama: Economic activity growth slows in March
May 19, 2022
Economic activity increased 12.6% in year-on-year terms in March, which represents a slight slowdown from February's 13.3% increase.
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Panama: Inflation comes in at highest level since December 2013 in April
May 14, 2022
Consumer prices increased 0.58% over the previous month in April, moderating from March's 0.87% increase.
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Panama: Economic activity growth rises in February
April 21, 2022
Economic activity increased 13.3% in year-on-year terms in February, which followed January's 12.3% increase.
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Panama: Inflation comes in at highest level since November 2021 in March
April 13, 2022
Consumer prices increased 0.87% over the previous month in March, accelerating from February's 0.69% increase.
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Panama: Economic activity growth loses steam in January
March 21, 2022
Economic activity grew 11.7% compared to the same month of the previous year in January, which was below December's 17.1% increase.
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