Panama GDP

Panama

Panama: Economic growth expands at fastest pace in three years in Q2

September 15, 2011

The economy continues to gain momentum despite slowing growth in the United States. In the second quarter, the economy expanded 11.4% over the same quarter the year before, faster than the 9.3% rise registered in the first quarter. In fact, the pace of economic expansion was the fastest since Q2 2008 when economic growth reached its pre-crisis peak of 13.1%. The acceleration over the previous period reflected faster growth in services. In particular, commerce picked up and accelerated from a 7.8% expansion in the first quarter to a 15.2% increase in the second. Transport and logistics remained stable and added 15.1% in the second quarter (Q1: +15.2% year-on-year). Moreover, finance grew 12.9% in the second quarter (Q1: +7.8% yoy), while construction added 19.2% (Q1: +15.6% yoy). As a result, the services sector expanded 14.4% in the second quarter following an 11.3% rise recorded in the first. Manufacturing added 3.5% in the second quarter (Q1: +2.8% yoy) while agriculture rebounded from a 0.7% contraction in the first quarter to a 5.7% expansion in the second. The government expects the economy to grow 9.0% in 2011 and 7.0% in 2012.


Author:,

Sample Report

Looking for forecasts related to GDP in Panama? Download a sample report now.

Download




Panama Economic News

  • Panama: Inflation ticks down in November

    December 19, 2018

    Consumer prices fell 0.4% month-on-month in November, contrasting October’s 0.1% increase.

    Read more

  • Panama: Growth picks up from near decade-low in Q3, but remains hampered by feeble construction sector

    December 18, 2018

    According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy regained some steam in the third quarter of 2018 after posting its worst performance in nearly a decade in Q2, but nevertheless remained subdued.

    Read more

  • Panama: Economic activity softens in October

    December 17, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) fell from 3.8% in September to 3.0% in October. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to October came on the back of growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce—notably in the Colón Free Trade Zone.

    Read more

  • Panama: Inflation ticks up in October

    November 16, 2018

    Consumer prices increased 0.1% month-on-month in October, contrasting September’s flat reading.

    Read more

  • Panama: Economic activity continues to gain steam in September

    November 16, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from 3.4% in August to 3.4% in September, its best showing since last April. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to September came on the back of growth in the sectors of fishing; transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce.

    Read more

More news

Search form