Panama: Economic activity grows 5%

Posted on 2018-07-11

For the second consecutive month, Commerce and Transport were the sectors that contributed most to the year-on-year increase of 5% recorded in economic activity to the month of April.

From a statement issued by the Office of the Comptroller General of the Republic:

The Monthly Index of Economic Activity (IMAE) in the Republic, for January-April 2018, grew by 3.77%, compared to the same period of 2017. The inter-annual monthly variation of April 2018, was 4.64%, compared to the same month of the previous year. In the period of January-April, the main categories of economic activity that showed a positive behavior were: trade, transport, storage and communications, public administration, fishing and electricity and water.

Commercial activity, one of the categories with greater weight in the economy, was driven by the demand of local commerce and the Colon Free Zone. The transport and communications services that showed a favorable behavior were those of the Panama Canal, the international transport of passengers by air and telecommunications.

Source: Central America Data