Panama: Quarterly GDP Up by 6.2%

Posted on 2017-06-22

Trade was the sector that contributed the most to GDP growth in the first quarter of the year, due to an increase in the value of re-exports from the Colon Free Zone.

From a statement issued by the Comptroller General of Panama:

The GDP of the Republic of Panama grew by 6.2% during the first quarter of 2017, compared to the same period last year, according to the latest report from the National Institute of Statistics and Census (INEC) by the Comptroller General of the Republic.

The results show that the quarterly GDP reached 9,580.5 million balboas; This amount represents an increase of 559.2 million balboas compared to the GDP in the first quarter of 2016, which added up to 9,021.3 million balboas.

Source: Comptroller General of Panama