We talked about the Panamanian economy in the second quarter of 2015, now we are in the final stages of the year and it is time to know how Panama ends the year.

Panamanian economy – economic improvement is predicted for 2016

We’re a few days to finish by 2015. The Panamanians make comparisons of economic movement, but have felt a slight decrease, predict better days for 2016; because during this month the trade and economic movement increases.

During December it is when people usually get their savings, bonuses and other incentives; but this year, unlike others in the streets they have different perceptions.

Still, citizens do not lose hope and predict that there will be better days for the country next year, when Carry out the construction of major projects and the expected start of operation of the expanded Panama Canal.

According to government projections with investing millions in subsidies, raising the minimum wage and social works for next year intended to contribute significantly to the Millennium Development Goals in terms of poverty reduction.

Panama’s economy grew in the third quarter of 2015

The third quarter of 2015, recording an increase in the Gross Domestic Product Quarterly (PIBT) of 5.6% over the same period during 2014.

According to the National Institute of Statistics and Census (INEC) of the General Comptroller of the Republic, the Panamanian economy amounting to U.S.$ 8954.7 million for the estimated quarter, representing an increase of U.S.$ 474.9 million, compared with 2014.

The activities that generated higher performance were: financial intermediation, construction, power supply, mining and quarrying, transport and communications, real estate and business services, private health and government services. While lesser extent, the local trade developed wholesale and retail.

Related activities worldwide are showing increasing: The Panama Canal, ports, restaurants and hotels.

Silvia Merida Pellicer
Gogetit Content Manager. Author of important reviews for Gogetit News, “The #1 Source for real estate news in Panama.”
Specialized in the search and analysis of the most important news about real estate in Panama.