Industry in Panama

Panama Industry | Economic News & Forecasts

Panama - Industry

In early June, the government announced its intention to amend existing fiscal expenditure laws that cap the fiscal deficit at 0.5% of GDP for 2018. The government plans to raise the fiscal deficit by one percentage point and inject USD 300 million into the construction of large-scale infrastructure projects to lessen the impact of the ongoing economic slowdown: Average monthly economic activity in Q1 dropped to a near three-year low; especially worrying was a contraction in construction activity in March. The construction sector is also expected to have a poor performance in the second quarter as a massive, month-long labor union that ended on 18 May brought the sector to a complete standstill. On the political scene, the U.S. government granted on 8 June the extradition of former president Ricardo Martinelli to face criminal prosecution in Panama. His return will unsettle the political landscape ahead of next year’s presidential election.

Panama - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)16.5  11.2  11.2  6.0  6.3  

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Panama Industry Chart


Panama Industry
Note: Annual variation of industrial production in %.
Source: General Controllership of the Republic of Panama and Met the why particular calculations.

Panama Facts

ValueChangeDate
Stock Market4780.0 %Jun 19
Stock Market4780.0 %Jun 19

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