Panama’s local economic activity grows 9.13%

The monthly index of economic activity (IMAE) of Panama grew by 9.13% in the first nine months of the year. Most sectors of the economy performed better than last year.

Construction continues to be driven by public investments in infrastructure.
Transportation, storage and communications, trade, hotels and restaurants, mining and quarrying, real estate, financial services, personal and social community services, electricity and water, agriculture and manufacturing are other growing sectors.

Interestingly, report stated that the sector with the worse performance from previous years is still the fishing sector.
The government estimates that Panama economy will close the year with 9% growth.