Panama Economy Grows by 11%
Pushed by strong growth in agriculture and construction sectors, Panama’s gross domestic product (GDP) grew by 11.2% last year.
The country’s GDP is now an estimated $19.73 billion.
The report of the growth, issued by Panama’s Comptroller General’s Office, pointed to “activities related with the foreign sector” as most responsible.
Production of pineapple and cantaloupe was up 19.8% and 29%, respectively, while the construction industry posted growth of near 20%.
You may be interested
Ballet Festival 2019 part of Costa Rica’s flourishing dance sceneJacob Spetzler - May 24, 2019
A convergence of international ballet classes, performances and meetings manifests this week in the form of the Costa Rican Festival…
Tico wins gold medal at Para Athletics Grand PrixAlejandro Zúñiga - May 24, 2019
When Sherman Güity lost part of his left leg after a traffic accident in 2017, he pledged to return to…
USNS Comfort mission to stop in Costa Rica this yearAlejandro Zúñiga - May 24, 2019
Costa Rica will receive the USNS Comfort, a United States Navy hospital ship, as part of the vessel's five-month medical…