• Costa Rica Coffee Guide

Panama Economy Grows by 11%

March 14, 2008

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

Panama’s economy registers historic decline due to pandemic
Latin America
1971 views
Latin America
1971 views

Panama’s economy registers historic decline due to pandemic

AFP - March 2, 2021

The economy of Panama, one of the largest in Central America, suffered a historic contraction of 17.9% in 2020 compared…

IMF loan ‘ultimately benefits all Costa Ricans,’ Alvarado says in interview
Costa Rica
1576 views
Costa Rica
1576 views

IMF loan ‘ultimately benefits all Costa Ricans,’ Alvarado says in interview

The Tico Times - March 2, 2021

The International Monetary Fund (IMF) on Monday approved a three-year, $1.78 billion loan to help stabilize Costa Rica's economy. Read: IMF…

This day in history: Pope John Paul II visits Costa Rica
A Look Back
2446 views
A Look Back
2446 views

This day in history: Pope John Paul II visits Costa Rica

The Tico Times - March 2, 2021

Tuesday is the 38th anniversary of Pope John Paul II’s visit to Costa Rica. As the first pope to visit the country,…