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
Panama’s economy registers historic decline due to pandemic
AFP - March 2, 2021The 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
The Tico Times - March 2, 2021The 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
The Tico Times - March 2, 2021Tuesday is the 38th anniversary of Pope John Paul II’s visit to Costa Rica. As the first pope to visit the country,…
