La actividad económica de Panamá crece casi 4% en mayo

The National Institute of Statistics and Census reveals that Panama’s economic activity grew by 3.5 percent in May 2024, marking a slowdown compared to the previous year’s higher rates. This growth was primarily driven by robust performance in financial intermediation, transportation, construction, and manufacturing. While the agricultural and mining sectors contracted due to specific closures and lower exports, the broader economy demonstrated resilience through increased tourist spending, rising credit portfolios, and heightened industrial production of food and beverages. Transportation and logistics emerged as key contributors, fueled by port cargoes, free zone commerce, and tourism-related services. Although toll revenues from the Panama Canal declined, other transport metrics remained strong. Construction activity continued to expand, largely supported by public infrastructure investments, while the financial sector maintained upward momentum in deposits and lending. The hospitality and retail sectors also benefited significantly from increased visitor influx, although domestic fuel consumption and certain import values showed signs of contraction. This data is relevant to open_data initiatives because it highlights the necessity of disaggregating broad economic indicators into granular, sector-specific metrics. By making detailed sub-sea data publicly accessible, policymakers and researchers can better understand the underlying drivers of economic fluctuations, such as the disparity between public and private investment or the specific impacts of global commodity prices on local agriculture. Transparent, high-frequency data allows for more accurate economic forecasting and informed decision-making regarding which sectors require targeted support or regulatory attention.

Source: laestrella.com.pa
Published on 2024-08-03

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Datos Abiertos (Open data)

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