The National Institute of Statistics and Census has released updated quarterly GDP series using a 2018 reference base, replacing older data to provide a more accurate picture of Panama's economic behavior. This methodological shift ensures that current statistical analysis reflects modern economic structures, offering a crucial foundation for evidence-based policy decisions and public transparency. The data reveals a robust economic expansion in the first half of 2023, driven primarily by domestic sectors such as construction, manufacturing, and services. This positive trajectory highlights the resilience of internal market activities, although it coexists with declines in specific areas like health services and certain energy sectors, indicating a complex and uneven economic recovery across different industries. This report is significant for open data as it demonstrates the ongoing modernization of official statistics, ensuring that datasets remain relevant and comparable over time. By updating reference years and incorporating granular sectoral details, the institute facilitates better research and analysis, allowing stakeholders to access high-quality, reliable information that supports informed decision-making and fosters greater accountability in public economic management.
Source:Published on 2023-12-03