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%.

 

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