The first six months of 2013 turned out to be really positive for Panama, GDP totaled $13.488 billion which shows an increase of 7.3% comparing to the same period of 2012.
The report delivered by the Comptroller in return states that Real GDP grew by 7.6% during the second quarter of 2013. Such growth is reasonable when considering that mining and quarrying grew by 27.8%, construction by 26.2%. There are two major sources of development for public and private works.
Panamanian Chamber of Construction in addition, states that during 2012 there were over $5.5 billion invested in construction projects in Panama.
Other sectors of growth are financial intermediation, transport, storage and telecommunications which improved by 10.3% and 7.2% respectively.
However there are still sectors with negative trend, among them wholesale and retail industry and Colon Free Zone.
