Panama economy, “one of the most prosperous” according to MEF

agosto 28, 2015 10:53 am Publicado por 6.226 Comentarios


The Ministry of Economy and Finance (MEF) describes Panama’s economy as “one of the most prosperous”.

The MEF reported on its official Twitter account, a comparison based on the International Monetary Fund, the growth rate of Gross Domestic Product (GDP) which places Panama with a rate of 6.1, compared with growth of 0.5 in Latin America and the Caribbean, 2.5 in the United States, the European Union 1.5 and 3.3 worldwide.

This information arises during the presentation of the progress of the Government (PEG) Strategic Plan in a conversation with journalists.

The MEF also reported that in the first quarter of 2015, Panama reached 1705.8 billion in Foreign Direct Investment (FDI) which is more than 32.2% in the same period of 2014.

They also ensure that growth and “social programs” have enabled poverty and unemployment continue to “decline” and added that “inflation continues to decline” with 1.4% as of July 2015.

Minister Dulcidio De La Guardia welcomed journalists involved in this second meeting that aims performed monthly in order to comply with the policies of Transparency and Open Government.


Ernesto Chong de León, Ernesto Emilio Chong Coronado

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