Impact of Coffee on Panamanian economy evaluated in study
- By : Panama Now
- Category : Agriculture, Economy
The multiplier effect of the coffee industry on the added value of the Panamanian economy was estimated at $ 212.2 million in 2015, according to the study “Economic Impact of the Coffee Industry in Panama” presented on Wednesday, June 6.
The greatest impact of this industry is generated through the private consumption of employees in the coffee production chain ($ 81.9 million).
Although currently this economic impact of coffee (harvest and processing) is lower than that of other agricultural industries, its value-added multiplier is the highest, according to the analysis.