The performance of the Panamanian economy, in the second quarter of 2022, measured through the Quarterly Gross Domestic Product (PIBT), presented an increase of 9.8%, compared to the similar period of the previous year.
GDPT registered an amount of $9,925.7 million for the estimated period, which corresponded to an increase of $886.6 million.
Economic activities continue their recovery process after a prolonged period of health restriction measures due to the pandemic.
Of the activities related to the internal economy had a positive performance in this quarter: Transportation and communications, commerce, construction, manufacturing industry, product of a greater slaughter of pigs in 8.6% and poultry in 0.3%, real estate and business, financial services , health, other community and personal; as well as agricultural activities.
On the other hand, the added values generated by activities related to the rest of the world that presented increases: the Panama Canal due to the increase in its income from tolls by 2.4%, mainly, transit of Panamax ships by 14.3%, the re-exports of the Colon Free Zone at 20.6% and air transport; as well as pineapple exports at 47.5% and watermelon at 53.8%. Meanwhile, exports of bananas and fish showed decreases. For its part, the income generated by the mining sector was lower than that registered in the same period of the previous year; Likewise, port operations as a result of the lower movement of bulk cargo by 15.9%, and in the agricultural sector, banana exports fell by 55.7% and fish by 17.3%.
In the period from January to June 2022, the Gross Domestic Product reached an accumulated growth of 11.8% compared to the same period in 2021.