1945

The trend towards slower growth in Panama continued, with the economy expanding by just 2.7%, compared to 4.4% in 1998 and 3% in 1999. As a result, per capita GDP increased by only 1.1%. Economic performance was even lower than had been expected by the authorities at the beginning of the year (3.5%-4%), and this was due to a fall in internal demand, as external demand showed a recovery after two years of decline. The slackening of both investment and consumption drove up the unemployment level. The central government deficit increased slightly owing to reduced tax receipts, but remained at a low level of just over 1% of GDP. Inflation returned to almost zero, despite the increase in international oil prices. The high current-account deficit of the balance of payments was reduced.

Related Subject(s): Economic and Social Development
Countries: Panama
/content/books/9789211558661s003-c015
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error
aHR0cHM6Ly93d3cudW4taWxpYnJhcnkub3JnLw==