Panama
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2003-2004 , pp 263-269
- Publication Date: December 2004
- DOI: https://doi.org/10.18356/67850876-en
- Language: English
The strengthening of domestic demand in the wake of an expansionary fiscal policy triggered a recovery in the Panamanian economy in 2003, boosting gross domestic product (GDP) by 4.1 %. In addition to the increase in domestic demand, there was a gradual improvement in the external environment that became more pronounced in the first half of 2004. The upturn helped to ease the unemployment rate slightly, in a context of macroeconomic stability. Inflation remained low (1.7%), in keeping with traditional patterns, and the non-financial public-sector deficit stayed at the preceding year’s level (1.9%). The external deficit widened to 3.2% of GDP, owing to a larger outflow of profits and bank dividends.
© United Nations
ISBN (PDF):
9789211555202
Book DOI:
https://doi.org/10.18356/72d77e9d-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Panama
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