The gross domestic product (GDP) from Panama it fell an 8.5% in the first quarter of 2021, on comparison with the same period of 2020, dragged for him little dynamism from domestic demand, what sigue very affected by derived crisis from the covid pandemic in progress.

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It is GDP decline I know sum to steep drop from 17.9 % what record the indicator in 2020, when they applied in isand country, with a dependent economy of the services, prolongeds closures of the productive sectors non-essential What measure in order to brake the advance of new coronavirus.
The 2021 It started with strong restrictions to mobility on the capital and one neighboring province what they house to almost the half of the 4.28 million inhabitants of country, which lgradually fading but now they have re-implanted on various zones, although a lot less stricts, because of a third pandemic wave.
The National Institute of Statistics and Census (Inec) ireported this Monday that the drop in GDP of 8.5 % in the first quarter of the year it was due to bad performance from sectors from the einternal conomy.
The worst fall it was registered by sector “electricity and water, cRetail trade, hotels and restaurants“, with a –54,8 %, indicated a costatement of the Comptroller General of the Republic, entity to which it is toInec has been written, without further details.
The hotel and restaurant sectors se collapsed 55.8% in 2020, and this year has not achieved recovery expected by restrictions on entrya de tourists to the country and the curfew measurementsOh weekend quarantine on various regions, have affirmed to Efe its leaders, what sthey are less than 10% at acurrent hotel occupancy.
The building, an activity that has reached represent more than 14% of Panama’s GDP, fell by 35.1% though, added the Inec, in the study period “see dto a payback on investment on public infrastructure “.
The construction recorded in the 2020 a resounding fall from 51.9 %, according official data released last March.
Between last January and March the manufacturing industry I know contracted a 2.4 %; and they also registered falls in “financial intermediation, real estate activities Y business, and others community, personal and service activities“, indicated the official statement without specifying percentages.
Conversely, recorded growth “copper concentrate production”, in a percentage qEU was not specified by the Inec, which only indicated that “the export of this item to the international market “grew” by 83.1%“.
They also recorded a positive behavior “the Panama Canal, with an increase in its toll revenue by 8.3%,; the oport operations, as a result of the greater movement of TEU containers by 7.5%; the re-exports from the Colon Free Zone by 6.2% and the fish whose export of fish reached 14,5 %”.

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