Panama Agriculture

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While the large share of high-value services in Panama’s economy, including finance, telecommunications and logistics, is envious for emerging economies around the world, the small size of its agricultural sector arouses some concern. Despite impressive GDP growth in recent years, including regional records of over 10%, the agriculture sector...

As Panama’s agricultural sector is faced with direct competition from modern farms in the US and Europe, it is in need of an upgrade to its storage and transportation infrastructure. To this end, various initiatives have been proposed to bring production and handling in line with international levels. Besides emergency stop-gaps to accelerate...

For the past decade Panama has registered impressive economic growth. According to the World Bank, GDP growth averaged 6.8% from 2000 to 2012, while government figures show double-digit growth for four of the past seven years. Economic development has been fuelled by heavy public sector spending on infrastructure, particularly the $5.25bn expansion of the Panama Canal, which should ensure long-term growth.

Chapter | Agriculture from The Report: Panama 2014

According to the National Institute of Statistics and Census, the agriculture sector grew 6% in 2011 and 3.9% in 2012. However, its contribution to GDP fell from 8% at the start of the millennium to 2.5% in the third quarter of 2013. One of four key pillars of economic growth in the Strategic Plan 2012-14, the sector has faced a number of challenges. The rapid pace of urbanisation, accompanied by...
El sector agrícola de Panamá se encuentra preparado para crecer gracias a los proyectos de modernización de la infraestructura y la ratificación de numerosos acuerdos comerciales en los últimos años.
El acuerdo de asociación firmado recientemente entre Panamá, otros cinco países Centroamericanos y la UE podría ayudar a estimular el desarrollo de la creciente industria agrícola Panameña.

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