Quarterly Gross Domestic Product registers increase of 9.8%

During the second quarter of 2022, 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 B/.9,925.7 million for the estimated period, which corresponded to an increase of B/.886.6 million.

According to the Comptroller General of the Republic, the activities related to the internal economy that had a positive performance in this quarter were: 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.

This report details that the added values ​​generated by activities related to the rest of the world that presented increases are: 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.

While, 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%.

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