Panama's economy showed growth in November 2025. The Monthly Index of Economic Activity (IMAE) increased by 4.37% compared to the same period last year. This growth was driven by several key sectors. Transportation, storage, and communications remained on an upward trend, pushed by the Panama Canal, which recorded increases in toll revenue and net tons transported. This was complemented by the dynamism of air transport and container movement in the country's ports. The construction sector also showed growth, driven by new buildings, expansions, and repairs, measured through municipal permits, which in turn generated greater demand for basic inputs and favored the activity of mines and quarries. According to the report, commercial activity presented moderate positive rates; financial intermediation maintained an ascending trajectory thanks to the increase in deposits and credits; while hotels and restaurants continued with the dynamism observed in previous months. In the industrial sector, positive results were registered in the production of essential foods, such as chicken meat processing, the sacrifice of swine and cattle, as well as in the elaboration of alcoholic beverages, including beer, seco, and other liquors. However, some activities showed negative results.
