Description
Economic growth remained stable in Q3 2017 with the region recording growth of 1.9%. Chile and Colombia registered higher growth compared to Q2 2017, while Mexico and Panama’s growth slowed slightly.
Decline in manufacturing and mining sector in Mexico had adversely affected the country’s economy which recorded 1.6% growth in Q3 2017. Mexico’s capital – Mexico City was hit by a powerful earthquake in September 2017 resulting in loss of lives and damages to infrastructure. The resultant reconstruction drive will temporarily increase economic activity. Panama’s economic growth rate reduced from 5.4% in Q2 2017 to 5.0% in Q3 2017. Exports declined from $4.06 billion in Q2 2017 to $3.38 billion in Q3 2017.
Chile’s economic recovery further strengthened, as the country registered 2.2% growth in Q3 2017 compared to 1% growth in Q1 2017. This was accompanied by significant increase in private consumption expenditure which amounted to $43.21 million. Exports also strengthened from $15.74 billion in Q2 2017 to $16.09 billion in Q3 2017.
Colombia registered a stronger growth of 2% in Q3 2017 compared to 1.2% in Q2 2017. The growth was driven by increased exports which amounted to $9.29 billion in Q3 2017, accompanied with increase in private and consumption expenditure.
Country Coverage – Latin America
· Chile
· Colombia
· Mexico
· Panama
Year, Quarter and Month Coverage
• Yearly Data: 2012 – 2021
• Quarterly Data: Q1 2012 – Q3 2019
• Monthly Data: January 2012 – September 2017
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