Panama: Tourist Spending Continues to Slow Down


News from Panama / Monday, January 1st, 2018

From January to October 2017, tourist spending grew by only 1.6% compared to the same period in 2016, significantly lower than the 13% recorded between 2015 and 2016.

According to figures from the Office of the Comptroller General of the Republic, during the first ten months of the year tourists who arrived in the country spent $3.798 billion, an amount that exceeds by $60 million the $3.738 billion registered in the same period in 2016.

See: “Will Chinese tourists come?

For the periods in question the number of tourists increased from 6.3 million in 2016 to 6.7 million in 2017, however, this line also recorded a slowdown, since the growth of 2017 versus 2016 was 5.7 %, very far from the 11% increase between 2015 and 2016.

See statistics by the Contraloria. (In Spanish)

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