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Panama Industry mainly consists of mining, manufacturing and construction activities. Industries in Panama have recorded a substantial growth over the years. Like in 1990s it has generated a growth of 7% and in 2000 it accounted for 17% growth in GDP.
In recent years, Panama has experienced an increase in construction projects. Both the government and private sectors have made large investments for constructing roads, bridges and ports. So there has been an increase in the demand for finished wooden products and materials for construction. In order to meet this demand the production of these commodities have risen significantly.
In the year 2000, construction activities have risen to 7.5%. At present, Panama manufacturing accounts for 8% of GDP. In the country there are many food processing units and plants engaged in producing sugar, clothing, hats, soap, shoes, edible oils, ceramics, furniture and alcoholic beverages. Other products manufactured here are cement and chemicals.
The mining industry of Panama has shown the potential for significant growth in the recent years. Besides, the Panamanian oil refinery has shown its potential of producing 60,000 barrels every day. Thus Panama Industry has shown significant growth in the country's economy.
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