Influence of banks in Panama on the performance of its GDP in the period 2015-2019

Abstract

The Panamanian economy has shown over the years a sector that generates an important influence on results, the financial sector. This paper focused on the influence that the financial industry, through the bank, represented at the “GDP” of Panamá, all this based on the results that the bank threw in financial intermediation, meaning, and the results that the bank obtained from that savings and loan cycle. Originally for the construction of the text, background information was consulted based on statistics, provided by official sources like, the bank superintendence of Panamá and the National Institute of Statistics and Census, as no other research was found that addressed the issue in a timely manner. These sources allowed the development of graphic tools that helped to develop more clearly the relationship between Panama's banks and GDP results. The methodological elements used were mixed with descriptive and comparative tools and the investigation of facts that seek to explain the movement that both the banking sector in Panama and the GDP of the nation in the period of time covered between 2015 and 2019, which comprises the same administration and is that of the president Juan Carlos Varela Rodriguez. As a final result it was possible to dimension the economic scope that it has had between the years 2015 and 2019 the Panama’s bank and the influence that its behavior has had on the positive or negative results of the GDP, besides understanding finally if the financial sector, is really an indispensable sector for the Panamanian economy.