Panama's Economy
Additional Information
Panama’s economy continues to grow, outdoing its neighboring countries. Between 2004 and 2013 the average GDP was 8.4%. The forecast is a promising one for Panama in 2018, with a prediction of the economy growing 5.5% and the GDP expects to expand 5.4% in 2019. The yearly income revenue from the Panama Canal just topped $1,650 million in 2017. With money in the government coffers, infrastructure projects sponsored by the government continue to be implemented, making Panama one of the leading countries in Central America in terms of infrastructure with good roads, bridges, parks, and sporting venues.
The stability of the government, location for shipping, world banking, and a prosperous outlook makes Panama one of the best places to live and do business. Not surprisingly, interest from foreign investments continues to grow every year and the population reflects this diversity.
