Panama is a growing country and can be considered a first world country by many ways. Panama is predicted to be the fastest growing Latin American country. Due to its location and other such factors Panama’s primary location comes from banking private firms and real estate in Panama. Buying and selling of Panama property is relatively profitable and property development is a big business in Panama. Also Panama earns over a billion every year from tourism contributing in a big way towards the economy of Panama. After the canal and the military installation have been handed over to the United States of America there has been a lot of development in the recent times in the economy of Panama. [Read more...]

Panama Growth

The International Monetary Fund (IMF) just released its forecast for economic growth in Central America. The collective economies from Guatemala to Panama will grow by an average of 2.7 percent next year according the IMF. Panama will lead the pack at 5 percent. The IMF predicts a growth rate of Panama’s economy of 6.3 percent in 2011. [Read more...]