REASONS TO INVEST IN PANAMA
Geographical location of Panama
Panama is a country that is only 60 kilometers wide at its narrowest part and it has a highway and a waterway (the Canal) that links the Pacific and Atlantic Oceans.
Panama stability
Panama is stable, without major political or civil problems. Since the 1990s, the Panamanian people have enjoyed stable democratic electoral processes.
Panama security
Panama is safe compared to other Latin American countries.
Panama currency
The official currency of Panama is the US dollar, but local currencies called Balboas are also used, with a value equal to USD.
Special economic zones of Panama
Special Economic Zones: the Colon Free Zone,the Panama Pacific Special Economic Area, etc.
Panama trade agreements
Panama has more than 20 free trade and association agreements with various countries, and is part of the European Union-Central America Association Agreement.
Panama connectivity
The country’s Tocumen Airport has daily flights to the main cities of America and Europe.
SNAPSHOT OF THE COUNTRY OF PANAMA
Capital city: Panama city
Population: 4 million
Language: Spanish (official), English (commercial)
GDP: US $ 76.4 billion (2015)
Inflation: 2.6% (2014)
Annual growth of Panama: 6.4% (2014)
Economic sectors: Services (75%) Industry (25%)
Panama unemployment: 4.5%
Main trading partners: US, EU, Central America and the Caribbean, Colombia, Japan, Canada,etc
Main imports: Oil, vehicles and pharmaceuticals
Main exports: Fruits, seafood and iron scraps.
Total stock of FDI in Panama: US $ 27 billion (2012)
Total FDI inflows to Panama: US $ 5 billion (2015)
Source: Ivan Gutierrez
