Ever since it gained back the Canal, the country has reached amazing developmental levels that have situated it as the country with the best GDP in Latin America.
Located in southeast Central America, Panama started to be recognized on August 15th, 1914, when for the first time a ship travelled from the Atlantic Ocean to the Pacific Ocean through one of the most famous engineering efforts: The Panama Canal.
However, the country is much more than just the Canal. The 75.420 km2 that unite the Americas and that are embraced by both the Pacific Ocean and the Caribbean Sea, are hosts to a unique geography, which includes more tree and bird species than all of North America, a rich ancestral culture, and of course, an incredible human warmth.
Due to its privileged geographic location, the country has transformed itself into one of the most important business centers in the continent, with great legacy in areas such as Banking, Finance, Services, Logistics and Commerce. This added to its political and economic stability have placed it as a highly attractive destination for investment.
Today the country is facing immense challenges as well as opportunities in investment areas such as relief works, real estate, tourism and of course: service.The country is aiming strongly towards increased development in all areas.
With a population of 4 million, 4% of which are foreigners, Panama has ranked in multiple developmental and growth classifications in the region (6° in Doing Business, 4° in Human Development Index, 2° in Logistical Performance and Economic Liberty). Nevertheless, after 10 years of sustained growth, Panama will move on to lead the GDP of all Latin America with US$27.305, surpassing Chile, and projecting US$36.034 in 2024, with an annual growth of 5.4%.
Panama continues to transform allowing for unique opportunities and a comfortable lifestyle for foreigners.
This information was developed by Panama Living, a digital platform committed to collecting, researching, and disseminating all the necessary information to turn your interest in Panama into a pleasant and enriching experience.
