Economy

Panama has been a stable country since 1989 and is one of the fastest growing economies in Latin America. Panama’s US dollar-based economy rests primarily on a well-developed and well-maintained services sector that accounts for more than three-quarters of GDP. Services include operating the Panama Canal, logistics, banking, the Colon Free Trade Zone, insurance, container ports, flagship registry, and tourism. Panama’s transportation and logistics services sectors, along with infrastructure development projects, boost economic growth. Panama offers a variety of opportunities for travelers and investors from around the world.