A dynamic and welcoming country
Over the last fifteen years, Panama has positioned itself as a prime destination for foreign direct investment in Latin America. Compared to its neighbors, the country stood out by withstanding the global financial crisis, boasting a GDP growth of 1.24% in 2009, followed by 11.31% in 2011.
The Panama Papers affair, followed by the COVID-19 pandemic’s impact, put a freeze on the country’s flourishing economy, which had been driven by a GDP growth four times the Latin America-Caribbean region’s average. After a contraction in 2020, a strong rebound was observed in 2022 and continues into 2023.
Panama serves as a bridge between continents. Its expanded interoceanic canal doubles maritime transit capacity, acting as a global economy engine. The country is a logistic crossroads for global cargo storage and distribution, linked with North and South America, the Caribbean, Europe, and Asia. With financial stability based on the US dollar, a crucial free trade zone, Tocumen International Airport, the metro, and other infrastructure, Panama is attractive for investors. Its geographical position and size make it central to five submarine fiber optic cables, a prime location for telecommunications companies.
Investment opportunities are diverse in this young country, aiming to enhance infrastructure, sustainability, and the economy. Key sectors in demand include: