Doing Business in Panama

Economic Outlook 

 

Gross Domestic Product 

Expected Year-to-Year growth was 8.4% at the end of 2013, mainly enforced by industries like: Transportation and communication, properties and enterprises, commerce, financial and construction sectors.

Also Panama is well positioned due to an easy access to loans, soundness of banks and affordability of financial services.

 

 

Inflation

Panama’s inflation was 4.0% at the end of 2013, being below other countries inflation rates. This is due to the effort that the National Government is doing to mitigate the effects of the high petroleum prices and their derivates.

 

 

Unemployment Rate

Panama’s unemployment rate is one of the lowest in the region, 4.1% as December 2013, this is powered up by thrilling macro-economic conditions and it’s expected to continue decreasing during this 2014 to 4.0%.

 

 

104 Multinational Enterprises in the last couple of years have registered in Panama, supporting the creation of new jobs.

 

Foreign Direct Investment

Panama’s Foreign Direct Investment is going up since 2009 and it has diversified different economic sectors among the country.

Panama has established a reputation as one of the best countries for investments due to its solid economic performance, investment grade, incentives for the establishment of new enterprises and legal stability.

 

 

Main sectors in which Panama has major FDI are: Commerce, Manufacturing and Transportation.