Although historically the Panama Canal has been the top revenue earner, the contribution of canal revenues as a percentage in the transport and logistics sector has been gradually declining. In 2008 income from the canal represented 46.6% of sector GDP, while in 2013 it amounted to 37%. This shows that other transport modalities, mainly land-based cargo, have increased...
Panama Transport
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Articles & Analysis | Panama expanding cargo capacity for intermodal transport from The Report: Panama 2015
Despite slower GDP growth of 6.2% in 2014, according to the Ministry of Economy and Finance, Panama remains one of Latin America’s fastest growing economies, a trend set to continue in coming years with the IMF forecasting average annual growth of around 6.5% over the next five years.
Un esfuerzo nacional para impulsar el transporte y la capacidad logística de Panamá mantendrá el gasto en infraestructura por encima de la media regional, a pesar de que los desafíos de la economía nacional podrían frenar el ritmo del desarrollo de nuevos proyectos.
Articles & Analysis | Underground works: The first phase of the new metro system is set to be ready in 2014 from The Report: Panama 2014
Home to around one-quarter of the country’s population of 3.8m, Panama City, the capital, has been facing aggravating traffic congestion for some time. Strong economic growth has resulted in increased automobile purchases, domestic migrations from rural areas and a steady flow of international tourists and businessmen – all of which add pressure...
Articles & Analysis | Trade centre ambitions: Leveraging global trade for domestic economic development from The Report: Panama 2014
Ever since the country wrested control of the Panama Canal in 1999, economic development has taken on several new dimensions including the rapid growth of the logistics sector. The country’s location at the epicentre of trade in the region, growing presence as a hub for logistics and trade, relatively small size and influential financial sector...
