Panama

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Since 1914 the Panama Canal has been a key conduit for international trade. Connecting 144 routes and reaching 1700 ports in 160 countries, the man-made waterway has positioned the country as a transportation and logistics hub in the Americas.

The overall unemployment rate in Panama increased from 4.1% in 2013 to 4.8% in 2014. This included 3.5% (or 61,616 people) who were openly unemployed and an additional 1.4% (or 24,289 people) assessed as being in the “hidden unemployed”, according to figures published by the National Statistics Agency. Nearly two-thirds of the absolute increase in the number of jobless...

With GDP growth forecast at 7% in 2015, why is a spurt expected after the slowdown in 2014?

What needs to be done for the country to achieve an “A” investment grade rating?

Diversified across various sectors, over recent years Panama’s economy has been notable for its resilience in face of problems in key trading partners such as Venezuela and comparatively rapid growth in a regional context. In 2014 Panama’s GDP was $43.8bn, while its per capita income reached $11,147, according to the IMF. Panama’s real GDP expanded by 7.8% annually over...

Panama is a small and open economy in which investment is normally well in excess of savings. In 2014 the current account deficit amounted to some $5.3bn, or 12% of GDP, according to the IMF.

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