The information and communications technology (ICT) sector plays an essential role in efforts to consolidate the diversified services sector. While the population may not be as sizeable as those of other economies in the region, the high adoption rate of new technologies has attracted players from around the world looking to tap into Panama’s...
Surging economic growth, a rapidly improving infrastructure network and having one of the world’s main trade routes have allowed the country to transform itself into a popular destination for foreign direct investment (FDI) over the course of the past decade. Simultaneously, the presence of an attractive regulatory framework providing numerous...
Coupled with a supportive investment incentive framework, Panama’s innate strengths in the tourism industry have made it a natural destination for investment, both foreign and domestic. While in recent years much of that investment has been channelled into Panama City and its growing cadastre of three-, four- and five-star hotels, funds are now...
Rapid economic growth in recent years has not left Panama’s energy sector unscathed. According to figures from Empresa de Transmisión Eléctrica (ETESA), the national electricity transmission company, demand for power will grow at around 7.5% per year until 2016 while annual averages of 5.6% are expected in the 10 years after that. Managing the...
To what extent will the global economic recovery and shifting trade patterns aid revenue forecasts?
How would you assess Panama’s rise from 56th to 37th place in the World Economic Forum’s “2013 Travel & Tourism Competitiveness Report”?
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