The country’s geostrategic location has historically granted it an influence on a regional and global level that often surpasses its small stature. Since the turn of the millennium the country has been diversifying its contribution to regional and global business through the expansion of its status as an international finance, transportation and...
For the past decade Panama has registered impressive economic growth. According to the World Bank, GDP growth averaged 6.8% from 2000 to 2012, while government figures show double-digit growth for four of the past seven years. Economic development has been fuelled by heavy public sector spending on infrastructure, particularly the $5.25bn expansion of the Panama Canal, which should ensure long-term growth.
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