Public debt rose to $18.23bn at the close of 2014, up by 16% year-on-year. To what extent has overspending on infrastructure contributed to this? How can cost overruns be avoided in the future?
Retail
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Interviews & Viewpoints | Ramón Arosemena, Minister of Public Works: Interview from The Report: Panama 2015
Articles & Analysis | Panama boosts social housing through private sector collaboration from The Report: Panama 2015
With its economy expanding rapidly, one of Panama’s key challenges is to provide public services for its inhabitants. From housing itself to sanitation and energy, these areas are providing a host of opportunities for construction through concessions, tenders and public private partnerships. Housing, especially at a social interest level, has become a government priority...
Articles & Analysis | Panama retail sector receiving a large boost from The Report: Panama 2015
Despite slower GDP growth in 2014 – 6.5% compared to 8.4% in 2013 – Panama remains one of the fastest-growing economies in Latin America and the Caribbean, with regional counterparts averaging 5.5%. According to figures from the World Bank and the IMF, while the Panamanian economy is currently the 13th largest in the region, with a nominal GDP of $43.8bn, growth is set...
Interviews & Viewpoints | Abdul Waked, President, Grupo Wisa: Interview from The Report: Panama 2015
How can distribution chains in Panama enhance efficiency to reduce the cost of logistics?
Articles & Analysis | Panama an attractive luxury retail destination from The Report: Panama 2015
The combination of Panamanians’ growing purchasing power and the presence of foreigner visitors eager to spend in upscale boutiques has contributed to the latest boom in the luxury retail sector. The tangible impact of this growth can be seen in the influx of international high-end brands and ongoing investments in the construction of luxury retail space.
Chapter | Construction & Real Estate from The Report: Panama 2015
Buoyed by a combination of factors, including the country’s prime geographic location, sustained economic growth and the influx of foreign investment in recent years, Panama’s real estate market has seen unprecedented growth since 2006. Today it is a key component of Panama’s economy, amounting to $4.6bn or 12% of GDP in 2014. Though fast growth has led the cost of land to skyrocket, sometimes...