Panama has leveraged its geostrategic position as the crossroads between the Americas throughout history, particularly over the past 15 years. Since 1999 – when the country finally gained control of the Panama Canal – economic progress has been all but unstoppable, with an average GDP growth of 6.8% from 2000 to 2012, according to data from the...
Already a recognisable symbol of prosperity along the Panama City skyline, office buildings continue to play a central role in the country’s real estate sector. Although demand has increased for office space, general trends indicate that rental prices remain relatively steady, contained largely by the many square metres slated to become...
The stable economic and political progress that followed the country’s return to democracy in 1989 has had a lasting impact on the development of the tourism sector. After planting the seeds of growth throughout the 1990s, the tourism sector has experienced rapid development in the first decade of the new millennium alongside broader economic...
Since the country took over administration of the Panama Canal in 1999, the canal has been an important source of revenue for the government, as Panama’s more business-like model has ensured a steadier stream of profits and revenues over the years. As a result, the government has increased tolls on several occasions and has worked to improve...
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...
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