A pillar of the economy, the Panama Canal’s contribution to the national treasury exceeded $1bn in the 2014 fiscal year, while its direct contribution to GDP reached $2.7bn (6%). The canal saw 325.8m PC/UMS tonnes of cargo pass through the same year, an increase of 2% on 2013, driven primarily by the dry bulk segment, which grew by 20% year-on-year. The Panama Canal Authority estimates its...
All Countries and All Sectors
Displaying 15337 - 15342 of 28415
Panama’s sustained economic growth continued in 2014, with the economy expanding by 6.2%, according to the Ministry of Economy and Finance. The figure represented a slowdown from average annual GDP growth of 7.8% over the six years to the end of 2014 – including double-digit growth in 2011 and 2012 – and was partly due to the impact of a weaker global economy, the completion of major public...
Chapter | Country Profile from The Report: Panama 2015
Though one of Latin America’s fastest growing economies, Panama’s political situation stands in contrast to its economic performance. The past decade has seen sustained economic growth, while institutional development struggled to keep pace. Though more than two decades of peaceful democratic transfers of power have facilitated economic development, Panama is now faced with the challenge of...
Despite slower GDP growth of 6.2% in 2014, according to the Ministry of Economy and Finance, Panama remains one of Latin America’s fastest growing economies, a trend set to continue in coming years with the IMF forecasting average annual growth of around 6.5% over the next five years.
Articles & Analysis | Panama's palate-pleasing flavours from The Report: Panama 2015
Panamanian food reflects the country’s multi-layered history and its mix of identities. There is an ancestral Central American layer, which can be traced back to some of the country’s original indigenous peoples, such as the Ngobe, Buglé, Naso, Bokotá, Kuna, Emberá, Wounaan and Bri-Bri. Like the great Central American civilisations, these used locally grown staples for...
Articles & Analysis | Useful information for first-time travellers to Panama from The Report: Panama 2015
VISA REQUIREMENTS: Citizens of the US, Canada, the EU and some other countries are granted a 180-day visa on arrival with a valid passport. It is generally advisable to have an onward ticket and proof of solvency. Visitors planning to be in Panama for longer than 180 days can apply for an extension or for a visa in another category...