Panama's Strategic Position in Global Trade - Panama continues to solidify its role as a pivotal hub in international trade, leveraging its strategic location and the Panama Canal's critical function in global shipping routes. The canal facilitates approximately 5% of the world's maritime trade, underscoring Panama's sign... more

Panamá se convierte en Estado Asociado del Mercosu - El 6 de diciembre de 2024, Panamá formalizó su ingreso como Estado Asociado al Mercosur durante la 65ª Cumbre de Jefes de Estado del bloque en Montevideo, Uruguay. El presidente José Raúl Mulino y el canciller Javier Martínez Acha firmaron los acuerdos correspondientes, convir... more

Panama Economic Growth Amidst Global Challenges - Despite global economic fluctuations, Panama's economy demonstrated resilience with a 7.3% growth in GDP in 2023. Key sectors contributing to this growth include construction, transport and storage, wholesale and retail trade, utilities, business services, and hospitality. Thi... more

Panama ranks 9th in the Latin American Artificial - Panama ranks 9th out of 19 countries in the Latin American Artificial Intelligence Index (ILIA), led by Chile, Brazil, and Uruguay. Panama scored 37.45 out of 100 points but was recognized for its strong performance in open-source code development, surpassing countries like Ur... more

Panama grew by 7.3% in 2023 - According to Panama's Office of the Comptroller General, the country's Gross Domestic Product (GDP) grew by 7.3% in 2023, reaching US$78.8234 billion at constant 2018 prices—an increase of US$5.3741 billion from the previous year. Key sectors contributing to this growth inclu... more

Panama one of the countries with lowest inflation - The Federal Reserve indicated that more restrictive monetary policy is in the cards amid strong employment gains. In Europe, while inflation has fallen, it is still far above the 2% target. Across the Euro area inflation is estimated to have reached 8.5% in January. At the sa... more

Fitch Affirms Panama at 'BBB-'; Outlook Stable - Panama's ratings are supported by its high per capita income, a track record of strong macroeconomic performance featuring high growth rates, and relatively low inflation, supported by a strategic location and asset (the Panama Canal). This is counterbalanced by a relatively n... more

15% Growth Economy of Panama in 2021 - During 2021, the production of goods and services in the Panamanian economy, measured through GDP, presented an increase of 15.3%, compared to the previous year, according to the Comptroller General of the Republic of Panama.  The figure for the Panamanian Internal Product st... more

Panama focuses on Vaccine Tourism - Panama approved a plan on Wednesday to vaccinate visitors in a bid to boost a tourism industry badly hit by the coronavirus pandemic, becoming the first Central American nation to offer vaccine doses to tourists. Many of Panama's neighbours have struggled to vaccinate lar... more

IMF says Panama’s economy will grow by 12.5% - The International Monetary Fund (IMF) described Panama’s economic “outlook” as “optimistic” and forecasts a 12% growth for 2021, after a 17.9% drop due to the pandemic last year, the Panamanian government informed on Wednesday. more