Enterprises such as CAT, Adidas, LG, Philips, Roche, Nestle, Maersk and John Hopkins Hospital have extended their activities in Panama



Panama has a very stable USD based economy with more than 90 national and multinational banks operating in the country.

Panama’s GDP is growing constantly in the last 6 years. Average growth of GDP between 2006 -2008 was 10.5%. During the global financial crisis in 2009 Panama became one of the few countries in the region that has reported an economic growth of 3.2%. In 2010 Panama GDP grew 7.5% and for 2011 The International Monetary Fund ( FMI) forecast for Panama a 6.7 % growth.

In June 2010, Moody’s Investors Service has upgraded Panama’s government bond ratings to Baa3. Panama is the only country in Central America to hold this rank.

Moody’s also upgraded Panama’s country ceilings for bonds to A2 from A3 and the deposit ceilings to Baa1 from Baa2.

Latin Business Chronicle has predicted that Panama will be the fastest growing economy in Latin America in the five-year period between the years 2010-2014. According to the Latin Business Chronicle, Panama has replaced Chile as the Latin American country with the best business climate.

The stability of the regime in Panama and its comfortable climate (no earthquakes, no hurricanes) reinforce the growing economy of Panama.