Living & Investing

According to Torino Economics, the subsidiary of Torino Capital Group Company, a well-known investment bank and stockbroker based in New York, Panama has experienced a significant economic expansion, with an average annual growth of 6% in the last 25 years, the largest and fastest in Latin America.

anamanian exports accumulated a value of $3,558 million in 2021, which is 52% higher than the same period in 2020, according to the Comptroller General of the Republic of Panama.

Panama has been one of the countries with the best projection of economic growth for 2022 according to multiple international organizations. between 5% and 8.2%. The is also shared by the official estimates of the National Institute of Statistics and Census (INEC) which estimates a growth between 7.5% and 8%.

The World Bank (WB) forecasts that the Panamanian economy will grow 7.8% in 2022 and close 2021 with an increase of 9.9%, remaining within the group of countries that lead the economies of Latin America and the Caribbean.

months of 2021 according to the National Institute of Statistics and Census (INEC) of the Comptroller General of the Republic.

The pharmaceutical sector is focusing its efforts on the national distribution and manufacture of medicines through the promotion of the production of medicines in Panama.

Panama’s economy grew 10.0% compared to the same period of the previous year, reflecting the beginning of the recovery.

An estimated $ 141.6 million were generated during the national holidays celebration in Panama.

The Panama Metro reported that it has begun the construction of the first station of Line 3, which will link Panama with Panama Oeste, located in Ciudad del Futuro, in the district of Arraiján.

The Monthly Index of Economic Activity (IMAE) accumulated from January-June 2021 showed an increase of 4.85%, compared to the same period in 2020. This growth reflected that the economy is in a process of recovery, after the impact of the health emergency by COVID-19, according to a report from the National Institute of Statistics and […]