Panama’s government is reporting that economic activity has increased 6.96% this past June in comparison to the same period last year. Panama’s economy still appears to be staying strong, despite the sinking dollar and turmoil hitting the markets in the United States and Europe. It will be particularly interesting to see if the trend continues [...]
Archive for the ‘panama economy’ Category
Panama’s Economic Activity Is Up Nearly 7% In June Versus Same Period Last Year
Posted in panama economy, tagged panama, panama economy, Panama Real Estate on August 27, 2024 | Leave a Comment »
IFC Considering $500 Million Loan To Support Canal Expansion
Posted in panama canal, panama economy, tagged IFC, panama, panama canal on August 21, 2024 | Leave a Comment »
The International Finance Corporation (IFC) is considering offering a $500 million loan to help Panama finance the current canal expansion. The project, which includes adding a third set of locks to the canal, has a current estimated price tag of over $5 billion. The expansion will allow larger ships to pass through the aging American [...]
Panama Building First Diamond Market In Latin America
Posted in Panama City, panama economy, tagged diamond bourse, Panama City on August 7, 2024 | Leave a Comment »
Panama is currently building the first diamond market in Latin America. The 50 story diamond bourse will include safes, a gemological institute, laboratories, polishing and cutting facilities, and a trading hall.The diamond market is expected to attract 300 traders, and will serve growing markets in Brazil, Chile, Mexico and Argentina. The $200 million project in [...]
Panama Has The Highest Foreign Direct Investment to GDP Ratio In Latin America
Posted in panama economy, tagged panama, panama economy, panama FDI, Panama Real Estate, panama real estate investment on August 4, 2024 | 1 Comment »
Panama has the highest rate of foreign direct investment as a percentage of GDP of any country in Latin America, says the Latin Business Chronicle. Panama’s $1.8 billion FDI contributes to 9.1 percent of the country’s nearly $20 billion GDP. Following Panama on the list were Chile, El Salvador and Costa Rica. Ecuador and Venezuela [...]
Demand For Gourmet Coffee Pushing Growers Into National Parks
Posted in boquete, panama economy, tagged geisha coffee, panama, shade grown coffee on July 24, 2024 | 3 Comments »
The demand for expensive gourmet coffee, as well as the high real estate prices in and around Boquete has forced some coffee growers in Chiriqui to encroach on protected park land. The ‘geisha’ coffee varietal, which is grown in the highlands near the border between Panama and Costa Rica, is considered to be the ‘champagne’ [...]
Panama Tops Analysts Prospects As Long Term Investment
Posted in panama economy, Panama Real Estate, tagged david stanley redfern, panama real estate investment on July 24, 2024 | Leave a Comment »
According to an article in Property Wire, analysts have named Panama one of the top long term real estate investment prospects in the world. UK based firm David Stanley Redfern listed Panama, along with Albania, as the two best long term investments, with Panama’s sustained growth being a major factor in the decision. “Growth is [...]
Copa Airlines Continues To Beef Up Fleet With New Orders For Boeing 737s
Posted in Panama City, panama economy, tagged Copa Airlines, Panama City, Tocumen International Airport on July 22, 2024 | Leave a Comment »
Copa Airlines, the national airline of Panama based out of Panama City’s Tocumen Airport, has announced an order for two additional new Boeing 737 aircraft, which will increase their current order to nine new jets. The expanding airline currently offers nonstop flights between Panama City and locations in the United States including Miami, New York, [...]
Louisiana Politicians And Business Owners Wooing Panama Canal Authority
Posted in panama economy, tagged New Orleans, panama canal, Tampa on July 16, 2024 | Leave a Comment »
A delegation of Louisiana politicians and business owners are visiting Panama, in hopes to gain support from the Panama Canal authority in opening broader shipping routes between the Panama Canal and the Gulf of Mexico. Members of the delegation include New Orleans mayor Ray Nagin as well as other politicians and business leaders from the city. New [...]
Panama Ambassador Visits US Tech Companies
Posted in panama economy, tagged halo room, panama, panama economy, technology outsourcing on July 11, 2024 | 1 Comment »
Panama’s ambassador, along with diplomats from 40 other countries, recently toured several high tech United States companies to learn about operating technology companies. According to a post in the Wall Street Journal’s Business Technology Blog, Ambassador Federico A. Humbert Arias was particularly impressed with HP’s “Halo Room;” a video conferencing system that uses 50 inch [...]
Weak US Dollar Puts Strain On Panama Economy
Posted in panama economy, Panama Real Estate, tagged boquete, panama balboa, panama economy on June 26, 2024 | 1 Comment »
For many US expatriates, one of the most appealing aspects of transitioning to life in Panama is the fact that Panama does not print their own currency (Panama does mint their own coins, yet they maintain the same dimensions and composition as the United States equivalents), having been on the United States dollar since the [...]
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