After Chile, Panama is the fastest growing country in Latin America.
Panama is the second most competitive country in the region. Mainly due to its strong banking center and the Panama Canal, now being expanded.
Nowadyas the largest sources of income, besides the Panama Canal, are tourism, industry and service sector with very strong areas such as international trade and banking, in addition to all the services related to maritime activity headed by the Canal.
These services project cargo movement in the Pacific port of Balboa and the sale of fuel and other goods to vessels transiting the Seaway.
While projections suggest growth rates under the current circumstances, the outlook on economic matters is still very attractive for the country.