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Panama’s economy is one of the most stable in the Americas. Among the main activities are financial, tourism and logistics services, which account for 75% of GDP.
The Panamanian economy is the thirteenth largest economy in Latin America in terms of nominal GDP20 (after Costa Rica and before Bolivia) and the tenth largest in terms of GDP at purchasing power parity (PPP) prices (after Guatemala and before Costa Rica).21 Panama has a per capita income of USD 11,849 in nominal terms and USD 20,512 PPP.222324.
Panama is the country with the highest economic growth in Latin America during the last 30 years.
THE DOLLAR AS A CURRENCY: This characteristic means that the investment lacks exchange risk, i.e. there is no possibility of loss for the investor due
to exchange rate fluctuations and the investment is maintained in the “hard” currency (dollar).
TERRITORIAL TAXATION: In Panama only those incomes generated territorially cause income tax, being a propitious place to establish international companies, which will generate “local income” and “foreign income”, not resulting in income tax on the latter item.
CONNECTIVITY: This goes far beyond geographic location, as infrastructure has been developed for decades around “anchor” elements such as the Panama Canal and Tocumen Airport.
INTERNATIONAL BANKING CENTER: Banking plays a fundamental role in the economic development of a country, the growth of businesses and the well-being of families. Thanks to the banking system, companies can borrow and invest.
INVESTMENT RATING: Panama is one of the countries with the best risk rating issued to Latin American countries by the three main international risk rating agencies.
PERMANENT ECONOMIC GROWTH: This characteristic makes the investor see possibilities of internal consumption in a structural way and from the business point of view, it means having a minimum buyers’ market, that is, “with reasonable security”.
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