Panama is one of the most popular destinations for foreign investment in Latin America, thanks to a number of factors that have turned it into a strategic country for the development of trade and commerce, with an abundance of opportunities and a favorable natural environment for doing business. Panama has taken advantage of its excellent geographic location and excellent infrastructure to become a crossroads of world trade, based on the renovation of the Canal, the Tocumen International Airport and the Colón Free Zone, which is the most important free zone in the Americas.
Panama is one of the leading countries in Central America and the Caribbean. Panama has a stable political situation and excellent potential for socio-economic development. The Panama Canal shipping industry, regional financial center, Colon Free Trade Zone and tourism industry are the four pillars of Panama's economic development, and the service industry occupies a pivotal position in the socio-economy.In 2013, Panama's GDP improved by 8.4%, once again leading the economic development of Latin America, and continued for three years to turn into the fastest economic development of our country in Latin America and the Caribbean region.Panama's Key Economic Indicators for 2017: GNP: $40.177 billion, Average GNP: $9,871, Annual GNP growth rate: 5.4%, Inflation rate: 0.88%, Unemployment: 6%.
Besides the fast-growing banking business with the US dollar as the official web currency, Panama offers a lot of convenience for new business proposals. In addition to this, Panamanian laws and regulations incentivize the establishment of private investment firms with strong tax, financial, human capital and immigrant investment advantages over other countries in the region.
Panama has an affordable cost of livingIn Panama, you can live well for much less than in many other countries. As a couple in Chiriquí, you can move towards a comfortable life in Panama for $1,995 per month. However, you have to spend as much money as you want to find your own way of living well.
Panama has high quality healthcarePanama's healthcare is among the best in Latin America. The cost of health care is much lower than in North America and the quality of care is excellent. Panama City gives first class medical facilities, equipment and trained doctors in all areas of medicine. There are local outpatient clinics in the more remote areas and you will always find physicians on time from the hospitals in Panama City. The metropolis has first-class hospitals and leading specialists, and no matter where you are, you will basically always find an English-speaking doctor to bring you care.
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