Panama Economic information

Panama is a country located in Central America. Here is Panama's economic information: - Panama is one of the countries with the strongest economy in Central America. It is considered one of the largest and most developed financial centers in the region. - Panama's gross domestic product (GDP) was recorded as 66.5 billion dollars in 2020. This is a key indicator of the economic size of the country. - Panama's economy is based on the service sector. It is experiencing great growth, especially in areas such as finance, tourism, logistics and free zones. - The Panama Canal is one of the country's most important economic resources. This canal is considered one of the world's important maritime trade routes and provides significant income to Panama. - Tourism is also a sector that contributes to Panama's economy. The country attracts tourists with its tropical forests, white sandy beaches, historical sites and cultural diversity. - Panama is also known for the existence of free zones. These zones are specifically designed to facilitate international trade and offer tax advantages to foreign investors. - Panama's currency is the US dollar. This shows that the country has adopted the dollarization policy. - Panama's unemployment rate was recorded at approximately

6.7% in 2020. This rate is considered a low unemployment rate in Central America. - Panama's largest trading partners include the United States, China, Colombia and Costa Rica. The trade volume, especially with the United States, is quite high. - Panama has taken important steps towards economic growth and stability in recent years. However, there are still some difficulties in the economy, especially studies on issues such as income inequality and poverty are ongoing.