Panama Beach House

Panama Economy

PANAMA’S ECONOMY IS STABLE AND EXPANDING

The economy of Panama exhibits some of the fastest growth in Latin America these days, reports Reuters. From a 6.4 percent growth rate in 2006, it rose to 11.2 percent for 2007. Upswings in traffic on the famed Panama Canal, more construction starts, strong banks and increases in local tropical fruit export are some of the causes of this boom.