Analysis of the Economy of Panama

The nation of crewmans providence has flourished and grown superior to Latin the States, as well as the homo as a whole. Panama is an emerging powerhouse in Latin the States due to their quality revenue enhancement streams from the services sector. Panama has consistently grown for the past 15 years and has plans in rump for that to continue. During the Citi presentation, Manuel Abascal claimed Panamas real gross domestic product harvest-festival was 10.7% in 2013 compared to Latin America and the world growing by, 3.3% and 3.2% respectively (Abascal). Panama excessively has had big higher real GDP percentage increase than both(prenominal) of these comparable statistics since 2007 (Abascal). The next major positive statistic is their shrinking debt. The Panamanian government had adopted a highly disciplined debt reign mandate, resulting in decreasing its exoteric debt from 70.4% in 2004 to 39.6% in 2012 (Abascal). They also boast near copious employment levels, with a footling 4% unemployment (Abascal). Viewing these threesome core facts could easily elicit Panama is undergoing an economic boom, which is oddly unique, because a majority of the world is recovering from the global fiscal collapse. Panama also withstood the prostitute from the collapse better than to the highest degree other countries, seeing their proceeds decrease as expected, tho keeping unemployment increase low.\nThe skepticism is, why Panama? Panama possesses a distinct agonistic advantage that has been building up and may be fold to achieving its maximized potential in the twenty-first century. The solitary key is its get geography. Panama is a springy member of the earths natural pair between the two American continents but, that could be said to the highest degree a handful of Latin American countries. On terrific 15, 1914 the Panama Canal was accomplished and connected the Atlantic oceanic to the Pacific Ocean. It brought the East and atomic number 74 together. It was a major stepping pock to the 20th century growth of the global economy and was the line of descent of Pan...