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Economy of Panama and business opportunities

Economy of Panama

The economy of Panama is a fully dollarized free market economy with a history of low inflation. It is based mainly on the services industry, heavily weighted toward banking, commerce, and tourism. The hand-over of the canal and military installations by the US has given rise to new construction projects.

Panama's economy is based primarily on a well-developed services sector that accounts for nearly 80% of its GDP. Services include the Panama Canal, banking, the Colón Free Trade Zone, insurance, container ports, and flagship registry, medical and health, and other business. The country's industry includes, manufacturing of aircraft spare parts, cements, drinks, adhesives, and textiles. Also the leading exports for Panama are bananas, shrimp, sugar, coffee, and clothing.

Sectors

Financial services

Panama is in the unusual position of having a substantial financial services sector despite being a dollarized economy that has no central bank to act as a lender of last resort to rescue banks that get in trouble. As a result, Panamanian banks are very conservatively run, with an average capital adequacy ratio of 15.6% in 2012, nearly double the legal minimum. The sector grew up providing trade finance for trade passing through the Canal, and later evolved into money laundering for the drug trade under Noriega.

Agriculture

Major agricultural products include bananas, cocoa beans, coffee, coconuts, timber,beef, chickens, shrimp, corn, potatoes, rice, soybeans, and sugar cane. In 2009 agriculture and fisheries made up 7.4% of Panama's GDP.

Panama is a net food importer and the U.S. is its main supplier. Agriculture employs a large number of Panamanians (in relation to agriculture's percentage of Panamanian GDP) because many farmers are engaged in subsistence farming.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Panama"

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Panama Economy Panamanian Economy, business opportunities in Panama.
Summary:
Gasa 2” x 2” NON-STERILE WITH COTTON FILLING.
Country:
Panama
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Single Gauge 3" X 3" X 12, Sterile
Country:
Panama
Estimated Cost:
PAB 360000
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Hygroscopic Temporary Cement For Endodontics Cement Sealing For Endodontics Root Canals. Gutta-Percha Points Caliber 45 To 80, 28 Mm Gutta-Percha Points Caliber 15 To 40, 28 Mm
Country:
Panama
Estimated Cost:
PAB 31885
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Triage Short Breathing.Ctni:61645 Req. 1000974897-08-106) Submit Proposal In A Sealed Envelope
Country:
Panama
Estimated Cost:
PAB 813656
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Clonazepam 2Mg, Tablet V.O.
Country:
Panama
Estimated Cost:
PAB 1490400
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Mixed Heat Sealable Bags, 150X300Mm. See Attached Form.
Country:
Panama
Estimated Cost:
PAB 160000
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Stainless Steel Electrode.
Country:
Panama
Estimated Cost:
PAB 112320
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Photopolymerizable Nanoparticle Resin, For Subsequent Block Restorations. C.T.N.I.105924
Country:
Panama
Estimated Cost:
PAB 277500
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Benzocaina 20% Gel
Country:
Panama
Estimated Cost:
PAB 57000
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Cefalexin 250 Mg/ 5 Ml Ii Call
Country:
Panama
Estimated Cost:
PAB 49140
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024