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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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This section contains economy and business opportunities and from Panama.
Panama Economy Panamanian Economy, business opportunities in Panama.
Summary:
Sbse12023-758/Plan Design And Construction Of The Improvements Of The Taboga Pigonal
Country:
Panama
Estimated Cost:
PAB 2920425
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
24-0547****Theft Alarm Monitoring And Maintenance Service Is Requested, In The General Medical Directorate Of The Santo Tomás Hospital, Corresponding From January 2024 To December 2025.
Country:
Panama
Estimated Cost:
PAB 1320
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Hiring A Suitable Company For The Maintenance Service Of 10 Air Conditioners / 12,000 Btu Air Conditioning Installation Includes Supply Of Materials, Electrical Connection
Country:
Panama
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Transducer, Monitoring, Pvc, Infectious Container Accessories 30X40
Country:
Panama
Estimated Cost:
PAB 964000
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Request 1000982343.06.01 Laboratory Reagents
Country:
Panama
Estimated Cost:
PAB 1115999
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Supply Of 8 Boxes Of Tpta Thromboplastin For Sampling In The Laboratory Of The Roberto Ramirez De Diego Polyclinic
Country:
Panama
Estimated Cost:
PAB 168000
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Purchase Of Materials To Finish Construction Of 5 Classrooms
Country:
Panama
Estimated Cost:
PAB 3092444
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Supply Of 300 Dressings (Compresses) With Copper Particles Embedded In The Fiber Size 20Cmx20Cm Without Adhesive For The Treatment Of Patients At The Pol Cure Clinic. Rrdd.
Country:
Panama
Estimated Cost:
PAB 1500000
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Brain Coil System For Embolization Of Intracranial Aneurysm, 1000980590-08-31, Urgent, Call I
Country:
Panama
Estimated Cost:
PAB 2880000
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Lamotrigine 100Mg Chewable Tablet, Dispersable Tablet, V.O.
Country:
Panama
Estimated Cost:
PAB 210000
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
22 Apr 2024
 
 
 

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