Panama has the best infrastructure in Central America and the Government continues to invest ahead of demand- electricity, roads, and ports- allowing second homeowner’s easy access to a high-end vacation home that costs a fraction of similar properties in North America.
Panama has the second largest economy in Central America and it is also the fastest growing economy and the largest per capita consumer in Central America. In 2013, Panama ranked 5th among Latin American countries in terms of the Human Development Index, and 59th in the world. Since 2010, Panama remains as the second most competitive economy in Latin America according to the Global Competitiveness Index from the World Economic Forum.
Revenue from canal tolls continues to represent a significant portion of Panama’s GDP. The Panama Canal expansion project (also called the Third Set of Locks Project) is intended to double the capacity of the Panama Canal by 2015 by creating a new lane of traffic and allowing more and larger ships to transit. Together, the existing and new locks will approximately double the capacity of the present canal.
Get in touch with one of our sales consultants here.