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.
Other articles related to "economy of panama, panama, economy":
... Panama Economy Insight published in its blog www.panamaeconomyinsight.blogspot.com that Panama economy will grow by 9.2% in 2011, meanwhile INDESA, another consulting entrerprise, forecast only 5.9% ... PANAMA'S ECONOMIC GROWTH FORECAST, YEARS 2009-2014 (% change of real GDP) Forecaster 2014 ... Ministry of Economy and Finance Panama Economy Insight 9,2 13,0 11,0 4,9 Indesa 5,9 6,3 ...
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“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
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“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
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