Panama's Soaring Economy: Unlocking the Potential of Panama per capita gdp**
Panama, nestled in the heart of Central America, has emerged as an economic powerhouse, boasting an impressive panama per capita gdp that has consistently outpaced its regional counterparts. With a GDP per capita of $13,686 in 2022, Panama ranks among the top-performing economies in Latin America.
Year | panama per capita gdp (current USD) |
---|---|
2018 | $11,496 |
2019 | $12,561 |
2020 | $12,263 |
2021 | $13,244 |
2022 | $13,686 |
Source: World Bank
The country's robust economic growth is attributed to several factors, including its strategic geographical location, its dollarized economy, and its commitment to free trade. Panama's unique position as a global shipping hub, with the Panama Canal at its heart, has fueled its trade and logistics sectors, contributing significantly to its panama per capita gdp.
Sector | Contribution to GDP (2021) |
---|---|
Transportation and storage | 23.1% |
Construction | 11.5% |
Wholesale and retail trade | 10.8% |
Financial and insurance activities | 7.9% |
Public administration | 7.7% |
Source: IMF
Success Stories:
With its robust panama per capita gdp and promising economic outlook, Panama presents a compelling destination for businesses and investors alike. The country's strategic location, favorable tax policies, and commitment to economic growth offer a wealth of opportunities for those seeking to tap into its economic potential. Embrace the power of Panama's panama per capita gdp and unlock your business's success today!
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