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Breakneck economic growth renders rapid transformation for Panama as business center

Thursday, May 5, 2011

Business is finding that tiny Panama has become much easier to locate on a world map.

With breakneck economic growth, a $5.25 billion expansion of its famous canal and a capital city skyline unlike any in Central America, Panama has made a quick transformation from a military-run backwater to an outstanding economic performer that is the envy of its regional peers.

Panama attracted $2.36 billion in foreign direct investment in 2010, continuing a trend that has had the seen the country of 3.4 million people average above $2 billion per year since 2006.

Original source: Latin Business Chronicle