| Panama has a strategic location in
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| | drinks, adhesives and textiles among many
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| Central America. It relies in the isthmus
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| | other products.
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| which means that is borders the North and
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| | Panama has coped up its economy due to
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| South part of America. It has diverse
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| | the fact that the population of Panama
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| opportunities for economic development as
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| | has contributed its government reforms.
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| it serves international trade, commerce
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| | At this time, the economy of Panama has
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| and shipping. However, its economy is
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| | been more open and accessible to foreign
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| mainly into service industry which
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| | investments. The increase in foreign
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| comprises 80% percent of the Gross
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| | investment which contributed growth to
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| Domestic Products. The economy of Panama
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| | economy of Panama paved way for more
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| in the service industries includes
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| | development in Panama as seen in the
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| finance, health, insurance,
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| | recent years. The result is steady
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| telecommunications, transportation,
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| | economic growth. One of the targets of
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| banking, maritime service and Canal,
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| | Panama foreign investment is the real
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| logistics due the Colon Free Zone and the
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| | estate that draws investors from America,
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| strategic ports, tourism and general
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| | Asia, and Europe. As soon as the real
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| commerce.
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| | estate boom started in Panama, the prices
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| The economy of Panama has been
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| | of Panama properties and the value had
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| successfully progressing the recent
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| | increased up. However, the demands
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| years. It is more into banking, commerce,
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| | continued to rise and more property
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| trade, and tourism. Its economic
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| | constructions and project developments
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| activities are focused on the Panama
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| | are build in different provinces and
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| Canal where international trade passes
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| | neighborhoods in Panama. As the economy
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| through it. The canal turnover from the
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| | of Panama continued to progress, starting
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| US administration and the US military
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| | the expansion of the Panama canal. When
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| bases was one of the pioneers of the rise
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| | this project is culminated, more
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| of new projects in Panama and the
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| | investments are expected in Panama.
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| start-up of economic development.
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| | Growth in GDP has been remarkable in the
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| Currently the Panama Canal is under the
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| | last year compared to past years. So far,
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| Panamanian government administration
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| | Panama becomes the third largest GDP per
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| developing a high quality standard being
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| | capita among other countries in Central
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| one of the most transit canals in the
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| | America. The growth in GDP was mostly on
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| maritime industry, the government of
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| | the sectors of transportation and
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| Panama has improved several public
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| | telecommunications. GDP as of 2006 was 15
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| programs, reforms on taxes, and trade
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| | dollars billion and the annual growth
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| agreement domestically and
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| | from 2005 was 8 percent. The per capita
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| internationally that contributed to
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| | of GDP in 2006 was four thousand dollars.
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| another phase of growth. Aside from the
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| | In conclusion, the road to the progress
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| service industries that has great
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| | of the economy of Panama has not been
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| contribution to economy of Panama, Panama
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| | easy. Just like other countries that pass
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| is also into agricultural and industry
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| | several stages of economic development,
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| but comprises only a small percentage of
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| | Panama has not been exempted. The
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| the GDP. Agriculture focuses on banana,
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| | combination of the industriousness of its
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| watermelon, sugar, corn, timber, coffee,
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| | population and the government programs
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| livestock, vegetables and tuna exports
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| | had made it possible for Panama to rise
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| while industry comprise aircraft
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| | above economic difficulties.
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| manufacturing, cements, automobiles,
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