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Life in Panama

Life in Panama
By: Jean Bouttet



The combination of incredible natural beauty, pleasant moderate climates as well as access to international markets and the quality and low cost of the labor force, make Panama an ideal place to live. You can drive from a modern, bustling urban environment to a rain forest teeming with animal and plant life in as little as an hour.

Stats:

Full country name: Republic of Panama
Area: 78,000 sq km (30,420 sq mi)
Population: 3 million (July 2005) (growth rate 1.3%)
Capital city: Panama City (pop 700,000)
People:
70% mestizo (mixed Amerindian and white)
14% Amerindian and mixed (West Indian)
10% White
6% Amerindian
Language:
Spanish
English
Indian languages
Religion:
85% Roman Catholic
10% Protestant
5% Islamic
Government: Constitutional republic
President: Martin Torrijos
GDP: US$8.8 billion
GDP per head: US$3200
Annual growth: 4.1%
Inflation: 1.1%
Exports: $5.699 billion f.o.b. (includes the Colon Free Zone) (2004 est.)
Exports - commodities: bananas, shrimp, sugar, coffee, clothing (1999)
Exports - partners: US 50.5%, Sweden 6.6%, Spain 5.1%, Netherlands 4.4%, Costa Rica 4.2% (2004)
Imports: $7.164 billion f.o.b. (includes the Colon Free Zone) (2004 est.)
Imports - commodities: capital goods, foodstuffs, consumer goods, chemicals
Imports - partners: US 33.3%, Netherlands Antilles 8.1%, Japan 6%, Costa Rica 5.7%, Mexico 4.6%, Colombia 4.2% (2004)

Panama's Economy

Three-fourths of Panama's GDP relies on an economy based primarily on well-developed services sector. Services include the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. Panama's economy has positive and sustained growth due to economic stability in the last few years, including an inflation level that is among the lowest in the world, and a per capita income that is among the highest in Latin America.

During the last 15 years, income from international tourism in the Republic of Panama has grown 1.5 times faster than the national GDP, and there is no indication that it will decrease. For the year 2005, tourism has contributed between 15% and 20% to the national economy. Panama has 1,398 tourist attractions of which 70%, are natural sites and 30% are cultural and historical sites.

For more information, please visit:
http://www.panamaexpertos.com

About The Author

Jean Bouttet is a researcher, with years of experience in finances and real estate.

For more information, please visit:
http://www.panamaexpertos.com

This article was posted on November 28, 2006

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Lacombe Travel Agents - Plan Your Next Trip

With vacations through Lacombe travel agents you can expect personalized service from owner managed offices. They employ highly trained and experienced travel agents in Lacombe Alberta. On offer are cruise and vacation specials with accurate and effective business travel plans. We are able to work with the latest in technology and our personal service and accountability make us a must see. For cruises most have a close partnership with Royal Caribbean, Holland America Cruise lines as well as Celebrity and Princess.
Cruises can be a first rate holiday. Whether you're leaving Lacombe, AB on a short or extended trip and it's business, pleasure, educational or mission travel they can help you off. Visit the Lacombe travel agency who takes care of your dream holidays.
Travel in style with the premier bus tours from Lacombe Alberta. All accommodate the seasoned and amateur traveler alike. Watch for travel and tour specials to hot spots like Las Vegas, Phoenix and California. They also offer day trips and excursions to West Edmonton Mall and other popular destinations.
Limos are available and they can offer the best in chauffeurs and limousines servicing Lacombe Alberta and surrounding Central Alberta. Call them for your weddings, graduations, airport trips, concerts, stags, birthdays and any other special occasion. Alberta Web Design

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Lacombe Tourism With vacations through Lacombe travel agents you can expect personalized service from owner managed offices. They employ highly trained and experienced travel agents in Lacombe Alberta. On offer are cruise and vacation specials with accurate and effective business travel plans. We are able to work with the latest in technology and our personal service and accountability make us a must see.