MultiEducator · Nation by Nation
HistoryCentral Est. 1996
Flag of Panama
flag — Panama
Nation by Nation

Panama

Economy

$86.5 billion
GDP
World Bank · 2024
$19,161
GDP / Capita
World Bank · 2024
+2.7%
GDP Growth
World Bank · 2024
8.5%
Unemployment
World Bank · 2024

Panama has one of the fastest-growing and highest-income economies in Latin America, a services-driven economy anchored by the Panama Canal, a global logistics and banking hub.

The canal, a free-trade zone, and a dollarized financial sector make Panama a crossroads of world trade, though inequality between the booming capital and the rural interior remains stark.

Key Sectors

Key sectors include the Panama Canal and its related logistics and shipping, banking and financial services, the Colon Free Zone (a major re-export hub), copper mining, and tourism.

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