Key Business Snapshot: Panama
With almost 40% of all its trade taking place in North America, Panama has built a reputation of being incredibly business-friendly, making it almost a no-brainer for businesses looking to expand geographically across the region.
Panama had one of the strongest growth performance in Latin America and the Caribbean (LAC) before the COVID-19 crisis. It grew at 4.7 % on average from 2014 to 2019, while LAC grew at 0.9 %. Fast growth and prudent fiscal management allowed Panama to reach investment grade and access private financing markets at low cost. The World Bank forecasts a real GDP growth of 9.9% in 2021 and then a convergence to a potential growth rate at approximately 5%.
Its strong position in the food exporting business makes it incredibly easy for Panama companies to set up a structure and get their operations going. But where can the ex`porting opportunities be actually found?
That is when Powerlinx comes in. We make it incredibly easy for Panamanian firms to post an opportunity and let business happen for them!
If you need help registering, posting an opportunity, or simply want to reach out to us to find out more, let us know at [email protected]
Let’s make business happen.