Panama in Numbers: The Latest in Finance, Economy, and
Social Stability

When it comes to finance, nothing certifies what is being claimed better than numbers. Real numbers backed by government, economic, social, and global entities. An economy does not walk alone; it is autonomous and individual, but runs parallel to a global society.

A few days ago, the Presidency of the Republic of Panama published some very interesting data:

Panama recorded the lowest inflation rate in Central America in 2022 at 4.0%, according to the International Monetary Fund, being one of the least impacted countries in the region, due to economic reactivation strategies and inclusive consolidation with vulnerable populations.

Thanks to the efforts of the Government, productive sectors, and Panamanians, the country achieved extraordinary economic growth in 2021, a boom expected to continue in 2022.

“The World Bank estimates that Panama’s economy will grow by 6.5% this year, surpassing the 2.3% average projected for Latin America, making our country the fastest-growing in the region,” confirmed the President. Read more here.

He highlighted the hosting of the Bloomberg New Economy Gateway forum in Panama.“We are the first country outside Asia to host this important global event,” he emphasized. The president reiterated that his administration remains open to continuing to work on projects, programs, and initiatives focused on generating employment and creating opportunities for all.

 

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And the pandemic?

The spread of COVID-19 slowed down in 2021 due to vaccination efforts, with 73% of the population at least partially vaccinated. The Omicron variant triggered a new peak, but new cases dropped by 85% by mid-February compared to the end of January. Panama's GDP has recovered from the COVID-19 crisis, with 2021 growth of 15.3%, according to World Bank figures for Panama.

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