INSUBCONTINENT EXCLUSIVE:
(INEC).This impressive growth significantly outpaces the 0.37% reported for the same period last year
The Monthly Index of Economic Activity (IMAE) accumulated a 6.63% increase during the first quarter of 2025 compared to the same period in
2024.Transportation, storage, and communications emerged as key growth drivers
The Panama Canal toll revenues, containerized cargo movement, and air transport all contributed positively to this economic surge.Commercial
activity also showed strength through both retail and wholesale sectors, boosted by new car registrations and fuel sales.The International
with 7.88% Growth as Business Sectors Thrive
The $10 billion Cobre Panama copper mine has sat idle since November 2023 following a Supreme Court ruling that declared the mining
Meanwhile, the Panama Canal expects revenues to exceed $5 billion this year as it recovers from drought conditions.The canal handles about
The Colon Free Zone continues to bolster the economy with over 2,000 companies generating annual trade exceeding $33 billion.This zone
creates more than 20,000 jobs and serves as a vital trade hub for pharmaceuticals, electronics, and textiles
Panama also recently enacted comprehensive reforms to its Social Security Fund through Law 462.The reforms aim to improve efficiency and
