Living & Investing

Tocumen International Airport is getting ready to advance the gradual transfer process of three of the air operators with international services that will process passengers in the new Terminal 2 (T2).

The estimate of the Gross Domestic Product (GDP) in the first quarter of 2022 presented a growth of 13.6%, compared to the similar period of the previous year.

The renowned risk rating agency Fitch Ratings affirmed the long-term international issuer risk rating (IDR) of the state-owned National Bank of Panama (Banconal) at “BBB-“, with a Stable Outlook; as well as affirming the local Long-Term rating at “AAA (pan)”, with a Stable Outlook.

Tocumen International Airport received the distinction of “Best airport in Central America and the Caribbean”, according to the satisfaction survey carried out by the consulting firm Skytrax.

Saudi Arabia and Panama have discussed the bases of mutual interest with a view to reaching agreements for future exchanges and possible projects linking both nations.

anama has a resilient economy regardless of both local and foreign shocks and those that have occurred as a result of the pandemic, and now the exponential threats of interest rate hikes.

According to the Treasury General Account 2021 of the Ministry of Economy and Finance (MEF), the foreign Direct Investment (FDI) in Panama had a flow of $1,611.2 million in the third quarter of 2021, which represents an increase of 61%, that is, $610.8 million compared to the same period of the previous year.

According to Torino Economics, the subsidiary of Torino Capital Group Company, a well-known investment bank and stockbroker based in New York, Panama has experienced a significant economic expansion, with an average annual growth of 6% in the last 25 years, the largest and fastest in Latin America.

anamanian exports accumulated a value of $3,558 million in 2021, which is 52% higher than the same period in 2020, according to the Comptroller General of the Republic of Panama.

Panama has been one of the countries with the best projection of economic growth for 2022 according to multiple international organizations. between 5% and 8.2%. The is also shared by the official estimates of the National Institute of Statistics and Census (INEC) which estimates a growth between 7.5% and 8%.