Blog
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Panama leads regional economic growth, according to MEF
The Panamanian economy in 2022 recovered strongly according to the reports of the World Bank (WB), Economic Commission for Latin America, Caribbean (Cepal),and the International Monetary Fund (IMF).
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Panama’s economy grew 9.5% in the Third Quarter of 2022
The Quarterly Gross Domestic Product (GDP) of Panama registered an increase of $11,317.7 million or 9.5%, with respect to the similar period of the previous year.
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Real estate market shows a strong recovery
According to the General Directorate of Leases of the Ministry of Housing and Territorial Planning (MIVIOT), a total of 1,941 lease contracts have been processed in Panama from January to November 2022.
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Expo Inmobiliaria Acobir will be held in January 2023
The Panamanian Association of Real Estate Brokers and Promoters (Acobir), announced the Acobir Real Estate Expo from January 26 to 29, 2023, at the Panama Convention Center.
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Panama launches plan to build Caribbean Corridor
The construction of the Caribbean Corridor project will link the Panama-Colón highway with the Costa Arriba and it will cost approximately $91 million dollars.
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Panama among the economies with the highest growth projections for 2023
Despite the fact that the Economic Commission for Latin America and the Caribbean expects the economic slowdown experienced by Latin America and the Caribbean to increase in 2023, with growth of 1.4%, the growth projection for Panama’s for next year is currently at 4.2%, placing it as one of the highest in the region.
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Panama with the lowest inflation in Central America according to INEC
According to the National Institute of Statistics and Censuses (INEC) of the Comptroller General of Panama, the projection of economic growth is in a context of strong macroeconomic restrictions that are hitting the economies of the region, with inflationary pressures, a low dynamism of job creation, falls in investment and growing social demands.
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Tourism in Pedasí is revitalized after the reactivation of Air Panama flights
The Air Panama company announced its reactivation of direct flights between Panama City and the district of Pedasí, in the province of Los Santos, with a frequency of 3 weekly flights (Wednesday, Thursday and Sunday), which will boost tourism in that region.
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Panama forecasts 5% economic growth in 2022
The Panamanian government maintains conservative forecasts of economic growth of around 5% by 2022, according to the Minister of Economy and Finance (MEF).
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200 real estate projects will participate in Capac Expo Habitat 2022
The Panamanian Chamber of Construction (Capac) will celebrate the thirty-fifth version of Capac Expo Habitat, at the Panama Convention Center ( PCC), an event in which the participation of some 200 real estate projects is expected.
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