Market Research In Panama

Panama Profile:

  • Panama officially called the Republic of Panama is a country in Central America. And is a country of demographic and economic contrasts.
  • Covering around 40% of its land area, Panama’s jungles are home to an abundance of tropical plants and animals.
  • In 2015 Panama ranked 60th in the world in terms of the Human Development Index. Since 2010, Panama has been the 2nd most competitive economy in Latin America, according to the World Economic Forum’s Global Competitiveness Index.
  • Commerce, banking, and tourism are major and growing sectors in Panama.
  • The expansion project on the Panama Canal and the free trade agreement with the United States are expected to boost and extend economic expansion for some time.

Panama Economy:

  • Panama has one of the fastest growing economies in Latin America and dedicates substantial funding to social programs, yet poverty and inequality remain prevalent.
  • Panama’s transportation and logistics services sectors, along with infrastructure development projects, have boosted economic growth
  • The government’s large expenditures on untargeted, indirect subsidies for water, electricity, and fuel have been ineffective, but its conditional cash transfer program has shown some promise in helping to decrease extreme poverty among the indigenous population.
  • Strong economic performance has not translated into broadly shared prosperity, as Panama has the second worst income distribution in Latin America.
  • About one-fourth of the population lives in poverty; however, from 2006 to 2012 poverty was reduced by 10% points.

Panama Facts:

  • Population: 3.8 million
  • Capital: Panama City
  • Largest city: Panama City
  • Area: 75,420 sq km
  • Major language: Spanish (official), indigenous languages
  • Major religion: Roman Catholic 85%, Protestant 15%
  • Life expectancy: 76 years (Male), 81.7 years (Female)
  • Monetary unit: 1 Balboa (Ba, PAB) = 100 Centésimos
  • Main exports: Fruit and nuts, fish, iron and steel waste, wood
  • GNI per Capita: $81.7 years

Our Market Research Services in Panama:

We Employ A Wide Range of Research Techniques in Panama:

How Can We Help You?

Contact us at Global Vox Populi and submit a business inquiry online.

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