About Panama
WHY
PANAMA?
- Its geographical location makes it the perfect distribution HUB for cargo throughout the region.
- The Panama Canal connects more than 150 routes, connecting 160 countries and reaching some 1,700 ports in the world.
- Five modern ports and one more under construction all within 80 kilometers. Connected by modern rail and road. The only port in the world with access to two oceans.
- Panama´s International Airport connects with 83 destinations through 17 airlines connecting with the principal cities in Europe and the Americas, which make it a perfect cargo and passenger HUB. According to UNCTAD Panama is the country with the greatest connectivity in the Americas.
- The largest free zone in the hemisphere.
- The dollar is the local currency and the Banking Center manages all world currencies.
BUSINESS GROWTH
Our executives can reach any major city in the Continent in 7 hours or less using Panama’s Copa Airlines.
Since 1904 Panama has used the US Dollar as its only currency. Investment Grade: Standard & Poor`s BBB, Moody´s Baa2, Fitch`s BBB- (Despite the effects of the COVID 19 Pandemic).
The Banking System is known to be solid and conservative, and was able to avoid the impact of the 2008 Financial Crisis.
Panama was able to grow 15.3% in 2022, and is expected to grow at 5.7 in 2023, and 5.8 in 2024 (according to the World Bank).
QUALITY OF LIFE
Panama is a culturally diverse country, with major communities of immigrants from China, Spain, Canada, Germany, Colombia, Venezuela, Nicaragua, Israel, and Lebanon, as well as many other countries.
According to the Gallup Healthways Well-being Index of 2013 and in 2014 Panama was ranked as the Country with the happiest people.
Unemployment rate has been brought down after the COVID 19 Pandemic to an expected 6.9% in 2023.
Panama leads Central America in Quality of Life ranking and is number 5 in Latin America.
LOGISTICS
The Panama Canal, the single most important entity in global maritime shipping.
Free Trade Zones for in bond warehousing and re-export. The largest and most important of which is the Colon Free Zone, where Motta Internacional has its Headquarters.
An International Airport (IATA: PTY) .
Freeways and Railroads join the Pacific Ocean and the Caribbean: northbound. Panama to Central America: westbound.