Panama’s Economic Amazing Growth
International banking services (there are 139 banks in Panama!) and re?exportations from the Colon Free Zone are Panama’s major exports and its economy is mainly service based. Because it is home to the Panama Canal, and its proximity to both South and North America Panama has become a shipping, banking, and communications hub that the world depends on. International shipping has been paramount to Panama’s economy for almost a hundred years.
Naturally, many people from around the world participate in this industry and because of this Panama is a melting pot of religion, culture, and people of all races. Panamanians and their government are very friendly and welcoming towards foreigners and consider the visit to their country a complement. Due to Panama’s development to cater to these industries and their employees, Panama has many first world amenities. Cable TV, widespread cell phone coverage, high?speed internet, and hospitals with American trained doctors are standard in Panama’s major cities. Conveniently, Local and worldwide calls can be made instantly, and at very affordable rates. In addition to these first world amenities tourists and residents enjoy the second largest Free Trade Zone in the world, the largest retail mall in Latin America, and the largest kosher supermarket in the entire world.
