When you’re researching countries to relocate to, put Panama at the top of the list! Panama’s future is very optimistic.
For such a tiny country, Panama continues to amaze the world with its accomplishments. Here are just a few:
→ Panama has taken a giant leap forward in protecting its Oceans.
→ Panama is one of the three carbon-negative countries in the world.
→ Panama exceeds world average of vaccination against Covid-19.
→ Panama: A Hub on Energy Transitions.
→ Panama Strengthens Bilateral Relations with EU and Belgium.
→ CAF strengthens its relationship with Panama to promote sustainable development.
→ Panama has a new Convention Centre.
→ Panama’s Geisha has scored the highest at the international coffee tasting.
→ Panama Canal: 107 Years Connecting the World!
READ THIS 11-PAGE NEWSLETTER by the Panama Ambassador to Belgium, Yavel Francis Lanuza, to get more details about each topic.
Did you know that Panama has the second largest free trade zone in the world? Hong Kong has the largest.
Despite the pandemic, Panama’s economy is making a fast comeback. The IMF (International Monetary Fund) projects a 5%-7% GDP for 2022. That’s the highest in Latin America!
Inflation is about 2% in Panama per the IMF report. The lowest in Latin America! Update, as of July 2022, inflation is at 4.2%, which is still very low compared to other countries.
From the IMF report, “Panama owes its impressive growth performance over the past three decades to increased investment that led to rapid capital accumulation. The prolonged investment boom has been underpinned by Panama’s geographic location, trade openness (Panama’s Colón Free Zone is the second largest in the world after Hong Kong SAR), world-class ports and airport, logistics operations, and financial system depth – all of which have benefited from globalization. Panama has expanded and diversified its productive capacity by constructing one of the world’s largest copper mines and doubling the Panama Canal’s capacity to accommodate the much wider Neopanamax container ships. Panama’s strong macroeconomic policies and performance were supported actively by the IMF for a decade through uninterrupted financial arrangements.”
Because of Panama’s impressive growth, wages are higher in Panama than in other Latin American countries. According to the World Bank, the average wage is $26,000. Of course, some people make a lot less and some people make a lot more. The middle class is growing fast in Panama.
The best way to know if Panama is right for you is to come for a visit.
Join us for an all-inclusive 6-day 7-night Panama Relocation Tour to see the most popular places to live, meet experts and expats, and learn all the things you need to know to have a smooth move to Panama.
Or enjoy a Private Tour of the area(s) you are most interested in moving to. Private Tours starts at only $250 a day for up to two people. A Private Tour only has you/your family and the tour guide.
See this review posted on TripAdvisor for Panama Relocation Tours
All you need to make an informed decision!
“My wife and I took this tour in November 2021 with Ellen and Steve. Did we get what we needed? I can tell you that our hosts did a fantastic job of giving us the information we needed to make an informed decision on where to retire. The tour was entertaining, relaxing, and enjoyable, but most importantly brimming with information grounded in real world experience, real stories of success AND failures, and a plethora of sound advice. By the end of the tour, you will know if Panamá is for you. A sound investment in either case – seeing the country with the shiny veneer removed is exactly what you need to make that decision one way or the other, and better to reach a No decision quickly than find out you don’t like it 2 years post-move. For my family… well, I’m writing this review 4 months after we finished our tour, and writing it from Panamá.”