A small country located in the southernmost part of Central America, Panama (75,420 sq. km) has capitalized on its pivotal and privileged geographic location between two continents, North and South America and the Atlantic and Pacific Oceans. By exploiting its location, Panama has developed an unrivalled transportation and communication network that includes the famous Panama Canal, the two busiest ports in Latin America and the world's second largest free trade zone. The local economy is primarily composed of a highly competitive services industry (contributing to over 75% of the GDP) developed around its world renowned financial sector, as well as by transportation and commerce activities generated by the Panama Canal traffic and the Colon Free Zone.
For numerous years, Panama’s economy has been one of the fastest growing economies in the Latin American region. This can be attributed to its location at the heart of the rapidly growing Latin American market, which makes it a natural base for world business operations. Worth mentioning facts are that Panama is the country with the second highest level of technology in Latin America and the country with the greatest air connectivity in the region with roughly 70 routes in 31 countries. All of this has made Panama an exciting and fast-growing hub for trade, finance, business, shopping and tourism.