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Panama's economy is fully dollarized, [15] [16] with the US dollar being legal tender in the country. Panama was the first foreign country to adopt the U.S. dollar as its legal currency (1903) after its secession from Colombia (with U.S. help) temporarily deprived it of a local currency. Panama is a high income economy with a history of low ...
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Panama is regarded as having a high-income economy. In 2019, Panama ranked 57th in the world in terms of the Human Development Index. In 2018, Panama was ranked the seventh-most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index. Panama was ranked 82nd in the Global Innovation Index in 2024
“The Panama Canal opened for business 110 years ago, and was built at HUGE cost to the United States in lives and treasure,” Trump claimed. ... due to its critical role to America’s Economy ...
Economic history of Panama (3 C, 5 P) I. Industry in Panama (4 C) Infrastructure in Panama (2 C) L. Labor in Panama (2 C) S. Science and technology in Panama (4 C, 2 P)
Real GDP growth averaged 3.5% a year between 1973 and 1979. In the early 1980s, the economy rebounded with GDP growth rates of 15.4% in 1980, 4.2% in 1981, and 5.6% in 1982. The acute recession in Latin America after 1982, however, wreaked havoc on Panama's economy. GDP growth in 1983 was a mere 0.4%, but -0.4% in 1984. [4]
(Reuters) -Panama President-elect Jose Raul Mulino on Thursday pulled business leaders and an economist into his ranks, the first cabinet selections in what Mulino has promised will be an ...
Cuba is not included in the list due to lack of economic data. Of the countries listed, some are not independent: Aruba is a constituent country of the Kingdom of the Netherlands, and Puerto Rico is a United States territory with special status and thus is measured separately from the U.S. by the World Economic Outlook.