Economy of Panama
The economy of Panama is based mainly on the tourism and services sector, which accounts for nearly 80% of its GDP and accounts for most of its foreign income. Services include banking, commerce, insurance, container ports, and flagship registry, medical and health and tourism. Historically, the Panama Canal (and the nearby Colón Free Trade Zone) was the key source of Panama's income, but its importance has been displaced by the services sector. As of 2025 Panama had a GDP of 90.41 billion USD. This equated to 19,800 USD per capita. In 2025, Panama also had an unemployment rate of 8%. Panama has a gross national debt of 59.6% of GDP. In 2024, Panama exported 37.37 billion USD worth of exports, an increase from 35.71 billion USD in 2022. The country's industry includes the manufacturing of aircraft spare parts, cement and ceramics, drinks, adhesives, and textiles. Additionally, exports from Panama include bananas, shrimp, sugar, coffee, and clothing. Panama's economy is fully dollarized...
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