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How Panama’s Economy is Outpacing China

Article Summary:

Panama ranks as the most advanced country in Latin America in the last two years. Showcasing a growth rate three times that of China, says the Economic Commission for Latin America and the Caribbean.

Photo Credit: Mides PA

Original Article Text From America Economia via Google Translate :

Panama grows three times more than China, according to ECLAC

Panama was the most advanced country in Latin America in the last two years. Besides its growth rate has been three times that of China, so at least he contemplates Economic Commission for Latin America and the Caribbean (ECLAC).

Specifically, has advanced 10.8% in 2011 and 10.5 % in the 2012, according to figures from ECLAC. In this advance entity compared with the average growth in Latin America, which for the present year will be around 3.1%, three times less than that of Panama.

In the Colombian newspaper El Tiempo has reported that the most interesting part of this phenomenon is that not a thing “of the moment”, but it is a trend that bears his years developing. Without going any further, the Union of Industrialists of Panama (SIP) has stressed that the Gross Domestic Product (GDP) of Panama has increased by 77.5 percent in the past seven years. And in GDP per capita, Panama is the fourth richest economy in our region, with $ 15,266 per capita: just outgrow Chile (18 354), Uruguay (15.840) and Mexico (15,300).

Though not the only thing that can be mentioned, because according to the World Bank, Panama’s economy has been one of the top 20 in the world have grown in the last five years, and in light of the Global Competitiveness Index, Panama and is the second most competitive country in Latin America, after Chile.

Link to Original Article:

From America Economia

Latin America Investment News on Viva Tropical