Public investment will be one of the growth engines of this 2013. Large projects such as the construction of the Metro and the expansion of the Panama Canal will reach a peak, their culminations way planned for 2014 and 2015.
Panama in 2013 will be one of the fastest growing economies in Latin America and in the world, according to projections by agencies like the International Monetary Fund and the Economic Commission for Latin America and the Caribbean (ECLAC). Gross domestic product will continue to rise after 2012 in which growth amounted to 11%.
According to ECLAC, in 2013 only outdo Paraguay Panama with a faster pace. This is because the South American country will come from a severe economic downturn in 2012.
According to the Global Competitiveness Index of the World Economic Forum, the Panamanian port system quality is ranked fourth in the world and its airport infrastructure, the sixth.
Among the burdens of the economy mentioned the high indebtedness and institutional weaknesses.