Panama Becomes The Latin-American Regional Headquarters For Multinationals.

Introduction

Panama ranks number 10 on economic freedom, from a list of 29 Latin-American economies evaluated, and this score slightly surpasses the regional. Its economy is 65.9% free and occupies position 47 of 157 countries on the world liberty level. This is according to the Economic Liberty Index for 2007, a report that is prepared jointly by The Heritage Foundation and The Wall Street Journal.

The world is becoming increasingly aware of the business opportunities in Panama and investments are rising as the potential is appreciated. Panama has always stood apart from Central and South America, with its dollar based economy and stable political situation, sustained by its Canal, Colon Free Trade Zone, and the international financial center. The economic growth for 2007 will be of 7% in comparison to the internal product of 8.1%, recorded for the first 11 months of 2006.