Economy of Panamá

principal Article: Panamá

The economy of the Panamá is, because of its geographical position, largely directed towards the services, the Banque S, the Tourisme and the Commerce. The service sector, including the Channel of Panamá, is responsible for 80% of sound Gross domestic product.

Until the end of the Eighties, the economy of the Panamá was based on the Agriculture, the light Industrie, the service sector and the outputs of the Canal of Panamá.

Agriculture occupies half of the surface of the country.

The principal exported agricultural produce is:

The production for the interior market is composed of:

The breeding develops quickly. The reserves of fishing (mainly Shrimp S) are important. Panama has great reserves of Acajou.

Principal industries are those of the transformation of food, of the clothes industry of clothing, paper and construction materials. Panamá also exports Pétrole refined.

The zone around the channel is the principal economic zone of Panamá. The channel generates incomes thanks to the taxes of transit.

Tourism and the benefit produced by the Panamanian Secret Bank, supplement the economic panorama of the country.

With the beginning of the year 1990, the government started a privatization process of companies with an aim of reducing the public expenditure.

Panamá is member of the Inter-American Banque of Development and its principal business partners are the the United States, the Japan, the Spain, the Costa Rica and the Germany.

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