UGLOBAL IMMIGRATION MAGAZINE
104
“ Panama was recently
recognized for
surpassing world and
regional averages for
market freedom ”
stabilit y and business freedom. Panama recently
celebrated its two-year anniversary of the Panama Canal
expansion. According to Sea Trade Maritime News, the
expansion has resulted in several milestones, including
s e t t i n g a n e w m o n t h l y t o n n a g e r e c o r d o f 3 8 .1
million tons and transiting over 3,745 neopanamax vessels.
The forecast for 2019 is positive, with Panama’s annual
growth is expected to continue to rise by 5.6 percent. This
consistent economic growth and bustling city life make
Panama a desirable location for investment and living.
Panama’s continual prosperity seems inevitable.
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PANAMA AS AN INTERNATIONAL HUB
The country is a cross-cultural melting pot. When walking
through the business and banking district, Obarrio, or strolling
down Cinta Costera, it is common to overhear conversations
in various languages, including English and German. This
multinational fusion has long been part of Panama.
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Since its founding, Panama has always been a diverse nation.
The Spanish, French, Chinese and the U.S have continued to
show interest and invest in Panama. International influence
and local culture are a vibrant mix. Casco Viejo is a small
neighborhood in Panama City that evokes a European
coastal vibe. Historic apartment buildings line the brick
streets and the tree-lined squares provide a tranquil setting
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