Panama\u00a0is emerging as the\u00a0second fastest-growing country\u00a0in\u00a0Latin America, surpassed only by\u00a0Argentina, and surpassing large economies such as Brazil, Chile,\u00a0Colombia\u00a0and\u00a0Mexico, according to the Economic Commission for Latin America and the Caribbean (ECLAC).\u00a0 With an\u00a0estimated growth of 4.2%\u00a0for this year,\u00a0Panama would be the\u00a0Central American\u00a0country\u00a0with the\u00a0highest growth, surpassing\u00a0Guatemala\u00a0and\u00a0Costa Rica, which would only achieve 3.6% and 3.5% respectively.\u00a0<\/p>\n
In\u00a0Latin America,\u00a0Argentina\u00a0leads the way in\u00a0economic growth with 5%, followed by\u00a0Panama\u00a0with 4.2%,\u00a0Paraguay\u00a0with 4%,\u00a0the Dominican Republic\u00a0with 3.7%, and\u00a0Guatemala\u00a0with 3.6%.\u00a0 According to\u00a0ECLAC ,\u00a0Ecuador\u00a0is\u00a0at the bottom of the regional\u00a0economic growth\u00a0chart with 1.5%,\u00a0Bolivia\u00a0with 1.5%,\u00a0 Mexico\u00a0with 0.3%, and\u00a0Cuba\u00a0and\u00a0Haiti, both with negative growth of (-1.5%) and (-2.3%).\u00a0<\/p>\n
In its analysis, the organization maintains that\u00a0Latin America\u2019s economic growth\u00a0for 2025 is projected between 2.2% and 2.3%, but it remains a period of low growth due to low investment, debt, and the fragility of internal and external factors such as weak external demand and protectionist policies.\u00a0 Panama\u2019s economy\u00a0grew\u00a05.2% in the first quarter of 2025, driven primarily by the performance of the\u00a0Panama Canal\u00a0and the transportation sector, according to figures from the\u00a0National Institute of Statistics and Census (INEC)\u00a0of the Comptroller General\u2019s Office.<\/p>\n
Regarding annual projections, the\u00a0Ministry of Economy and Finance (MEF) maintained a\u00a0growth\u00a0forecast\u00a0of 4% for 2025 at the end of May, while the business association projected 5%.\u00a0 The transportation sector\u00a0was the main driver, with an increase of 26.2%.\u00a0 The\u00a0Panama Canal\u00a0played a prominent role, showing a 43.6% increase in toll revenue.\u00a0 An increase in container movement at\u00a0ports\u00a0and the use of\u00a0public transport\u00a0was also observed.<\/p>\n
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