Among the economies of Latin America, Panama ranks as the third with the lowest risk, according to the country risk ranking of Latin American economies carried out by the multinational investment bank and US financial holding company JP Morgan Chase, with data up to March 2022.
The country is above Mexico, Colombia and Brazil, and is only surpassed by Chile and Uruguay. Among the economies with the greatest risks are Argentina and El Salvador.
“Panama is one of the Latin American countries with the lowest country risk, becoming one of the best to invest in the region, according to a report by the multinational investment bank and US financial holding company,” wrote the Presidency of Panama in its twitter account.
According to data from the Comptroller General of the Republic, in the first two months of 2022, Panamanian goods exports reached $468 million, with non-mineral products achieving the highest growth with a total of $116 million and a positive percentage value of 23 %, compared to the same period in 2021.
The industrial sector represented 39% of these exports, reaching the figure of $46 million (+21%), followed by the agricultural sector with 34% and an amount of $39 million (+24%). On the other hand, seafood obtained 14% of exports with $16 million (+14%) and the agribusiness sector 13% with $15 million (+13%).
Recently, the semi-annual report of the World Bank (WB) for Latin America and the Caribbean positioned Panama as the leader of economic growth in the region with 6.5% for 2022 and 5% for 2023 and 2024.
