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Taking into account the economic sector, Panama is probably a good conditional country in Latin America. During 2006 financial years -2007, had the highest GDP in all of Latin America. The economy of Panama is very moving for its geographical position. The blessings of the West and its single policy has supplied fuel the development of the country. The economy of Panama really depended on the tertiary sector, banking, trade and tourism. More over, the government 's the deal and construction projects supported by the United States have helped the state economy to obtain a high level. Economic development is basically came from the services sector. Because of the service sector well developed, 80% of GDP total comes from this place. The key elements of services sectors are channel of Panama, Banking, recording the flagship, the Free Trade Area of the two points, insurance, container ports, medical and health. At the side of the service sector there are tons of industries that contribute in GDP Some manufacturing industries are creating additional shares of aircraft, adhesives, automotive, cement, beverages, textiles. In a surprising sense the country is fabricating the creation handmade dell'artigianale aircraft Bush that are highly demanded by many entities. The economy of Panama shows that reflected a good development model of GDP The Panama is the third highest country in per capita in Central America and the index of poverty in the country is 16 percent. The unemployment rate was 7.2% during the year of 2004. One of big differences between the economy of Panama and the economy of other countries is the high levels of income per capita. Worldwide Development, Panama 's economy is marking itself with lots of strong places. On the one hand, the construction of the canal of Panama has made in the development faster. He started from the 1900s and work to the twentieth century in the Panama Canal has succeeded more than any other sector. In 1985 per capita gross domestic products has turned into twice the average in other countries of Central and South America. However, Venezuela and Argentina had more per capita on the economy of Panama. The economy of Panama had several point with their paper currency, the dollar of the United States. Although the balboa is the local currency in Panama, was mixed up with the U.S. dollar. The people of Panama can obtain only the currencies of balboa. The United States has determined the Panama 's money that came from the Federal Reserve system. So for the Republic of Panama was banned for printing and devalue the currency and that has made enjoy lower inflation. In 2002 the P.I.L. rated country was 11,691 million, 13,099 million in 2004, 14,004 million in 2005 and 15.141.9 million 2006. This report has been indicated by the statistics and census, Government of Panama. The development 2002 – 2006 was particularly strong in transport and communications sector and was an important innovation in the economy of Panama starting from 2002 to 2006. The calculation indicated that this area of communication and transport was the biggest contributor in the factor of GDP Although other areas of the country 'generators of GDP s have contributed more or less in the development of GDP in 2003-04 GDP Real has increased to 7.5%, 6.9% in 2004-05 and 8.1% in 2005-06.

Cassidy Williams

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