The pet care industry in Panama is growing, driven by increasing pet ownership, a rising middle class, and a growing awareness of animal health and wellness. 

The restaurant industry in Panama has experienced steady growth, driven by increasing urbanization, a growing middle class, and a thriving tourism sector.

Law 419, enacted on February 1, 2024, regulates importation, manufacturing, commercialization, and registration of medicines and medical devices in Panama.

Panama’s strategic position as a bridge between North and South America has fostered significant air travel and tourism exchanges with the United States. 

Panama’s growing car market, fueled by a rising middle class and high import reliance, offers U.S. aftermarket parts companies a strong opportunity.

Panama plans to improve Tocumen International Airport, aiming to modernize and improve the runway.

Former President Laurentino Cortizo launches country strategy for the development and promotion of microelectronics and semiconductor activities.  

Panama has been aggressively pursuing the rollout of 5G technology to improve its connectivity and spur economic development.

President Mulino presented this $8 million USD project as one of the big legacies of his government during his campaign.

Panama held presidential elections on May 5, 2024. The new administration has announced plans to develop several major projects during their 5-year term.

Panama has seen the growth of the telemedicine market in recent years. 

Tourism from Panama to the United States has been a significant and growing sector in recent years.

Learn about Panama’s high-quality coffee industry, especially the Geisha variety.

The new terminal at Tocumen International Airport allows for more connectivity and introduction to U.S. low-cost airlines between Panama and The United States.

Panama leads Latin America’s eCommerce activities and continues to grow.