|
Home >
Our Business >
Resort Development >
About Panama Project >
An Overview of Panama and Chiriqui Province
|
 |
 |
- Panama lies in Central America between the Caribbean Sea and the North Pacific Ocean
- Seceded from Colombia in 1903
- Population: 3,191,319 (July 2006 est.)
- Government Type: Constitutional democracy
- Legal System: Based on Civil Law System
- Official language: Spanish; English is widely spoken and understood
- Currency: US Dollar
- Climate: tropical maritime with average daytime temperature of 25 degree Celsius; no hurricanes or major destructive earthquakes
- Politically stable with low crime rate
- Total visitor arrivals: 1,070,147 (2005)
- From 2002 to 2005, the number of visitors to Panama increased 34% to 1,000,000, in which 682,000 were tourists
- According to Tax-News.com of Washington, Panama has topped International Living’s Retirement Index for the sixth consecutive in 2006
- GDP (PPP) = USD$26,034 billion (2006 est.)
- GDP per capita: US$ 7,900 (2006 est.)
- A 100% Tax Haven: foreign business in tax-free
- The cost of living is lower than the US and much lower than Western Europe
- Stable Inflation rate
- Panama Canal Expansion
- Capacity expansion by US$5.3 billion
- The expansion will yield over US$1 billion in annual revenues in its first 11 years of operation
- The expansion will double the canal shipping capacity and permit passage to larger ships
- Number of jobs generated by the expansion project will amount to 35,000 - 40,000 (est.)
- A resort province located on the southwest extreme of Panama
- A world renowned surfing and fishing destination that gains significant international attention
- Easily accessible: weekly direct flights from US to David by the end of 2007; 45-minute travel time between Playa Grande and the Enrique Malek International Airport in David in March 2008
- Major attractions and entertainment facilities include:
- Protected rain forests
- Exotic wildlife
- Mountains
- Historical sites
- Beaches
- Coral reefs
- Deep-sea fishing
- Spanish-colonial architecture and thriving American cultures
- Volcanoes
|
| |
|
 |
