The president of the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP), Juan Arias, stressed that the country will close 2024 with economic growth of close to 2.5%.

Despite the fact that this percentage reflects a moderate trend, Arias pointed out that, compared to the region, Panama remains within the median growth, which is not negative, although more is always expected.

Arias emphasized that the outlook for 2025 is promising, with a growth forecast of 5%, which, although below the country’s maximum potential of 5.5%, remains a positive figure if the regional context is considered. “The 5% we are projecting for next year is not bad, compared to our neighbors, it is very good,” he said.

He also highlighted the dynamism maintained by the Panamanian economy in key sectors such as construction, logistics and financial services, which continue to be fundamental to the country’s growth.

However, he pointed out that, as Panamanians, we always aspire to higher growth figures, reflecting the ambition to continuously improve the economic conditions of the country.

With this optimistic forecast, Panama continues its post-pandemic recovery process and positions itself as an economy with high growth potential in the region, although with challenges that must still be faced to reach its maximum potential.