Notes

the economy of Panama is is based mainly on the services sector, which accounts for nearly 80 percent of its GPD and for most of its foreign income. the services include the Panama canal, banking, commerce, the colon free trade zone, insurance, container ports, and flagship registry, medical and help tourism . although Panama is a wealthy nation, not everyone feels prosperity. Rural and indigenous people often lack access to education, health care and political efficacy. While this list may look grim, Panama has done so much to fight poverty. Although Panama has a high GPD per capita, the reality is that most of the income in the country is concentrated among the wealthy few. for an instance, in 2000, the nations per capita GPD was US 3,513 dollars. Panama's economic freedom score is 64.4, making its economy the 56th freest in the 2022 index. Panama is ranked 11th among 32 countries in the Americans region, and its overall is above the regional and world averages. the main cash crops produced in the country are bananas, corn, coffee and sugar. expansion of the Panama Canal has been a major source of the economic activity since the project has began in 2007.