Panama remains as the 2nd most competitive economy in Latin America

Panama rises 4 positions in the Global Competitiveness index. This reflects the coordinated efforts of government and private sector support.

"Panama, for the second consecutive year, depicts the strongest competitive position in Central America and is the only country in the isthmus that manages to improve its performance, entering the top 50 at 49th position. The country has remained relatively stable in most competitiveness drivers. Overall, it benefits from important strengths in its efficient financial market (16th), solid transport infrastructures (39th), and very good technological adoption (12th), especially through FDI, where it is ranked 4th. In dynamic terms, it is important to highlight the progress the country has made in the quality of its port and air transport infrastructure (5th and 15th, respectively) and its fostering of stronger domestic competition (43rd)."

- Country Highlights of The Global Competitiveness Report 2011-2012 © 2011 World Economic Forum

Download The Global Competitiveness Report 2011-2012, click here.