Panama’s Economy Is Gaining Strength Fast
Panama just reached a major milestone. In the first three months of 2025, the country exported goods worth $249.1 million — the highest amount ever for a first quarter. This shows the economy is growing strongly under President José Raúl Mulino’s leadership.
That number is a big jump — 33% more than the $188 million exported in early 2024.
Which Industries Are Driving the Growth?
The biggest winners in exports were:
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Agroindustry: Up 45%, from $26 million to $38.2 million.
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Agriculture: Up 33%, growing from $54 million to $71.8 million.
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Fishing: Increased 41%, reaching $55.5 million.
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Manufacturing: Rose 23%, now totaling $83.5 million.
Panama is exporting more fresh products, seafood, and industrial goods than ever before. The top buyers include the Netherlands ($35.4 million), Taiwan ($33 million), and the United States ($31.9 million).
What’s Fueling This Momentum?
According to Minister of Commerce Julio Moltó, when special trade zones are included, total exports from January to April hit nearly $324 million. These trade zones, like Panama’s free zones, have already created over 3,000 jobs — with more on the way.
Additionally, 25 new companies have opened in these zones since mid-2024, bringing in $181.6 million in investment and generating thousands of new jobs.
Another rising star in Panama’s economy is film. Sixteen international film productions are scheduled to shoot in the country this year, creating 2,400 jobs and promoting Panama as a scenic filming destination.
Why Are Global Institutions So Optimistic About Panama?
Minister of Economy Felipe Chapman explained that major financial institutions — including the IMF, World Bank, and Inter-American Development Bank — are showing renewed confidence in Panama’s economy. The IMF recently raised its forecast for Panama’s growth by 33%.
A key reason behind this confidence is Panama’s new social security reform. This law protects current retirees and strengthens pensions for younger workers, helping stabilize the country’s finances.
Real Estate Insight: What This Means for Buyers and Investors
An expanding economy often boosts local real estate demand — and this news confirms Panama is on a positive path. Growing exports, job creation, and foreign investment are early signs of wider economic health, which could lead to:
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More interest from foreign investors, especially in high-growth regions.
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Increased demand for residential properties in job-creating zones and production hubs.
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Opportunities for savvy buyers to get ahead of likely price increases in well-positioned communities.
For instance, areas like David, already known for its commerce and services, may attract new businesses and workers, pushing up both residential and commercial demand. Likewise, Boquete, with its established expat appeal, may benefit indirectly from broader investor optimism and increased economic stability.
Let Us Help You Take Advantage of the Momentum
Whether you’re looking to buy a home, invest in land, or relocate to a thriving part of Panama, Casa Solution is here to guide you through the best opportunities. We know the local markets and offer expert help every step of the way.
Contact us today to explore how Panama’s growth can work in your favor.
Date: May 10, 2025
