Service Cluster
Representing more than 70% of our GDP, the service sector makes up an integral part of our economy. This sector is intrinsically related to our concept of an international center for trade and investment.
The Panamanian financial sector is home to the most modern banking center in Latin America. This center is regulated according to the strictest international standards, assuring the free movement of capital, confidentiality and stability, making of this one of the benchmarks of our service industry. Because of the use of the U.S. Dollar as legal tender, the inexistence of a Central Bank, no exchange controls and no monetary policy have minimized the risk of inflation.
