FAQ: What’s the basis for the Panama’s economy?

Panama is a primarily service-based economy. Services include the Panama Canal, logistical services, tourism, the largest free trade zone in the Americas, and an international banking center with over 100 banks. Because of the high quality of life, many companies are making their Latin American corporate headquarters in Panama. There are also tax incentives and special economic zones for businesses and corporate headquarters.

Bananas, shrimp and coffee are the major agricultural exports.