Mining and quarrying activities (728%), construction (489%), hotels and restaurants (92%), transport and communications (29.8%) and trade (23.9%) were the main drivers of growth, boosted by an easing of mobility restrictions and stronger global trade flows.
The 'Pandora Papers' investigation will cast further doubt on Panama’s anti-money laundering efforts.
Large social and economic disparity between the Panama Canal area and the rest of the country will continue to hinder development.
The Darien Gap is increasingly becoming a migration bottleneck which will necessitate international cooperation, especially with Colombia.
Service activities related to the expansion of the Panama Canal will support growth in the coming years.
Higher import demand boosted by economic recovery will weigh on external accounts this year.
