Panama's economy has indeed shown significant growth in recent years, surpassing Costa Rica in terms of economic performance. This progress can be attributed to the country's policy of economic freedom, which fosters a more attractive environment for investments and businesses.
Panama has stood out due to its financial stability, the presence of the Panama Canal, which is a central hub of international trade, and growth in sectors such as logistics, financial services, and tourism. Additionally, policies aimed at reducing bureaucratic and fiscal barriers have helped boost the country's competitiveness on the international stage.
On the other hand, countries like Colombia and Costa Rica have faced economic and political difficulties that, in some cases, have led to setbacks in aspects of economic freedom. These nations have encountered challenges such as increased regulations, higher taxes, and political uncertainties, which impact investor confidence and their economic dynamics. This contrast has highlighted Panama as a success story in the region.
