Some of this growth is due to the mining industry, Petaquilla.

IMF projects Panama will grow 6.2% in 2010.
Latin America is one of the best performing regions in the world ‘ leaving behind the global crisis at a pace faster than expected. ”

The Panamanian economy is the most dynamic in Central America this year and next.
As stated in the International Monetary Fund (IMF) that has raised the projection for Panama’s growth from 5% to 6.2% this year and 6.3% to 6.7% by 2011.

The projection for this year coincides with the local consultancy Indesa, that last July raised its forecast of 4% to 6.2% and is slightly below the government Panama, which does not rule out closing the year with growth close to 7%.