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* Panama is a major international banking center, with over 100 banks operating in the country.
* The banking sector is regulated by the Superintendencia de Bancos de Panamá (SBP), which ensures the safety and soundness of the financial system.
* Panama's banking sector is a key part of the country's economy, contributing over 15% of GDP and employing over 20,000 people.
Tourism
* Tourism is another important industry in Panama, generating over $4.5 billion in revenue in 2019.
* The country is a popular destination for both business and leisure travelers, with attractions such as the Panama Canal, the San Blas Islands, and the colonial city of Casco Viejo.
* The tourism industry employs over 250,000 people and contributes over 10% of GDP.
Shipping and Logistics
* Panama's strategic location at the crossroads of the Americas has made it a major shipping and logistics hub.
* The Panama Canal, which handles over 5% of world trade, is a key part of the country's shipping industry.
* Panama is also home to several major ports, including the Port of Balboa and the Port of Cristobal.
* The shipping and logistics industry contributes over 15% of GDP and employs over 200,000 people.
Retail and Trade
* Panama is a major center for retail and trade in the region, with over 200 shopping centers and stores.
* The country is also a major hub for duty-free shopping, with over 2 million visitors annually.
* The retail and trade industry contributes over 10% of GDP and employs over 250,000 people.