In recent years Panama has become one of the world’s top retirement and second home destinations, as well as a world class tourist location – particularly for adventure and eco-tourism. The Panamanian economy is stronger and more stable than other Central American countries and presents a superior infrastructure throughout the country. The tropical climate, low cost of living, high quality cheap healthcare, US dollar economy, affordable titled real estate, senior discounts, and being rated as one of the safest countries in Latin America make Panama the best place to retire or invest in a second home. The core income of the Panama Canal, and the current $5.4 Billion expansion of the Canal, further increase the strength and stability of the Panamanian economy and government.
Long overshadowed by its neighbors such as Mexico and Costa Rica where mass tourism is now the norm, Panama has been relatively unknown except to travelers with special interests such as world record deep sea fishing, birding, river rafting and rain forest experiences.
Panama has the third or fourth largest economy in Central America and it is also the fastest growing economy and the largest per capita consumer in Central America. As of 2010, Panama is the second most competitive economy in Latin America as well.
Panama has the largest rainforest in the Western Hemisphere outside the Amazon Basin and its jungle is home to an abundance of tropical plants, animals and birds – some of them found nowhere else in the world.