Panama Top Tourism Performer
Friday, March 13, 2009 15:57
The World Tourism Organization (WTO) has ranked Panama as one of the top performing tourist markets and destinations in the world. The Central American region showed strong growth of 8%, with Panama displaying a growth in tourism above that benchmark figure, at 12% for the period 2004 to 2008. More than 1,6 million tourists entered Panama in 2008, with a tourism spending of $2,2 billion for 2008, which represents 12% of Panama’s Gross Domestic Product.
The tourism sector is projected to receive 1,8 million tourists in 2009 and 2 million in 2010. Panama has a large number of factors that attribute to its ongoing success in the tourism market, these include the US dollar currency, continued high ratings within the tourism market, favorable asset protection laws and an international business community.
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