Panama real estate

Key indicators

Key indicators for property investors

Indicators across 8 categories are set out below.  Each is compared against the revealrealestate average across the four countires in our sample: Belize, Nicaragua, Costa Rica and Panama.  The indicators are designed to provide information on the framework conditions for investing.  For definitions and sources please review our notes to the data.


 
Panama
revealrealestate avg.
General indicators
GDP (PPP US$ per capita, 2009)
11589
8197
Land surface area (sq. km)
75990
67427.5
GDP real growth rate (2008 estimate)
9.2%
4.5%
Population (2007, millions)
3.3
3.4

Development and Freedoms
FDI inward flows 2007 (US$, millions)
332
634.2
Index of Economic Freedom 2008 (the higher the score the higher the economic freedoms)
64.8
63.1
2007 Corruption Perception Index (CPI) out of 10, where 10 is very clean and 0 very corrupt.
3.2
3.5
Human Development Index (the closer to 1.0, the higher the 'human development')
0.8
0.8

Tourism
International tourist arrivals in 2008 (x 1,000)
1293
1121
Travel and Tourism Economy 5 year growth (estimate of average annualized gains 2009 to 2018)
3.5
4.1
Contribution of Travel and Tourism Industry to GDP (estimate 2008)
4.8%
6%
Contribution of Travel and Tourism Economy to GDP (estimate 2008)
12.1%
14.6%

Online real estate buzz
Average monthly searches for '[country] real estate' on Google network (12 months to Sept. 2008)
18100
21275
Search results for '[country] real estate' (Sept. 2008, thousands on google.com)
678
729
Authority bloggers (Sept. 2008)
86
66.5
Advertiser competition on Google for '[country] real estate' (Sept. 2008, out of 10 with 1 being low)
5
3.3

Attractions
Luxury hotel brands
3
2.5
UNESCO World Heritage Sites
5
4
UNESCO Bioshere Reserves
2
1.8
Completed golf courses
6
5

Property investing
Days it takes to obtain construction permits
131
151.8
Days it takes to register a property
44
62.3
Costs for property registration (% property value)
2.4%
3.5%
Number of procedures to register a property
7
7.3

Living and working
Days it takes to start a business
19
44.8
Income required for residency status (US$ per month)
1000
1000
Gross annual minimum wage levels (US$)
4407
3894.5
Cost of living index (equivalent purchasing power of US$ 1,000, based on 2008 data)
1657
1982

Security
Total expenditure on healh as % of GDP (2005)
7.3%
6.9%
Hospital beds per 10,000 population (2005 or 2006)
18
13.3
Deportees received from US per 100,000 citizens (2005)
4
14.3
Homicides per 100,000 (2005)
11.2
15.3

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