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The case numbers for Corona virus in Panama have improved significantly since mid-January and as a result, most of the partial lockdown implemented in December has been lifted. Below you will also find more information on Corona vaccination in Panama.
Health (figures as of 16 Feb 2021)
Economy
Life in Panama
Travel to Panama
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. He offers advice on all aspects of living in Panama.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
Corona figures in Panama had improved significantly from August to November, so that all economic sectors and tourism in Panama are open again. I have summarized my impressions during my November trip in this VIDEO (link to click). At the beginning of November, the national holidays led to an increase in private parties, which has resulted in higher case numbers since the end of November. However, Panama currently performs more tests per capita per day than e.g. Germany, which explains part of the increased case numbers.
Health (figures as of 07 Dec 2020)
Economy
Life in Panama
Travel to Panama
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. He offers advice on all aspects of living in Panama.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
How is life in Panama during the Corona Pandemic? What has changed in Panama due to the Corona crisis? Klaus Happ reports about his experiences during his trip to Panama in November 2020. Click on the Panama video below to learn more about the current Corona situation in Panama and to see if a Panama trip in Corona times is worth the effort.
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. He offers advice on all aspects of living in Panama.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
The streets of Panama City are noisy again, which is a good indicator for the recovering economy of Panama. The international airport has been reopened for tourism, all economic sectors are on the rise and the spirit among the population has improved. This is due to the extensive opening after the months-long lockdown in Panama and the improving corona figures. The second corona wave is declining and a German vaccine is already being tested on first patients in Panama.
Health (figures as of 27 October 2020)
Economy
Life in Panama
Travel to Panama
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. He offers advice on all aspects of living in Panama.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
In June I reported that the Panamanian government had started to lift the very strict corona rules in force since March. Now there seems to be light at the end of the long corona tunnel, as infection rates in Panama have been improving for several weeks and both the economy and private life are experiencing reopenings and relaxation. Travel to Panama is also becoming possible again. More about the positive news, but also about the negative influence of the Corona Virus on Panama in the following.
Health (figures as of 25.08.2020)
Economy
Life in Panama
Travel to Panama
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. He offers advice on all aspects of living in Panama.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
Here you will find the latest information on the Corona Virus in Panama (figures as of June 24, 2020):
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. He offers advice on all aspects of living in Panama.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
The corona virus in Panama has not yet overloaded the health system and the new hospital was opened a few days ago after only 28 days of construction. 300 construction workers have been involved and it has cost 6.5 million USD. The rating agency Moodys predicts that Panama will be the richest country in Latin America after Corona from 2021 (purchasing power per capita / more on this below). The goal of the small country is to become a role model in crisis management within the region and to fulfil its role as the “Hub of the Americas” and to further develop this role.
Here you will find the latest information on the Corona Virus in Panama.
Health (figures as at 23 April)
Economy
Life
Main contents of the speech to the nation by the president on 22.04.:
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. He offers advice on all aspects of living in Panama.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama
The corona virus has arrived in Panama and there are currently 989 cases and 24 deaths (as of 29 March 2020). The Panamanian government has taken strict measures very early in order to control the virus spread. This is to prevent the stress on the health system, which is of course not as stable in a country like Panama as in Germany. Panama has a very young population (average age 26 years / Germany 44 years), which hopefully will help to keep the mortality rate low. The United Nations praised Panama’s measures from the beginning as a model for Latin America (Info-Link).
Here is an overview of the measures:
Panama has responded very quickly to the new situation, but we have to wait and see how it develops and how the measures work, as is the case all over the world.
The measures taken will have a negative impact on the economy in Panama, as everywhere else in the world. The tourism sector (the main season is fortunately almost over) including the cruise sector and the gastronomy sector are particularly suffering.
The service sector represents about 70% of the Panamanian economy. The main service sectors are logistics, trade, finance and tourism. Thanks to the Panama Canal, the country generates annual revenues between 2 – 2.5 billion USD, which is a lot for a country with 4.2 million inhabitants. Accordingly, great importance is currently attached to the Panama Canal and the seaports functioning as usual, as approximately 6% of world trade flows through the Canal. Currently, many corona supply measures of Latin American countries are organized from Panama (“Hub of the Americas”). The Panama Canal will help to stabilize government revenues. Even if these stable Panama Canal revenues will be lower than normal in the current difficult times. The canal is a windfall for the small country.
The construction sector in Panama is another important component. Currently, construction in Panama is at a standstill due to the corona measures. The “reactivation of the construction sector” with the large infrastructure projects (third metro line, fourth bridge over the Panama Canal, new copper mine) will give Panama’s economy a boost again. Let us hope that we will return to normality in Panama as quickly as possible, as in the whole world.
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. He offers advice on all aspects of living in Panama.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
Profitable, safe and beautiful:
Investments in Panama