In the words of the IMF, Panama has had exceptional growth over recent decades. A growth diagnostic exercise suggests that Panama is well placed to maintain this business model. Higher-quality education, stronger governance, and less bureaucracy will further strengthen Panama’s comparative advantage. Additional analysis suggests that investment will continue to support growth, while the logistics and tourism sectors promise to build further on Panama’s comparative advantage.
Read the IMF’s Panama: Selected Issues. You will agree with the Prime-Ex team that Panama is not only one of the strongest economies of the Americas but also is the right spot for our project.
Weather Now in La Chorrera
La Chorrera, Panama, is the fastest growing community in Central America and home to the Prime-Ex Perpetual Investment Home Program! It was home to only 15,000 people 20 short years ago; but today, La Chorrera boasts 260,000 people and the growth is only expected to continue!
Located a short 25 minute drive from Panama City, La Chorrera features modern shopping options, including several new malls. There are many local and international restaurants to choose from. Fine dining, fine shopping, and fine coffee can all be found here!
Locals can choose from seven different schools here for their children. Medical options include a large hospital and several doctor’s offices. Whether you work in Panama City, La Chorrera, or Coronado, La Chorrera is the most convenient place to live by far, featuring far more amenities than Coronado and far less traffic than Panama City.
La Chorrera features a year-around warm, tropical climate. Expect heavy rains here twice a year during the heavy parts of the rainy season.
La Chorrera is known for its many waterfalls. There are several in the area, including the more famous El Chorro de La Chorrera, El Chorro Trinidad, and the El Chorro de Canoa Quebrada waterfalls. Bring your sun screen and your insect repellant if you’re going to check them out!
The incredible growth of La Chorrera shows no signs of slowing down. A brand new, Pacific highway will run through La Chorrera, and the subway metro will feature its final stop here. In just a few years this community will enjoy even easier access into Panama City than it already has, which means that the future is bright for residents and developers alike in this wonderful community.
If you haven’t made your way to Chiriqui yet, boy are you missing out! How many people in the world have experienced being in the Pacific Ocean and the Caribbean in the same day? How many people have witnessed both oceans at the same time from the top a volcano summit? Have you seen scarlet macaws flocking together in the wild? How about toucans, or jaguars, or sloths, or monkeys? Have you ever been to a real indigenous village?
All this and more is readily available in Chiriqui if you’re adventurous… and let’s be honest… if you’re considering purchasing your own house in Panama… you are!
While Panama City offers a modern cityscape and a thriving night life, the countryside has a lot to offer as well, like the salty air of the Caribbean or the Pacific, the cool mountain air of the highlands, lovely lakes, and the pure nature of an idyllic tropical paradise.
The province of Chiriqui is the main countryside destination for investors and expats in Panama, connecting to Panama City through the Enrique Malek International Airport (code DAV). While Chiriqui certainly has something to offer anyone, David, Boquete and Volcan are among the top destinations.
Expats enjoy living in Chiriqui’s capital due to the lower cost of living compared to Panama City. Tranquility and convenience are the perfect complement. You will find supermarkets, shopping stores, and access to a variety of services near you. David trades skyscrapers for the simplicity and serenity the city rarely has.
The Enrique Malek International Airport (code: DAV) makes it a breeze to fly in-and-out. Although small, this airport receives at least 2 daily flights from Panama City.
David enjoys a summer-like weather with temperatures above 80F all year long, and is only 30 minutes away from the Pacific coast.
Many expats love Boquete for its warm and breezy weather during the day and its cool temperatures at night. Rarely does the temperature rise above 82F and rarely does it drop below 60F, and that’s year-round!
You will enjoy beautiful panoramic views, hot springs, waterfalls, and a thriving industry of its many coffee producers.
It’s iconic event, the Boquete Flower and Coffee Festival, takes place every January and the gardens remain open until June to welcome everyone who can’t visit in January.
Located only 30 minutes away from the Enrique Malek Internation Airport, you can fly out of most North American hubs and enjoy dinner in Boquete the same day!
Home of Volcan Baru, the only volcano in Panama. Although extinct, the panoramic views of the volcano have no rival in Panama.
Tierras Altas (highlands), the district that Volcan heads, has a climate similar to Boquete, and is popular for its rainforests, trails, coffee plantations, flower production, historic site Sitio Barriles, and Volcan Baru National Park.
It’s most popular event, Parada de Las Flores, is celebrated every September with flower parades and contests among local flower producers.
Located only 45 minutes away from the Enrique Malek International Airport, you can fly out of most North American hubs and enjoy dinner in Volcan the same day!