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Panama - Fast Facts

By: EconomyWatch Date: 30 June 2010

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Panama is an upper middle-income economies coming under the Latin American and the Caribbean region as to the classification made by the World Bank on the basis of income and region for the year 2006.

A well-developed services sector has brought tremendous success for the country's economy. The services sector constitutes around 80% of the total GDP.

Major agricultural products in the country are bananas, cocoa, crop, coffee and pineapples. Important industries in the country are cement, sugar milling, petroleum, international banking and construction.

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