Industries of Panama primarily consist of manufacturing, construction and mining activities. Panama Industries have recorded the substantial growth over years. Like at the 1990s it has actually generated the growth of over 7% and in 2000 it accounted for 17% of growth in the GDP.
In current years, Panama has ever experienced an increase in construction projects. Both private and government sectors have made large investments in constructing roads, ports or bridges. Thus, there has been an increase in demand for the finished wooden products or materials for the construction. To meet the demand, production of the commodities has significantly risen.
In the year 2000, the construction activities have increased to over 7.5%. Now, Panama manufacturing accounts for 8% of the GDP. In the country, there’re a lot of food processing units & plants engaged in producing sugar, hats, clothing, shoes, soap, ceramics, edible oils, alcoholic beverages, and furniture. Some other products that are manufactured are chemicals and cement.
The mining industry in Panama has shown potential for the significant growth in recent years. Besides, Panamanian oil refinery also has shown the potential of producing over 60,000 barrels daily. Therefore, Panama Industry has also shown high growth in country’s economy.
Culture Music and Art of Panama
Culture: Panama has a diverse culture. You can find 6 Indian cultures in the country. The folklores are famous in Panama. Many dance forms also have been adopted from different races of the country.
Music: Music is much appreciated at Panama. Different forms of music in the country are reggae, salsa, vallenato, merengue, etc. But local Panama music like charts, folklores is popular here.
Art: different forms of art are practiced in Panama. Molas, designer textiles, appliqué works, etc are popular here. Wood Carvings and basketry are common here. Besides this, leatherworks, Guaymí necklaces are made in different corners of the country.