Projections by the Ministry of Economy and Finance (MEF) indicate that Panama will have the highest GDP in Latin America this year.
The government “conservatively” estimates that the country's gross domestic product (GDP) will grow by 10% by the end of 2012.
According to a statement from the MEF, "economic analysts say that the rate is very close to 11%."
This would exceed the projections of Peru (5.7%), Bolivia (5.2%), Chile (4.9%) and Brazil (2.7%).
The Economic Commission for Latin America and the Caribbean (ECLAC), says the region shows growth, except Paraguay which could experience a contraction.