Corona Virus in Panama / Update 26 March 2021

The Corona situation in Panama is currently good, as new infections have been falling steadily in recent weeks and are at a low level. All sectors of the economy are open. Below you will also find more information on Corona vaccination in Panama.

Health (figures as of 25 March 2021)

• There are currently 5.030 active cases.
• The R-value is 0,91
• The mortality rate is 1.7% (global average 2.2%)
• Panama performs the same number of tests per capita as Germany.
• The percentage of positive tests is currently below 5% daily.
• The intensive care beds have never been fully utilized.
• Corona vaccination started in Panama in January.
• The goal is to have 84% of the population vaccinated by the end of the year. The current figure is 8%.
• 5.2 million doses have been ordered (Biontech/Pfizer, AstraZeneca, Jonson & Johnson) and negotiations are underway for an additional 3 million doses of Sputnik V vaccine.
• Since Panama has a very young population (Ø 26 years), people aged 60 and over were already vaccinated in phase 1.
• So far, 8,5% of the Panamanian population has been infected with Corona. Taking into account the estimated number of unreported cases, this figure should be about 20%, which is much closer to herd immunity.
• The graph shows the weekly trend (March 20 – March 21) of new infections (bars) and the test positive rate (curve). The sharp increase in June began with the economic opening. The increase in November is due to the holidays in early November (data link).

Economy

• All sectors of the economy are open.
• Restaurants and stores are allowed to open until 10.00 p.m., although many restaurants, hotels and stores are still closed.
• The support payment for socially weak people is 120 USD per month. As unemployment has skyrocketed, this amount is barely enough for many poorer families.
• Current estimates predict economic growth of +9,9% in 2021 (2020: -17%).

Life in Panama

• The government measures the corona risk of the individual regions on the basis of certain indicators (R-value, hospital occupancy rate, etc.) and adopts region-specific measures on the basis of this.
• Throughout Panama there is currently a curfew from 11.00pm – 04.00am daily and in the greater Panama City area additionally on weekends.
• Beaches are open from 06.00am – 06.00pm.

Travel to Panama

• Since 12 October 2020 Panama Citys International Airport is open again.
• Visitors (regardless of where they come from in the world) must present a Corona negative test (max. 48 hours old) or alternatively take a rapid test at the airport in Panama. If the test is positive, you will be quarantined in Panama.
• Departing travelers can take a Corona test at Panama City Airport (if required by their home country).

---

FRAPAN-Invest

Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B 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