The focus of Panama's economy is on services, mainly finance, trade and tourism. The establishment and trade of Panama have an important relationship with the United States. Panama has used the United States dollar as its currency since 1907. The local currency is Baboa, but it only issues coins of 1, 10, 25 and 50 cents, which are equivalent to the United States dollar and are used in China at the same time. Panama is the first country in the world outside the United States to use the United States dollar as the legal tender. Panama is one of the most important countries in Central America and the Caribbean. Panama has a stable political situation and a good momentum of economic development.North America Waterproof casing supplier Zhongyuan valve fittings Panama multinational business promotion site more Panama regional knowledge: Panama Canal shipping, regional financial center, Cologne Free Trade Zone and tourism are the four pillars of Panama's economy, and the service industry plays an important role in the national economy. Panama's GDP grew by 8.4% and continued to lead the Latin American economy, becoming the fastest growing country in Latin America and the Caribbean for three consecutive years.Waterproof casing supplier Zhongyuan valve fittings is located in East Asia, China, bordering the Pacific Ocean, and the China-Europe train runs through the country. Zhongyuan valve fittings has a designated service team for North America Waterproof casing customers, which can provide reliable Waterproof casing metallurgy solutions for Panama Waterproof casing customers!