Panama is one of today’s fastest-growing retirement areas in the Western Hemisphere. It is expected that 80 million baby boomers will retire in the next five to ten years. 5% are expected to look to retire in a tropical destination. That relates to about 4 million people. At least one million are expected to call Panama their home in a country where there presently resides a population of about 3.1 million people.

Residential tourism business has made Panama’s construction industry grow by more than US $800 million during recent months; and the gross domestic product statistics are impressive.

Here are what other organizations have to say about Panama:

What Ocean Embassy has to say about Panama

“Ocean Embassy conducted extensive research worldwide to find the best location for our marine resort experience. Steady economic growth, strong development, pristine oceanfront, friendly people, an expanding tourism market, and a long list of many other positives quickly made Panama our first choice.

With its inviting climate characterized by warm winters and lush tropical geography, Panama is a virtual paradise - a perfect setting in which to create a unique and exciting venue for a world-class destination and themed resort attraction. Blessed with good infrastructure left from a long history of collaboration with the United States during the operation of the Panama Canal, Panama has an excellent foundation for continuing to modernize and develop.

Panama has newly expanded and refurbished airport facilities in Panama City and other locations with a good airlift capacity for bringing visitors to the country. Also, the site selected by the Ocean Embassy team is within the boundaries of established tourism areas in the fastest growing tourism sector of Panama along the Pacific Coast.

Panama has a historically stable political system and few of the political challenges of some countries in Central and South America. With a new government committed to growing a strong tourism market, policies also actively support the responsible management of the country's marine resources and environment. Panama has demonstrated that it will be a reliable partner in this project's development.

With full support of all appropriate government agencies, our choice of properties included: access to sea water, guest accessibility, significant acreage for growth, dynamic oceanfront views, convenient location, direct highway access and natural beauty of the land. We selected a site called Playa Corona. A contract for over 600 acres has been completed, setting the course to fully develop our flagship Ocean Embassy site.”

http://oceanembassy.com/English/Child%20Pages/OE%20Panama/why_panama.htm