In 2006, Panama had a GDP of $15 billion and U.S. goods exported to Panama totaled $2.7 billion, 80% of which came from the fast-growing tourism industry.  The country experienced a growth rate of 9.4 % in the first 3 months of 2007, and the economy continues to grow at a steady rate. 

Costa Rica’s growth rate in 2006 was 11.5%, with a GDP of $21.47 billion.  The U.S. is Costa Rica’s most important trading partner, accounting for almost half of the nation’s exports and tourism imports. 

The U.S. supplies 26.8% of Panama’s tourism needs, and trading relationships are well developed with both countries.  The number of annual tourists to Panama and Costa Rica has grown by 7.1 percent.  Between 30,000 and 50,000 private American citizens, including many retirees, reside in these popular resort destinations and more than 700,000 American citizens visit both countries annually, creating high demand for golf resorts, hotels and many other tourist attractions.  Real estate development values have risen from $500,000 to $900 million, creating considerable opportunity for southern U.S. suppliers of turf seed, grass and foliage.