PanamaIT outsourcing rates in Panama
Panama is a small country located in Central America, with a rich history and culture. The country has a developing market economy, which is heavily based on the service sector, particularly in industries such as banking, tourism, and logistics. Panama's strategic location and the Panama Canal have helped to make it a major center for international trade and transportation.
The country has signed several free trade agreements, including the Central America-United States Free Trade Agreement (CAFTA) and the European Union-Central America Free Trade Agreement (EU-CAFTA), which have helped to boost its economy and attract foreign investment. The country also has a well-developed infrastructure, including a modern transportation system, a strong telecommunications network, and a developed logistics sector.
Panama has made significant investments in the development of its IT sector, with initiatives to promote digital innovation and e-commerce. The country has a high level of education and a skilled workforce, which contributes to its competitiveness in the global economy.
Outsourcing rates by profession($/hour)
| Min | Max | Avg | |
|---|---|---|---|
| Business Analyst | |||
60$ | 78$ | 71$ | |
| Project Manager | |||
63$ | 95$ | 72$ | |
| Scrum Master | |||
58$ | 91$ | 69$ | |
| Graphic Designer | |||
51$ | 87$ | 68$ | |
| DevOps | |||
63$ | 95$ | 81$ | |
| Lead Developer | |||
71$ | 95$ | 82$ | |
| Junior Developer | |||
44$ | 61$ | 52$ | |
| Intermediate Developer | |||
57$ | 76$ | 66$ | |
| Senior Developer | |||
70$ | 95$ | 79$ | |
| Junior QA (Manual) | |||
36$ | 60$ | 46$ | |
| Intermediate QA (Manual) | |||
45$ | 68$ | 58$ | |
| Senior QA (Manual) | |||
57$ | 76$ | 68$ | |
| Junior QA (Automated) | |||
37$ | 61$ | 50$ | |
| Intermediate QA (Automated) | |||
51$ | 72$ | 66$ | |
| Senior QA (Automated) | |||
63$ | 83$ | 76$ | |
General information
PAB and USD
15.3
4.351 million (2021)
GMT-5
Latin America
Scorecard
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Regularly updated, they provide an estimate of the average credit risk on a country’s businesses. This is an invaluable tool, giving an indication of a country’s potential influence on businesses’ financial commitments.
Our analyses use a eight-level ranking. In ascending order of risk, these are
Source linkcoface.com/Economic-Studies-and-Country-RisksSoftware outsourcing readiness
Technology capabilities
Industries
Economic overview
Political Stability
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-2.5
Democracy status
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0
Business climate
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Very good
Risk assessment
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Very low