In order to discuss the economy of the Coronado area of Panamá, it is a good idea to put that economy in historical context.. It is in this way that we can get a better feel for the overall economic trajectory.
The Coronado area of Panamá was formerly called "Finca la Yeguala", and includes what today are the towns of Chame, Gorgona and Coronado. This area of Panamá is of great historical and cultural importance, and rich with traditions.
The Coronado area proper was founded in 1941 by visionary Robert Eisenman, and to this day, remains in the same family. Coronado is located about one hour by car from the city of Panamá, by the beautiful and peaceful Pacific Ocean.
Coronado began as a small country town. Later, a resort was added, along with an equestrian and golf club, where today, international events take place.
Coronado was the primary resort in the area, and the place where Panamanians started building their country houses, where they could go to visit for weekends and holidays. In more recent times, many expats from different countries have chosen this same area for their retirement.
With extraordinary growth, especially in what is called the "Tourism Corridor", between the popular towns of Chorrera and Penonomé, this area has proven to be of great interest to investors, especially after the new nearby international airport of "Río Hato" began operations in 2014.
The facilities and allure of Coronado, Panamá, attracts locals as well as visitors. Chame, Gorgona (with its black sand) and Coronado are especially known for their beautiful beaches, where surfers from all over the world come for entertainment and competitions. (As a side note, Santa Catalina, located in the province of Veraguas, is also a great place for surfing).
The Coronado area has all the "First World" facilities one could ask for, including a modern emergency hospital, three malls, hotels, restaurants, pharmacies, government offices, a post office, internet cafes, Catholic churches (and other, less prominent churches as well), little picturesque parks, lots of vegetation, flowers, rivers, and outdoor adventure opportunities. Coronado also boasts the ability to easily visit nearby towns and mountains, such as El Valle de Antón, a beautiful valley only 45 minutes away by car, and cooler than by the ocean.
Coronado has been a leader in the expansion of the entire area, with this infrastructure and economic growth going hand-in-hand with the significant growth that Panamá, as a country, is experiencing.