Answer:
Yes, immensely.
Step-by-step explanation:
The artificial waterway known as the Panama Canal, which connects the Atlantic and Pacific Oceans, is situated in the Panama Isthmus and measures about 80 kilometers (about 50 miles) in length. Along with the Suez Canal, the Strait of Hormuz, and the Strait of Malacca, it is regarded as one of the most crucial primary chokepoints in the world's maritime network. The Panama Canal records an average transit of more than 13,000 vessels annually, a century after operations began in 1914. It produced more than 255.7 million long tons of cargo in the fiscal year 2020. During the 2020 fiscal year, the Panama Canal produced toll revenues of around 2.7 billion USD (ranging from October 2019 to September 2020). Despite the COVID-19 pandemic's effects in the second half of the fiscal year, this represented an increase of almost 3% over the previous year. About 80% of the money made by the Panama Canal comes from tolls.
Thanks.