Countries of the World:
Resources about Panama including maps, facts about the land, people, history,
government, political conditions, and economy.
Economy of Panama
GDP (2008 est.): $25.04 billion.
Annual growth rate: 5.6% (2010 projected); 2.4% (2009); 11%
(2008); 12% (2007).
Per capita GDP: $11,900 (2009 est., purchasing power
parity); $10,900 (2007); $9,900 (2006).
Natural resources: Timber, copper, gold.
Services (67% of GDP): Finance, insurance, health and
medical, transportation, telecommunications, Canal and
maritime services, tourism, Colon Free Zone, public
administration, and general commerce.
Agriculture (6.2% of GDP): Products--bananas, corn,
sugarcane, rice, coffee, shrimp, timber, vegetables,
Industry/manufacturing (14.2% of GDP): construction,
brewing, cement and other construction materials, sugar
Trade (2009): Exports (goods)--$821 million in exports, with
salmon/tuna as the largest dollar amount, followed by beef,
watermelon, shrimp, and pineapples. Export partners (as a
percentage of total export value in 2009)--U.S. 42%, China
(P.R.C.) and Taiwan 5.3%, Costa Rica 7.3%, Sweden 5.4%,
Netherlands 6.5%, Spain 6.2%. Imports (goods)--$7.8 billion
was imported in 2009: petrol and fuel oils capture the
largest percentage by weight (21%) and in dollar amount
(8.5%). Capital goods, foodstuffs, chemicals, and consumer
and intermediate goods are the remaining imports. Import
partners (2009)--the top five countries include the U.S.
29%, Costa Rica 5.2%, Mexico 4.5%, China 4.2%, and Japan
3.6%. U.S. exports to Panama (2009)--$4.3 billion: primarily
oil and capital- and technology-intensive manufactured
goods. Panama exports to U.S. (2009)--$350 million:
primarily seafood and repaired goods.
Foreign direct investment (2009): $1.8 billion.
Geography of Panama
Area: 78,200 sq. km. (30,193 sq. mi.); slightly smaller than
South Carolina. Panama occupies the southeastern end of the
isthmus forming the land bridge between North and South
Cities: Capital--Panama City (1.7 million, metropolitan area).
Other cities--Colon (204,000), David (179,674).
Terrain: Mountainous (highest elevation Cerro Volcan Baru,
3,475 m.--11,468 ft.); coastline 2,857 km. (1,786 mi.).
Climate: Tropical, with average daily rainfall 28 mm. (1 in.)
Government of Panama
Type: Constitutional democracy.
Independence: November 3, 1903.
Constitution: October 11, 1972; amended 1983 and 1994 and
reformed in 2004.
Branches: Executive--president (chief of state), vice
president. (A second vice presidential slot was abolished
starting with the 2009 electoral cycle.) Legislative--National
Assembly (unicameral; 71 members, reduced from 78 to 71
members for May 2009 elections). Judicial--Supreme Court.
Subdivisions: Nine provinces and five (indigenous)
Political parties: Panamenista Party (formerly the Arnulfista
Party (PA); Democratic Change (CD); National Liberal
Republican Movement (MOLIRENA); Democratic Revolutionary Party
(PRD); Patriotic Union (UP).
Suffrage: Universal at 18.
Map of Panama
This Map of Panama shows the borders of the country, as well
as rivers, and cities including Panama City the capital of
Panama. (Maps from the U.S. State Department)
Official Name of Panama
The Official Name of Panama is the Republic of Panama. (Facts
from the U.S. State Department)
People of Panama
Nationality: Noun and adjective--Panamanian(s).
Population (May 2010): 3,322,576.
Annual population growth rate: 1.503%.
Ethnic groups: Mestizo (mixed African, Amerindian, and
European ancestry) 70%, Amerindian and mixed (West Indian)
14%, Caucasian 10%, Amerindian 6%. Origins--36.5% African,
37.6% indigenous, and 25.9% Caucasian.
Religions: Roman Catholic 84%, Protestant 15%, other 1%.
Languages: Spanish (official); 14% speak English as their
native tongue; various indigenous languages. Many
Panamanians have a working knowledge of English and many
professional college-educated Panamanians in Panama City are
Education: Years compulsory--primary grades 1-6, or through
age 15. Attendance--95% for primary school-age children,
62.2% for secondary, 34.9% for tertiary. Literacy--92.6%
overall; urban 94%; rural 62%.
Health: Infant mortality rate (2010)--11.97 deaths/1,000
live births. Life expectancy--77.61 yrs.
Work force: 1.392 million: Commerce (wholesale and retail)--
17.9%; agriculture, cattle, hunting, silviculture--15%;
construction--9.8%; industries (manufactures)--18%;
transportation, storage, communications--6.9%; private home
domestic services--5.8%; public and defense administration--
5.6%; hotels and restaurants--5.4%; other community and
social activities, teaching--4.9%; real estate activities,
business, and rentals--4.8%; social and health services--
3.5%; financial intermediation--2.0%.
Unemployment (2009): 7%.
Poverty rate (2006): 28.6%.
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