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Communications

Broadcast media [time series]

multiple privately-owned television networks and a government-owned educational TV station; multi-channel cable and satellite TV subscription services are available; more than 100 commercial radio stations (2007)

Internet country code [time series]

.pa

Internet users (Internet hosts) [time series]

9,585 (2010) country comparison to the world: 123

Internet users [time series]

959,800 (2009) country comparison to the world: 104

Telecommunication systems (Telephone system) [time series]

general assessment: domestic and international facilities well developed domestic: mobile-cellular telephone subscribership has increased rapidly international: country code - 507; landing point for the Americas Region Caribbean Ring System (ARCOS-1), the MAYA-1, and PAN-AM submarine cable systems that together provide links to the US and parts of the Caribbean, Central America, and South America; satellite earth stations - 2 Intelsat (Atlantic Ocean); connected to the Central American Microwave System (2008)

Telephones - fixed lines (Telephones - main lines in use) [time series]

537,100 (2009) country comparison to the world: 95

Telephones - mobile cellular [time series]

5.677 million (2009) country comparison to the world: 88

Economy

Agricultural products (Agriculture - products) [time series]

bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp

Commercial bank prime lending rate [time series]

8.25% (31 December 2009 est.) country comparison to the world: 115 8.16% (31 December 2008 est.)

Current account balance [time series]

-$813 million (2010 est.) country comparison to the world: 128 -$2.33 billion (2009 est.)

Debt - external [time series]

$13.85 billion (31 December 2010 est.) country comparison to the world: 80 $13.7 billion (31 December 2009 est.)

Gini Index coefficient - distribution of family income (Distribution of family income - Gini index) [time series]

56.1 (2003) country comparison to the world: 12 48.5 (1997)

Economic overview (Economy - overview) [time series]

Panama's dollarized economy rests primarily on a well-developed services sector that accounts for three-quarters of GDP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. Economic growth will be bolstered by the Panama Canal expansion project that began in 2007 and is scheduled to be completed by 2014 at a cost of $5.3 billion - about 25% of current GDP. The expansion project will more than double the Canal's capacity, enabling it to accommodate ships that are now too large to transverse the transoceanic crossway, and should help to reduce the unemployment rate. The United States and China are the top users of the Canal. Panama also plans to construct a metro system in Panama City, valued at $1.2 billion and scheduled to be completed by 2014. Panama's aggressive infrastructure development projects will likely lead the economy to continued growth in 2011. Strong economic performance has not translated into broadly shared prosperity as Panama has the second worst income distribution in Latin America. About 30% of the population lives in poverty, however, during TORRIJOS's term poverty was reduced from 40% to 30% and unemployment dropped from 12% to 6%. Not a CAFTA signatory, Panama in December 2006 independently negotiated a free trade agreement with the US, which, when implemented, will help promote the country's economic growth. Seeking removal from the Organization of Economic Development's gray-list of tax havens, Panama has also recently signed various double taxation treaties with other nations.

Electricity - consumption [time series]

5.17 billion kWh (2007 est.) country comparison to the world: 107

Electricity - exports [time series]

124.9 million kWh (2007 est.)

Electricity - imports [time series]

8.74 million kWh (2007 est.)

Electricity - production [time series]

6.322 billion kWh (2007 est.) country comparison to the world: 104

Exchange rates [time series]

balboas (PAB) per US dollar - 1 (2010), 1 (2009), 1 (2008), 1 (2007), 1 (2006)

Exports [time series]

$12.52 billion (2010 est.) country comparison to the world: 79 $10.9 billion (2009 est.) note: includes the Colon Free Zone

Exports - commodities [time series]

bananas, shrimp, sugar, coffee, clothing

Exports - partners [time series]

Greece 21.03%, US 17.63%, Japan 9.87%, Germany 4.28%, Italy 4.27% (2009)

GDP (official exchange rate) [time series]

$27.2 billion (2010 est.)

Real GDP (purchasing power parity) (GDP (purchasing power parity)) [time series]

$43.48 billion (2010 est.) country comparison to the world: 95 $41.37 billion (2009 est.) $40.4 billion (2008 est.) note: data are in 2010 US dollars

GDP - composition, by sector of origin (GDP - composition by sector) [time series]

agriculture: 5.8% industry: 16.6% services: 77.6% (2010 est.)

Real GDP per capita (GDP - per capita (PPP)) [time series]

$12,700 (2010 est.) country comparison to the world: 90 $12,300 (2009 est.) $12,200 (2008 est.) note: data are in 2010 US dollars

Real GDP growth rate (GDP - real growth rate) [time series]

5.1% (2010 est.) country comparison to the world: 56 2.4% (2009 est.) 10.7% (2008 est.)

Household income or consumption by percentage share [time series]

lowest 10%: 0.8% highest 10%: 41.4% (2006)

Imports [time series]

$16.05 billion (2010 est.) country comparison to the world: 77 $12.93 billion (2009 est.) note: includes the Colon Free Zone

Imports - commodities [time series]

capital goods, foodstuffs, consumer goods, chemicals

Imports - partners [time series]

Japan 36.21%, Singapore 16.86%, US 12.3%, China 7.84% (2009)

Industrial production growth rate [time series]

2% (2010 est.) country comparison to the world: 128

Industries [time series]

construction, brewing, cement and other construction materials, sugar milling

Inflation rate (consumer prices) [time series]

3.3% (2010 est.) country comparison to the world: 98 2.4% (2009 est.)

Investment (gross fixed) [time series]

26.8% of GDP (2010 est.) country comparison to the world: 32

Labor force [time series]

1.49 million country comparison to the world: 130 note: shortage of skilled labor, but an oversupply of unskilled labor (2010 est.)

Labor force - by occupation [time series]

agriculture: 6% industry: 18% services: 76% (2009 est.)

Market value of publicly traded shares [time series]

$8.048 billion (31 December 2009) country comparison to the world: 75 $6.568 billion (31 December 2008) $6.219 billion (31 December 2007)

Natural gas - consumption [time series]

0 cu m (2008 est.) country comparison to the world: 117

Natural gas - exports [time series]

0 cu m (2008 est.) country comparison to the world: 145

Natural gas - imports [time series]

0 cu m (2008 est.) country comparison to the world: 105

Natural gas - production [time series]

0 cu m (2008 est.) country comparison to the world: 152

Natural gas - proved reserves [time series]

0 cu m (1 January 2010 est.) country comparison to the world: 112

Oil - consumption [time series]

93,000 bbl/day (2009 est.) country comparison to the world: 77

Oil - exports [time series]

4,803 bbl/day (2007 est.) country comparison to the world: 106

Oil - imports [time series]

87,100 bbl/day (2007 est.) country comparison to the world: 69

Oil - production [time series]

2 bbl/day (2009 est.) country comparison to the world: 115

Oil - proved reserves [time series]

0 bbl (1 January 2010 est.) country comparison to the world: 146

Population below poverty line [time series]

28.6% (2006 est.)

Public debt [time series]

40.8% of GDP (2010 est.) country comparison to the world: 69 44.6% of GDP (2009 est.)

Reserves of foreign exchange and gold [time series]

$3.525 billion (31 December 2010 est.) country comparison to the world: 84 $3.028 billion (31 December 2009 est.)

Stock of broad money [time series]

$24.17 billion (31 December 2010 est.) country comparison to the world: 78 $21.78 billion (31 December 2009 est.)

Stock of direct foreign investment - abroad [time series]

$NA

Stock of direct foreign investment - at home [time series]

$NA

Stock of domestic credit [time series]

$23.2 billion (31 December 2010 est.) country comparison to the world: 74 $20.17 billion (31 December 2009 est.)

Stock of narrow money [time series]

$5.04 billion (31 December 2010 est) country comparison to the world: 88 $4.404 billion (31 December 2009 est)

Unemployment rate [time series]

4.4% (2010 est.) country comparison to the world: 41 6.7% (2009 est.)

Geography

Area [time series]

total: 75,420 sq km country comparison to the world: 117 land: 74,340 sq km water: 1,080 sq km

Area - comparative [time series]

slightly smaller than South Carolina

Climate [time series]

tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)

Coastline [time series]

2,490 km

Elevation (Elevation extremes) [time series]

lowest point: Pacific Ocean 0 m highest point: Volcan Baru 3,475 m

Environment - current issues [time series]

water pollution from agricultural runoff threatens fishery resources; deforestation of tropical rain forest; land degradation and soil erosion threatens siltation of Panama Canal; air pollution in urban areas; mining threatens natural resources

International environmental agreements (Environment - international agreements) [time series]

party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling signed, but not ratified: Marine Life Conservation

Total water withdrawal (Freshwater withdrawal (domestic/industrial/agricultural)) [time series]

total: 0.82 cu km/yr (67%/5%/28%) per capita: 254 cu m/yr (2000)

Geographic coordinates [time series]

9 00 N, 80 00 W

Geography - note [time series]

strategic location on eastern end of isthmus forming land bridge connecting North and South America; controls Panama Canal that links North Atlantic Ocean via Caribbean Sea with North Pacific Ocean

Irrigated land [time series]

430 sq km (2003)

Land boundaries [time series]

total: 555 km border countries: Colombia 225 km, Costa Rica 330 km

Land use [time series]

arable land: 7.26% permanent crops: 1.95% other: 90.79% (2005)

Location [time series]

Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica

Map references [time series]

Central America and the Caribbean

Maritime claims [time series]

territorial sea: 12 nm contiguous zone: 24 nm exclusive economic zone: 200 nm or edge of continental margin

Natural hazards [time series]

occasional severe storms and forest fires in the Darien area

Natural resources [time series]

copper, mahogany forests, shrimp, hydropower

Terrain [time series]

interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills

Total renewable water resources [time series]

148 cu km (2000)

Government

Administrative divisions [time series]

11 provinces (provincias, singular - provincia) and 1 territory* (comarca); Bocas del Toro, Comarca Kuna Yala, Comarca Ngobe-Bugle, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, San Blas* (Kuna Yala), and Veraguas

Capital [time series]

name: Panama City geographic coordinates: 8 58 N, 79 32 W time difference: UTC-5 (same time as Washington, DC during Standard Time)

Constitution [time series]

11 October 1972; revised in 1978, 1983, 1994, and 2004

Country name [time series]

conventional long form: Republic of Panama conventional short form: Panama local long form: Republica de Panama local short form: Panama

Diplomatic representation from the US [time series]

chief of mission: Ambassador Phyllis M. POWERS embassy: Edificio 783, Avenida Demetrio Basilio Lakas Panama, Apartado Postal 0816-02561, Zona 5, Panama City mailing address: American Embassy Panama, Unit 0945, APO AA 34002 telephone: [507] 207-7000 FAX: [507] 317-5568

Diplomatic representation in the US [time series]

chief of mission: Ambassador Jaime Eduardo ALEMAN Healy chancery: 2862 McGill Terrace NW, Washington, DC 20008 telephone: [1] (202) 483-1407 FAX: [1] (202) 483-8416 consulate(s) general: Atlanta, Houston, Miami, New Orleans, New York, Philadelphia, San Diego, San Francisco, Tampa

Executive branch [time series]

chief of state: President Ricardo MARTINELLI Berrocal (since 1 July 2009); Vice President Juan Carlos VARELA (since 1 July 2009); note - the president is both the chief of state and head of government head of government: President Ricardo MARTINELLI Berrocal (since 1 July 2009); Vice President Juan Carlos VARELA (since 1 July 2009) cabinet: Cabinet appointed by the president (For more information visit theWorld Leaders website) elections: president and vice president elected on the same ticket by popular vote for five-year terms (not eligible for immediate reelection; president and vice president must sit out two additional terms (10 years) before becoming eligible for reelection); election last held on 3 May 2009 (next to be held in 2014) election results: Ricardo MARTINELLI Berrocal elected president; percent of vote - Ricardo MARTINELLI Berrocal 60%, Balbina HERRERA 38%, Guillermo ENDARA Galimany 2% note: government coalition - CD (Democratic Change), Panamenista, MOLIRENA (Nationalist Republican Liberal Movement), and UP (Patriotic Union Party)

Flag (Flag description) [time series]

divided into four, equal rectangles; the top quadrants are white (hoist side) with a blue five-pointed star in the center and plain red; the bottom quadrants are plain blue (hoist side) and white with a red five-pointed star in the center; the blue and red colors are those of the main political parties (Conservatives and Liberals respectively) and the white denotes peace between them; the blue star stands for the civic virtues of purity and honesty, the red star signifies authority and law

Government type [time series]

constitutional democracy

Independence [time series]

3 November 1903 (from Colombia; became independent from Spain 28 November 1821)

International organization participation [time series]

BCIE, CAN (observer), CSN (observer), FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, SICA, UN, UNASUR (observer), UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO

Judicial branch [time series]

Supreme Court of Justice or Corte Suprema de Justicia (nine judges appointed for 10-year terms); five superior courts; three courts of appeal

Legal system [time series]

based on civil law system; judicial review of legislative acts in the Supreme Court of Justice; accepts compulsory ICJ jurisdiction with reservations

Legislative branch [time series]

unicameral National Assembly or Asamblea Nacional (71 seats; members elected by popular vote to serve five-year terms) elections: last held on 3 May 2009 (next to be held in May 2014) election results: percent of vote by party - NA; seats by party - PRD 26, Panamenista 22, CD 14, UP 4, Independent 2, MOLIRENA 2, PP 1 note: legislators from outlying rural districts chosen on a plurality basis while districts located in more populous towns and cities elect multiple legislators by means of a proportion-based formula

National anthem(s) (National anthem) [time series]

name: "Himno Istemno" (Isthmus Hymn) lyrics/music: Jeronimo DE LA OSSA/Santos A. JORGE note: adopted 1925

National holiday [time series]

Independence Day, 3 November (1903)

Political parties (Political parties and leaders) [time series]

Democratic Change or CD [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Francisco SANCHEZ Cardenas]; Nationalist Republican Liberal Movement or MOLIRENA [Sergio GONZALEZ-Ruiz]; Panamenista Party [Juan Carlos VARELA Rodriguez] (formerly the Arnulfista Party); Patriotic Union Party or UP (combination of the Liberal National Party or PLN and the Solidarity Party or PS)[Anibal GALINDO]; Popular Party or PP [Milton HENRIQUEZ] (formerly Christian Democratic Party or PDC)

Political parties (Political pressure groups and leaders) [time series]

Chamber of Commerce; National Civic Crusade; National Council of Organized Workers or CONATO; National Council of Private Enterprise or CONEP; National Union of Construction and Similar Workers (SUNTRACS); Panamanian Association of Business Executives or APEDE; Panamanian Industrialists Society or SIP; Workers Confederation of the Republic of Panama or CTRP

Suffrage [time series]

18 years of age; universal and compulsory

Introduction

Background [time series]

Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Colombia, Ecuador, and Venezuela - named the Republic of Gran Colombia. When the latter dissolved in 1830, Panama remained part of Colombia. With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. In 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of the century. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the subsequent decades. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were transferred to Panama by the end of 1999. In October 2006, Panamanians approved an ambitious plan (estimated to cost $5.3 billion) to expand the Canal. The project, which began in 2007 and could double the Canal's capacity, is expected to be completed in 2014-15.

Military

Manpower available for military service [time series]

males age 16-49: 878,281 (2010 est.)

Manpower fit for military service [time series]

males age 16-49: 719,761 females age 16-49: 719,444 (2010 est.)

Manpower reaching militarily significant age annually [time series]

male: 31,398 female: 30,182 (2010 est.)

Military - note [time series]

on 10 February 1990, the government of then President ENDARA abolished Panama's military and reformed the security apparatus by creating the Panamanian Public Forces; in October 1994, Panama's Legislative Assembly approved a constitutional amendment prohibiting the creation of a standing military force but allowing the temporary establishment of special police units to counter acts of "external aggression"

Military and security forces (Military branches) [time series]

no regular military forces; Panamanian public forces include: Panamanian National Police (PNP), National Air-Naval Service (SENAN), National Border Service (SENAFRONT) (2010)

Military expenditures [time series]

1% of GDP (2006) country comparison to the world: 132

People

Age structure [time series]

0-14 years: 29.3% (male 501,950/female 481,750) 15-64 years: 63.9% (male 1,085,435/female 1,061,530) 65 years and over: 6.8% (male 106,934/female 122,875) (2010 est.)

Birth rate [time series]

19.71 births/1,000 population (2010 est.) country comparison to the world: 94

Death rate [time series]

4.62 deaths/1,000 population (July 2010 est.) country comparison to the world: 197

Education expenditure (Education expenditures) [time series]

3.8% of GDP (2008) country comparison to the world: 115

Ethnic groups [time series]

mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6%

HIV/AIDS - adult prevalence rate [time series]

1% (2007 est.) country comparison to the world: 53

HIV/AIDS - deaths [time series]

fewer than 1,000 (2007 est.) country comparison to the world: 76

HIV/AIDS - people living with HIV/AIDS [time series]

20,000 (2007 est.) country comparison to the world: 79

Infant mortality rate [time series]

total: 11.97 deaths/1,000 live births country comparison to the world: 139 male: 12.75 deaths/1,000 live births female: 11.15 deaths/1,000 live births (2010 est.)

Languages [time series]

Spanish (official), English 14%; note - many Panamanians bilingual

Life expectancy at birth [time series]

total population: 77.61 years country comparison to the world: 54 male: 74.85 years female: 80.5 years (2010 est.)

Literacy [time series]

definition: age 15 and over can read and write total population: 91.9% male: 92.5% female: 91.2% (2000 census)

Major infectious diseases [time series]

degree of risk: intermediate food or waterborne diseases: bacterial diarrhea vectorborne disease: dengue fever and malaria (2009)

Median age [time series]

total: 27.2 years male: 26.9 years female: 27.6 years (2010 est.)

Nationality [time series]

noun: Panamanian(s) adjective: Panamanian

Net migration rate [time series]

-0.46 migrant(s)/1,000 population (2010 est.) country comparison to the world: 140

Population [time series]

3,410,676 (July 2010 est.) country comparison to the world: 132

Population growth rate [time series]

1.463% (2010 est.) country comparison to the world: 84

Religions [time series]

Roman Catholic 85%, Protestant 15%

School life expectancy (primary to tertiary education) [time series]

total: 14 years male: 13 years female: 14 years (2007)

Sex ratio [time series]

at birth: 1.045 male(s)/female under 15 years: 1.04 male(s)/female 15-64 years: 1.02 male(s)/female 65 years and over: 0.87 male(s)/female total population: 1.02 male(s)/female (2010 est.)

Total fertility rate [time series]

2.48 children born/woman (2010 est.) country comparison to the world: 89

Urbanization [time series]

urban population: 73% of total population (2008) rate of urbanization: 2.7% annual rate of change (2005-10 est.)

Transnational Issues

Disputes - international [time series]

organized illegal narcotics operations in Colombia operate within the remote border region with Panama

Illicit drugs [time series]

major cocaine transshipment point and primary money-laundering center for narcotics revenue; money-laundering activity is especially heavy in the Colon Free Zone; offshore financial center; negligible signs of coca cultivation; monitoring of financial transactions is improving; official corruption remains a major problem

Transportation

Airports [time series]

118 (2010) country comparison to the world: 52

Airports - with paved runways [time series]

total: 54 over 3,047 m: 1 2,438 to 3,047 m: 1 1,524 to 2,437 m: 5 914 to 1,523 m: 17 under 914 m: 30 (2010)

Airports - with unpaved runways [time series]

total: 64 1,524 to 2,437 m: 1 914 to 1,523 m: 11 under 914 m: 52 (2010)

Heliports [time series]

3 (2010)

Merchant marine [time series]

total: 6,379 country comparison to the world: 1 by type: barge carrier 1, bulk carrier 2,383, cargo 1,129, carrier 18, chemical tanker 626, combination ore/oil 3, container 751, liquefied gas 192, passenger 42, passenger/cargo 61, petroleum tanker 576, refrigerated cargo 212, roll on/roll off 100, specialized tanker 3, vehicle carrier 282 foreign-owned: 5,244 (Albania 3, Argentina 7, Australia 5, Azerbaijan 1, Bahamas 7, Bangladesh 3, Belgium 2, Bermuda 15, Brazil 3, Bulgaria 6, Burma 3, Canada 5, Chile 17, China 574, Colombia 2, Croatia 2, Cuba 4, Cyprus 8, Denmark 46, Ecuador 6, Egypt 11, Finland 2, France 13, Gabon 1, Germany 27, Gibraltar 1, Greece 402, Hong Kong 125, India 17, Indonesia 14, Iran 5, Ireland 1, Isle of Man 11, Israel 1, Italy 23, Japan 2347, Jordan 13, Kuwait 12, Latvia 4, Lebanon 2, Lithuania 4, Luxembourg 1, Malaysia 12, Maldives 3, Malta 2, Mexico 6, Monaco 14, Morocco 1, Netherlands 8, Nigeria 7, Norway 89, Oman 8, Pakistan 5, Peru 12, Philippines 6, Poland 3, Portugal 9, Qatar 1, Romania 2, Russia 39, Saudi Arabia 8, Singapore 79, South Korea 366, Spain 40, Sweden 1, Switzerland 22, Syria 42, Taiwan 337, Tanzania 2, Thailand 6, Tunisia 1, Turkey 79, UAE 83, UK 33, Ukraine 11, US 102, Venezuela 8, Vietnam 37, Yemen 4) registered in other countries: 1 (Honduras 1) (2010)

Ports (Ports and terminals) [time series]

Balboa, Colon, Cristobal

Railways [time series]

total: 76 km country comparison to the world: 127 standard gauge: 76 km 1.435-m gauge (2008)

Roadways [time series]

total: 11,978 km country comparison to the world: 130 paved: 4,300 km unpaved: 7,678 km (2002)

Waterways [time series]

800 km (includes the 82-km Panama Canal that is being widened) (2010) country comparison to the world: 72