Panamá

Official Name:

Republic of Panama (Panama)

Area:

78.200 km ²

Population (2007):

3.242.173 inhabitants

Coastline:

2.490 km

Capital:

Panama

Maritime Ports and terminals:

Balboa, Cristóbal, Coco Solo,Manzanillo, Vacamonte

Maritime claims:

• Territorial sea: 12 nm
• Contiguous zone: 24 nm
• Continental shelf: 200 nm or edge of continental margin

Political divisions:

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

Language(s):

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

National holiday:

Independence Day, 3 November (1903)

Nationality:

Panamanian(s)

Official time:

UTC-5.

Member of:

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

Internet country code:

.pa

Economic Profile

Currency:

Balboa (PAB); US dollar (USD)

GDP - per capita (PPP):

USD8.200 (2006 est.)

GDP (official exchange rate):

(2006 est.) USD 16.470.000.000

PIB (Real growth rate:

8,1% (2006 est.)

GDP (Composition by sector): (2006 est.)

• Agriculture: 7,2%
• Industry: 16,4%
• Services: 76,4%

Labor force:

1.441.000 (2006 est.)

Labor force - by occupation (1995):

• Agriculture 20,8%
• Industry: 18%
• Services 61,2%

Unemployment rate:

8,8% (2006 est.)

Inflation rate (Consumer prices):

2,6% (2006 est)

Investment (Gross Fixed):

17,5% del PIB (2006 est.)

Budget:

• Revenues: USD4.157.000.000
• Expenditures: USD4.489.000.000

Public debt:

61,3% of GDP (2006 est.)

Current account balance:

USD -467.000.000 (2006 est.)

Exports:

USD 8.087.000.000 FOB (2006 est.)

Exports - Commodities:

Bananas, shrimp, sugar, coffee, clothing

Exports - Partners:

US 44,9%, Spain 8,9%, Sweden 5,6%, Netherlands 4,9%, Costa Rica 4% (2005)

Imports:

USD 9.365.000.000 FOB (2006 est.)

Imports - Commodities:

Capital goods, foodstuffs, consumer goods, chemicals

Imports - partners:

US 27,5%, Netherlands Antilles 11,4%, Costa Rica 4,7%, Japan 4,5% (2005)

Reserves of foreign exchange and gold:

USD 1.236.000.000 (2006 est.)

Debt - external:

USD 9.993.000.000 (2006 est.)