Legend:
 Definition
 Field Listing
 Rank Order
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Background:
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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. On 7 September 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of 1999. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the intervening years. 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 turned over to Panama by or on 31 December 1999.
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Location:
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Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica
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Geographic coordinates:
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9 00 N, 80 00 W
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Map references:
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Central America and the Caribbean
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Area:
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total: 78,200 sq km
land: 75,990 sq km
water: 2,210 sq km
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Area - comparative:
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slightly smaller than South Carolina
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Land boundaries:
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total: 555 km
border countries: Colombia 225 km, Costa Rica 330 km
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Coastline:
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2,490 km
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Maritime claims:
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territorial sea: 12 nm
contiguous zone: 24 nm
exclusive economic zone: 200 nm
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Climate:
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tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)
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Terrain:
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interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills
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Elevation extremes:
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lowest point: Pacific Ocean 0 m
highest point: Volcan de Chiriqui 3,475 m
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Natural resources:
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copper, mahogany forests, shrimp, hydropower
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Land use:
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arable land: 7.26%
permanent crops: 1.95%
other: 90.79% (2005)
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Irrigated land:
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430 sq km (2003)
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Natural hazards:
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occasional severe storms and forest fires in the Darien area
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Environment - current issues:
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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
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Environment - international agreements:
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party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, 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
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Geography - note:
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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
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Population:
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3,191,319 (July 2006 est.)
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Age structure:
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0-14 years: 30.3% (male 492,403/female 472,996)
15-64 years: 63.4% (male 1,025,898/female 998,926)
65 years and over: 6.3% (male 94,122/female 106,974) (2006 est.)
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Median age:
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total: 26.1 years
male: 25.8 years
female: 26.5 years (2006 est.)
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Population growth rate:
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1.6% (2006 est.)
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Birth rate:
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21.74 births/1,000 population (2006 est.)
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Death rate:
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5.36 deaths/1,000 population (2006 est.)
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Net migration rate:
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-0.4 migrant(s)/1,000 population (2006 est.)
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Sex ratio:
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at birth: 1.05 male(s)/female
under 15 years: 1.04 male(s)/female
15-64 years: 1.03 male(s)/female
65 years and over: 0.88 male(s)/female
total population: 1.02 male(s)/female (2006 est.)
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Infant mortality rate:
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total: 16.37 deaths/1,000 live births
male: 17.75 deaths/1,000 live births
female: 14.92 deaths/1,000 live births (2006 est.)
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Life expectancy at birth:
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total population: 75.22 years
male: 72.68 years
female: 77.87 years (2006 est.)
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Total fertility rate:
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2.68 children born/woman (2006 est.)
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HIV/AIDS - adult prevalence rate:
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0.9% (2003 est.)
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HIV/AIDS - people living with HIV/AIDS:
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16,000 (2003 est.)
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HIV/AIDS - deaths:
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less than 500 (2003 est.)
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Nationality:
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noun: Panamanian(s)
adjective: Panamanian
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Ethnic groups:
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mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6%
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Religions:
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Roman Catholic 85%, Protestant 15%
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Languages:
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Spanish (official), English 14%; note - many Panamanians bilingual
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Literacy:
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definition: age 15 and over can read and write
total population: 92.6%
male: 93.2%
female: 91.9% (2003 est.)
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Country name:
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conventional long form: Republic of Panama
conventional short form: Panama
local long form: Republica de Panama
local short form: Panama
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Government type:
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constitutional democracy
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Capital:
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Panama
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Administrative divisions:
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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
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Independence:
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3 November 1903 (from Colombia; became independent from Spain 28 November 1821)
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National holiday:
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Independence Day, 3 November (1903)
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Constitution:
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11 October 1972; major reforms adopted 1978, 1983, 1994, and 2004
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Legal system:
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based on civil law system; judicial review of legislative acts in the Supreme Court of Justice; accepts compulsory ICJ jurisdiction, with reservations
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Suffrage:
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18 years of age; universal and compulsory
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Executive branch:
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chief of state: President Martin TORRIJOS Espino (since 1 September 2004); First Vice President Samuel LEWIS Navarro (since 1 September 2004); Second Vice President Ruben AROSEMENA Valdes (since 1 September 2004); note - the president is both the chief of state and head of government
head of government: President Martin TORRIJOS Espino (since 1 September 2004); First Vice President Samuel LEWIS Navarro (since 1 September 2004); Second Vice President Ruben AROSEMENA Valdes (since 1 September 2004); note - the president is both the chief of state and head of government
cabinet: Cabinet appointed by the president
elections: president and vice presidents elected on the same ticket by popular vote for five-year terms; election last held 2 May 2004 (next to be held 3 May 2009); note - beginning in 2009, Panama will have only one vice president.
election results: Martin TORRIJOS Espino elected president; percent of vote - Martin TORRIJOS Espino 47.5%, Guillermo ENDARA Galimany 30.6%, Jose Miguel ALEMAN 17%, Ricardo MARTINELLI 4.9%
note: government coalition - PRD (Democratic Revolutionary Party), PP (Popular Party)
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Legislative branch:
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unicameral National Assembly (formerly called Legislative Assembly) or Asamblea Nacional (78 seats; members are elected by popular vote to serve five-year terms); note - in 2009, the number of seats will change to 71
elections: last held 2 May 2004 (next to be held 3 May 2009)
election results: percent of vote by party - NA%; seats by party - PRD 40, PA 17, PS 8, MOLIRENA 3, CD 2, PP 2, PLN 1, other 5
note: legislators from outlying rural districts are chosen on a plurality basis while districts located in more populous towns and cities elect multiple legislators by means of a proportion-based formula
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Judicial branch:
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Supreme Court of Justice or Corte Suprema de Justicia (nine judges appointed for 10-year terms); five superior courts; three courts of appeal
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Political parties and leaders:
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Democratic Change or CD [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Hugo GUIRAUD]; National Liberal Party or PLN [Anibal GALINDO]; Nationalist Republican Liberal Movement or MOLIRENA [Jesus ROSAS]; Panamenista Party or PA (formerly the Arnulfista Party) [Marco AMEGLIO]; Popular Party or PP (formerly Christian Democratic Party or PDC) [Ricardo ARIAS Calderon]; Solidarity Party or PS [Jose Raul MULINO]
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Political pressure groups and leaders:
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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
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International organization participation:
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FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITU, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO
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Diplomatic representation in the US:
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chief of mission: Ambassador Federico HUMBERT Arias
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 Francisco, San Juan (Puerto Rico), Tampa
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Diplomatic representation from the US:
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chief of mission: Ambassador William A. EATON
embassy: Avenida Balboa and Calle 37, Apartado Postal 0816-02561, Zona 5, Panama City 5
mailing address: American Embassy Panama, Unit 0945, APO AA 34002
telephone: [507] 207-7000
FAX: [507] 227-1964
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Flag description:
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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
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Economy - overview:
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Panama's dollarised economy rests primarily on a well-developed services sector that accounts for three-fourths of GDP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. A slump in the Colon Free Zone and agricultural exports, the global slowdown, and the withdrawal of US military forces held back economic growth in 2000-03; growth picked up in 2004 and 2005 led by export-oriented services and a construction boom stimulated by tax incentives. The government has implemented tax reforms, as well as social security reforms, and backs regional trade agreements and development of tourism. Unemployment remains high.
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GDP (purchasing power parity):
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$22.33 billion (2005 est.)
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GDP (official exchange rate):
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$15.11 billion (2005 est.)
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GDP - real growth rate:
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4.9% (2005 est.)
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GDP - per capita (PPP):
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$7,100 (2005 est.)
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GDP - composition by sector:
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agriculture: 7.6%
industry: 17.9%
services: 74.5% (2005 est.)
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Labor force:
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1.39 million
note: shortage of skilled labor, but an oversupply of unskilled labor (2005 est.)
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Labor force - by occupation:
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agriculture: 20.8%
industry: 18%
services: 61.2% (1995 est.)
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Unemployment rate:
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8.7% (2005 est.)
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Population below poverty line:
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37% (1999 est.)
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Household income or consumption by percentage share:
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lowest 10%: 1.2%
highest 10%: 35.7% (1997)
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Distribution of family income - Gini index:
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56.4 (2000)
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Inflation rate (consumer prices):
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2.5% (2005 est.)
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Investment (gross fixed):
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17.8% of GDP (2005 est.)
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Budget:
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revenues: $3.426 billion
expenditures: $3.959 billion; including capital expenditures of $471 million (2005 est.)
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Public debt:
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73.2% of GDP (2005 est.)
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Agriculture - products:
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bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp
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Industries:
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construction, brewing, cement and other construction materials, sugar milling
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Industrial production growth rate:
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3.5% (2005 est.)
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Electricity - production:
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5.398 billion kWh (2003)
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Electricity - consumption:
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4.87 billion kWh (2003)
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Electricity - exports:
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175 million kWh (2003)
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Electricity - imports:
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25 million kWh (2003)
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Oil - production:
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0 bbl/day (2004 est.)
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Oil - consumption:
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78,000 bbl/day (2003 est.)
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Oil - exports:
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NA bbl/day
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Oil - imports:
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NA bbl/day; note - imports oil
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Natural gas - production:
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0 cu m (2003 est.)
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Natural gas - consumption:
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0 cu m (2003 est.)
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Current account balance:
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-$559 million (2005 est.)
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Exports:
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$7.481 billion f.o.b.; note - includes the Colon Free Zone (2005 est.)
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Exports - commodities:
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bananas, shrimp, sugar, coffee, clothing
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Exports - partners:
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US 50.5%, Sweden 6.6%, Spain 5.1%, Netherlands 4.4%, Costa Rica 4.2% (2004)
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Imports:
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$8.734 billion f.o.b. (includes the Colon Free Zone) (2005 est.)
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Imports - commodities:
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capital goods, foodstuffs, consumer goods, chemicals
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Imports - partners:
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US 33.3%, Netherlands Antilles 8.1%, Japan 6%, Costa Rica 5.7%, Mexico 4.6%, Colombia 4.2% (2004)
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Reserves of foreign exchange and gold:
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$981 million (2005 est.)
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Debt - external:
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$9.859 billion (2005 est.)
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Economic aid - recipient:
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$197.1 million (1995)
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Currency (code):
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balboa (PAB); US dollar (USD)
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Exchange rates:
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balboas per US dollar - 1 (2005), 1 (2004), 1 (2003), 1 (2002), 1 (2001)
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Fiscal year:
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calendar year
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Airports:
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109 (2005)
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Airports - with paved runways:
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total: 47
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: 23 (2005)
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Airports - with unpaved runways:
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total: 62
914 to 1,523 m: 10
under 914 m: 52 (2005)
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Railways:
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total: 355 km
standard gauge: 76 km 1.435-m gauge
narrow gauge: 279 km 0.914-m gauge (2004)
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Roadways:
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total: 11,643 km
paved: 4,028 km
unpaved: 7,615 km (2000)
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Waterways:
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800 km (includes 82 km Panama Canal) (2005)
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Merchant marine:
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total: 5,254 ships (1000 GRT or over) 137,914,883 GRT/206,848,688 DWT
by type: barge carrier 27, bulk carrier 1,651, cargo 951, chemical tanker 452, combination ore/oil 11, container 625, liquefied gas 188, livestock carrier 6, passenger 46, passenger/cargo 77, petroleum tanker 516, refrigerated cargo 307, roll on/roll off 109, specialized tanker 21, vehicle carrier 267
foreign-owned: 4,688 (Argentina 9, Australia 4, The Bahamas 1, Bangladesh 1, Belgium 13, Bermuda 2, Brazil 2, Canada 3, Chile 11, China 370, Colombia 6, Croatia 4, Cuba 8, Cyprus 8, Denmark 28, Egypt 17, Estonia 3, France 8, Germany 29, Greece 536, Hong Kong 168, India 16, Indonesia 50, Iran 4, Ireland 2, Isle of Man 2, Israel 3, Italy 16, Japan 1,921, Jordan 12, South Korea 285, Kuwait 2, Latvia 4, Lebanon 1, Lithuania 6, Malaysia 13, Maldives 2, Malta 2, Marshall Islands 1, Mexico 5, Monaco 9, Netherlands 26, NZ 1, Nigeria 6, Norway 57, Pakistan 2, Peru 14, Philippines 17, Poland 19, Portugal 12, Romania 9, Russia 6, Saudi Arabia 4, Singapore 57, South Africa 3, Spain 48, Sri Lanka 6, Sudan 1, Swaziland 1, Sweden 5, Switzerland 206, Syria 9, Taiwan 302, Thailand 10, Trinidad and Tobago 1, Tunisia 1, Turkey 31, Ukraine 7, UAE 89, UK 36, US 97, Venezuela 14, Vietnam 2, Yemen 1, unknown 1) (2005)
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Ports and terminals:
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Balboa, Colon, Cristobal
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This page was last updated on 16 May, 2006
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