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 Panama (2005)Panama (2004)
 PanamaPanama
Administrative 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 9 provinces (provincias, singular - provincia) and 1 territory* (comarca); Bocas del Toro, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, San Blas*, and Veraguas
Age structure 0-14 years: 29.8% (male 460,840/female 443,359)


15-64 years: 63.9% (male 984,558/female 956,748)


65 years and over: 6.4% (male 91,383/female 102,262) (2005 est.)
0-14 years: 30.2% (male 461,427; female 443,932)


15-64 years: 63.6% (male 967,490; female 940,344)


65 years and over: 6.2% (male 88,611; female 98,659) (2004 est.)
Airports 105 (2004 est.) 103 (2003 est.)
Birth rate 19.96 births/1,000 population (2005 est.) 20.36 births/1,000 population (2004 est.)
Budget revenues: $3.095 billion


expenditures: $3.737 billion, including capital expenditures of $471 million (2004 est.)
revenues: $2.995 billion


expenditures: $3.421 billion, including capital expenditures of $471 million (2003 est.)
Currency - balboa (PAB); US dollar (USD)
Death rate 6.54 deaths/1,000 population (2005 est.) 6.39 deaths/1,000 population (2004 est.)
Debt - external $8.78 billion (2004 est.) $8.834 billion (2003 est.)
Disputes - international organized illegal narcotics operations in Colombia operate within the border region with Panama none
Economy - overview Panama's dollarised economy rests primarily on a well-developed services sector that accounts for four-fifths of GDP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. A slump in 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 led by export-oriented services and a construction boom stimulated by tax incentives. The government has been backing tax reforms, reform of the social security program, new regional trade agreements, and development of tourism. Unemployment remains high. 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 Colon Free Zone and agricultural exports, the global slowdown, and the withdrawal of US military forces held back economic growth in 2000-03. The government has been backing public works programs, tax reforms, new regional trade agreements, and development of tourism in order to stimulate growth. Unemployment remains at an unacceptably high level.
Electricity - consumption 4.473 billion kWh (2002) 3.681 billion kWh (2001)
Electricity - exports 120 million kWh (2002) 118 million kWh (2001)
Electricity - imports 61 million kWh (2002) 43 million kWh (2001)
Electricity - production 4.873 billion kWh (2002) 4.039 billion kWh (2001)
Exchange rates balboas per US dollar - 1 (2004), 1 (2003), 1 (2002), 1 (2001), 1 (2000) balboas per US dollar - 1 (2003), 1 (2002), 1 (2001), 1 (2000), 1 (1999)
Exports NA NA (2001)
Exports - partners US 50.5%, Sweden 6.6%, Spain 5.1%, Netherlands 4.4%, Costa Rica 4.2% (2004) US 13.9%, Nigeria 9.8%, Germany 8.1%, South Korea 7.8%, Peru 5.1%, Costa Rica 4.9%, Belgium 4.8%, Japan 4.5% (2003)
GDP - purchasing power parity - $18.78 billion (2003 est.)
GDP - composition by sector agriculture: 7.2%


industry: 13%


services: 79.8% (2004 est.)
agriculture: 8.3%


industry: 14.7%


services: 77.1% (2003 est.)
GDP - per capita purchasing power parity - $6,900 (2004 est.) purchasing power parity - $6,300 (2003 est.)
GDP - real growth rate 6% (2004 est.) 4.1% (2003 est.)
Highways total: 11,643 km


paved: 4,028 km (including 30 km of expressways)


unpaved: 7,615 km (2000 est.)
total: 11,400 km


paved: 3,944 km (including 30 km of expressways)


unpaved: 7,456 km (1999)
Imports NA NA (2001)
Imports - commodities capital goods, foodstuffs, consumer goods, chemicals capital goods, crude oil, foodstuffs, consumer goods, chemicals (1999)
Imports - partners US 33.3%, Netherlands Antilles 8.1%, Japan 6%, Costa Rica 5.7%, Mexico 4.6%, Colombia 4.2% (2004) Japan 33.2%, US 11.4%, China 9.1%, South Korea 7.7%, Singapore 7.1% (2003)
Industrial production growth rate 5.4% (2004 est.) 7% (2003 est.)
Industries construction, brewing, cement and other construction materials, sugar milling construction, petroleum refining, brewing, cement and other construction materials, sugar milling
Infant mortality rate total: 20.47 deaths/1,000 live births


male: 22.59 deaths/1,000 live births


female: 18.26 deaths/1,000 live births (2005 est.)
total: 20.95 deaths/1,000 live births


male: 23.08 deaths/1,000 live births


female: 18.72 deaths/1,000 live births (2004 est.)
Inflation rate (consumer prices) 2% (2004 est.) 1.4% (2003 est.)
Labor force 1.32 million


note: shortage of skilled labor, but an oversupply of unskilled labor (2004 est.)
1.19 million


note: shortage of skilled labor, but an oversupply of unskilled labor (2003 est.)
Languages Spanish (official), English 14%; note - many Panamanians bilingual Spanish (official), English 14%


note: many Panamanians bilingual
Legislative branch 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
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, Democratic Change 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
Life expectancy at birth total population: 75.25 years


male: 72.68 years


female: 77.93 years (2005 est.)
total population: 72.14 years


male: 69.82 years


female: 74.56 years (2004 est.)
Merchant marine total: 5,005 ships (1,000 GRT or over) 122,960,929 GRT/183,615,337 DWT


by type: barge carrier 1, bulk carrier 1,548, cargo 886, chemical tanker 465, combination ore/oil 13, container 605, liquefied gas 183, livestock carrier 8, passenger 42, passenger/cargo 77, petroleum tanker 521, refrigerated cargo 298, roll on/roll off 97, specialized tanker 5, vehicle carrier 256


foreign-owned: 4,388 (Andorra 1, Argentina 9, Australia 3, Bahamas 1, Belgium 14, Brazil 1, Canada 1, Chile 14, China 310, Colombia 5, Croatia 1, Cuba 9, Cyprus 7, Denmark 13, Egypt 15, France 7, Germany 23, Greece 546, Hong Kong 159, India 8, Indonesia 46, Ireland 1, Isle of Man 2, Israel 3, Italy 8, Japan 1814, Jordan 9, Latvia 2, Lithuania 5, Malaysia 11, Maldives 1, Malta 1, Mexico 4, Monaco 8, Netherlands 22, New Zealand 1, Nigeria 6, Norway 66, Pakistan 1, Peru 13, Philippines 15, Poland 19, Portugal 8, Romania 13, Russia 4, Saudi Arabia 4, Singapore 54, South Africa 3, South Korea 292, Spain 41, Sri Lanka 1, Sudan 1, Sweden 4, Switzerland 188, Syria 7, Taiwan 301, Thailand 10, Trinidad & Tobago 1, Tunisia 1, Turkey 18, Ukraine 9, UAE 83, United Kingdom 29, United States 88, Venezuela 20, Vietnam 2, Yemen 1) (2005)
total: 4,833 ships (1,000 GRT or over) 122,960,929 GRT/183,615,337 DWT


by type: barge carrier 3, bulk 1,434, cargo 819, chemical tanker 388, combination bulk 73, combination ore/oil 18, container 613, liquefied gas 190, livestock carrier 3, multi-functional large load carrier 15, passenger 36, passenger/cargo 5, petroleum tanker 514, rail car carrier 1, refrigerated cargo 281, roll on/roll off 125, short-sea/passenger 37, specialized tanker 36, vehicle carrier 242


foreign-owned: Albania 2, Angola 1, Antigua and Barbuda 2, Argentina 7, Australia 11, Austria 1, Bahamas 3, Bangladesh 1, Belgium 5, Belize 4, Brazil 4, British Virgin Islands 8, Cambodia 2, Canada 6, Cayman Islands 1, Chile 13, China 286, Colombia 14, Croatia 3, Cuba 17, Cyprus 6, Denmark 4, Dominican Republic 1, Ecuador 1, Egypt 16, Equatorial Guinea 1, France 7, Germany 89, Greece 549, Haiti 1, Honduras 2, Hong Kong 288, India 22, Indonesia 44, Iran 1, Ireland 2, Israel 4, Italy 7, Japan 1630, Jordan 8, Kenya 1, South Korea 349, Kuwait 1, Latvia 11, Liberia 3, Lithuania 2, Luxembourg 1, Malaysia 12, Malta 1, Marshall Islands 3, Mexico 7, Monaco 29, Netherlands 14, Netherlands Antilles 1, New Zealand 1, Nigeria 6, Norway 86, Oman 1, Pakistan 1, Peru 17, Philippines 41, Poland 12, Portugal 6, Puerto Rico 3, Romania 9, Russia 8, Saint Kitts and Nevis 3, Saint Vincent and the Grenadines 6, Saudi Arabia 6, Singapore 105, South Africa 3, Spain 52, Sri Lanka 3, Sudan 1, Sweden 4, Switzerland 93, Syria 1, Taiwan 348, Thailand 14, Trinidad and Tobago 1, Turkey 12, Ukraine 2, United Kingdom 51, United States 99, Venezuela 4


registered in other countries: 85 (2004 est.)
Military expenditures - dollar figure $147 million (2004) $145 million (2003)
Military expenditures - percent of GDP 1.1% (2004) 1.2% (2003)
Military manpower - availability - males age 15-49: 810,341 (2004 est.)
Military manpower - fit for military service - males age 15-49: 553,422 (2004 est.)
Net migration rate -0.86 migrant(s)/1,000 population (2005 est.) -0.91 migrant(s)/1,000 population (2004 est.)
Political pressure groups and leaders 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 Chamber of Commerce; National Civic Crusade; National Council of Organized Workers or CONATO; National Union of Construction and Similar Workers (SUNTRACS); National Council of Private Enterprise or CONEP; Panamanian Association of Business Executives or APEDE; Panamanian Industrialists Society or SIP; Workers Confederation of the Republic of Panama or CTRP
Population 3,039,150 (July 2005 est.) 3,000,463 (July 2004 est.)
Population growth rate 1.26% (2005 est.) 1.31% (2004 est.)
Ports and harbors Balboa, Colon, Cristobal Balboa, Cristobal, Coco Solo, Manzanillo (part of Colon area), Vacamonte
Railways total: 355 km


standard gauge: 76 km 1.435-m gauge


narrow gauge: 279 km 0.914-m gauge (2004)
total: 355 km


standard gauge: 76 km 1.435-m gauge


narrow gauge: 279 km 0.914-m gauge (2003)
Sex ratio at birth: 1.04 male(s)/female


under 15 years: 1.04 male(s)/female


15-64 years: 1.03 male(s)/female


65 years and over: 0.89 male(s)/female


total population: 1.02 male(s)/female (2005 est.)
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: 0.9 male(s)/female


total population: 1.02 male(s)/female (2004 est.)
Total fertility rate 2.45 children born/woman (2005 est.) 2.49 children born/woman (2004 est.)
Unemployment rate 12.6% (2004 est.) 13.8% (2003 est.)
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