Panama

Republic of PanamaRepublica de Panama

constitutional democracyIndependence 3 November 1903 (from Colombia

Panama as the 2007 edition of the CIA World Factbook published it: 127 fields, one of 36 editions from 1990 to 2025.

field in that editiontext changed from the edition beforenot in that editionthe open editionEach field below ends in its editions, 1990 to 2025. Point at a year above to follow it down.

CapitalPanama, UTC-5
Position9 00 N, 80 00 W
Area78,200 sq km
LocationCentral America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica
Populationas each edition published it
3.24 million July 2007 est. · 2.43m in 1990
Population growth% a year
1.564% 2007 est. · 1.98% in 1993
Median ageyears
26.4 years 2007 est. · 25.6 yrs in 2003
Life expectancyyears at birth
75.19 years 2007 est. · 74.56 yrs in 1993
Fertility ratechildren per woman
2.66 children per woman 2007 est. · 3.1 in 1990
Infant mortalitydeaths per 1,000 live births
15.96 deaths per 1,000 live births 2007 est. · 22 in 1990
GDP per capitaeach edition's own dollars
$8,200 2006 est. · $2,400 in 1993
GDP real growth% a year
8.1% 2006 est. · 8% in 1993

Introduction

1 field

Background

Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Colombia, Venezuela, and Ecuador - 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 to expand the Canal. The project, which is to begin in 2007 and could double the Canal's capacity, is expected to be completed in 2014-15.

Geography

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

18 fields

Land useshare of 78,200 sq km

arable land 7.26%permanent crops 1.95%other 90.79% (2005)irrigated 430 sq km (2003)
Area
78,200sq km
land: 75,990 sq kmwater: 2,210 sq kmslightly smaller than South Carolina
Coastline
2,490km
territorial sea: 12 nmcontiguous zone: 24 nmexclusive economic zone: 200 nm or edge of continental margin
Highest point
3,475m
Volcan Barulowest point: Pacific Ocean 0 m
Land boundaries
555km
border countries: Colombia 225 km, Costa Rica 330 km

Location

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

Geographic coordinates

9 00 N, 80 00 W

Map references

Central America and the Caribbean

Climate

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

Terrain

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

Natural resources

copper, mahogany forests, shrimp, hydropower

Natural hazards

occasional severe storms and forest fires in the Darien area

Environment - current issues

  • 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

Environment - international agreements

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

Geography - note

  • 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

People

19 fields

Age structuremale left, female right · (2007 est.)

97,365
65 and over6.4%
111,161
1,044,139
15-6463.6%
1,016,805
496,195
0-1430%
476,508
MaleFemale
Population
3,242,173
(July 2007 est.)growth rate: 1.564% (2007 est.)

Per 1,000 population(2007 est.)

Birth
21.45Death
5.44Net migration
-0.37

Male · female

TotalMale · femaleLife expectancy years (2007 est.)75.19
72.69 · 77.8Infant mortality deaths/1,000 live births (2007 est.)15.96
17.33 · 14.54
TotalMale · femaleLiteracy (2000 census)91.9%
92.5% · 91.2%Median age years (2007 est.)26.4
26 · 26.7
MaleFemaleLiteracy definition: age 15 and over can read and write

Ethnic groups

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

Sex ratio

at birth:
1.05 male(s)/female
under 15 years:
1.041 male(s)/female
15-64 years:
1.027 male(s)/female
65 years and over:
0.876 male(s)/female
total population:
1.021 male(s)/female (2007 est.)

Total fertility rate

2.66 children born/woman (2007 est.)

HIV/AIDS - deaths

less than 500 (2003 est.)

Nationality

noun:
Panamanian(s)
adjective:
Panamanian

Religions

Roman Catholic 85%, Protestant 15%

Languages

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

Government

Constitutional democracy; President Martin TORRIJOS Espino (since 1 September 2004); President Martin TORRIJOS Espino (since 1 September 2004)

18 fields

Presidential electionpercent of vote

47.5%
Martin TORRIJOS Espino 47.5%Guillermo ENDARA Galimany 30.6%Jose Miguel ALEMAN 17%Ricardo MARTINELLI 4.9%election last held 2 May 2004 (next to be held on 3 May 2009)

National Assembly or Asamblea Nacional, 78 seats, elected 2 May 2004one dot, one seat

PRD 41PA 17PS 9MOLIRENA 4CD 3PLN 3PP 1

Country name

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

Government type

constitutional democracy

Capital

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

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

Independence

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

National holiday

Independence Day, 3 November (1903)

Constitution

11 October 1972; major reforms adopted 1978, 1983, 1994, and 2004

Suffrage

18 years of age; universal and compulsory

Executive branch

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)
cabinet:
Cabinet appointed by the president
elections:
  • president and vice presidents elected on the same ticket by popular vote for five-year terms (eligible for two more terms);
  • election last held 2 May 2004 (next to be held on 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)

Legislative branch

  • unicameral National 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 41, PA 17, PS 9, MOLIRENA 4, CD 3, PLN 3, PP 1

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

Judicial branch

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

Political parties and leaders

  • Democratic Change or CD [Ricardo MARTINELLI];
  • Democratic Revolutionary Party or PRD [Hugo GUIRAUD];
  • Liberal Party or PLN [Joaquin F. Franco VASQUEZ];
  • Nationalist Republican Liberal Movement or MOLIRENA [Gisela CHUNG];
  • Panamenista Party or PA [Juan Carlos VARELA] (formerly the Arnulfista Party);
  • Patriotic Union Party or PUP [Jose Raul MULINO and Anibal GALINDO];
  • Popular Party or PP [Rene ORILLAC] (formerly Christian Democratic Party or PDC);
  • Solidarity Party or PS

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

International organization participation

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, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO

Diplomatic representation in the US

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

Diplomatic representation from the US

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

Flag description

  • 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

Economy

46 fields
GDP, purchasing power parity
$26.16billion
(2006 est.)official exchange rate: $16.47 billion (2006 est.)
GDP per capita, PPP
$8,200
(2006 est.)
Real growth rate
8.1%
(2006 est.)industrial production growth: 3% (2006 est.)

GDP - composition by sector(2006 est.)

agriculture 7.3%industry 16.5%services 76.3% (2006 est.)

Trading partnersexports left, imports right

39.8%
US
27%
Netherlands Antilles
10.1%
8.1%
Spain
6.7%
Netherlands
5.6%
Sweden
4.5%
Costa Rica
5.1%
Japan
4.7%
Exports $8.509 billion f.o.b. ; note - includes the Colon Free Zone (2006 est.)Imports $10.31 billion f.o.b. (includes the Colon Free Zone) (2006 est.)(2006)

Budget

Revenues
$4.283 billionExpenditures
$4.195 billion (2006 est.)

Electricity

Electricity production
5.661 billion (2005)Electricity consumption
4.735 billion (2005)Electricity exports
51 million (2005)Electricity imports
55 million (2005)

Economy - overview

Panama's dollarized 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 2004-06 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.

In October 2006, voters passed a referendum to expand the Panama Canal to accommodate ships that are now too large to transverse the transoceanic crossway. 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.

Labor force

1.439 million note: shortage of skilled labor, but an oversupply of unskilled labor (2006 est.)

Labor force - by occupation

agriculture:
20.8%
industry:
18%
services:
61.2% (1995 est.)

Unemployment rate

8.8% (2006 est.)

Household income or consumption by percentage share

lowest 10%:
0.7%
highest 10%:
43% (2003)

Investment (gross fixed)

15.3% of GDP (2006 est.)

Public debt

58.4% of GDP (2006 est.)

Agriculture - products

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

Industries

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

Oil - production

0 bbl/day (2004 est.)

Oil - consumption

79,000 bbl/day (2004 est.)

Oil - exports

NA bbl/day

Oil - imports

NA bbl/day

Oil - proved reserves

0 bbl (1 January 2006)

Natural gas - production

0 cu m (2005 est.)

Natural gas - consumption

0 cu m (2005 est.)

Current account balance

$-378.2 million (2006 est.)

Exports

$8.509 billion f.o.b.; note - includes the Colon Free Zone (2006 est.)

Exports - commodities

bananas, shrimp, sugar, coffee, clothing

Imports

$10.31 billion f.o.b. (includes the Colon Free Zone) (2006 est.)

Imports - commodities

capital goods, foodstuffs, consumer goods, chemicals

Economic aid - recipient

$19.54 million (2005)

Reserves of foreign exchange and gold

$1.335 billion (2006 est.)

Debt - external

$9.972 billion (2006 est.)

Currency (code)

balboa (PAB); US dollar (USD)

Exchange rates

balboas per US dollar - 1 (2006), 1 (2005), 1 (2004), 1 (2003), 1 (2002)

Fiscal year

calendar year

Communications

8 fields
Mobile cellular
1.694 million
(2005)
Internet users
7,078
(2007)
Fixed lines
432,900
(2006) · country code .pa

Telephone system

general assessment:
domestic and international facilities well developed
domestic:
NA
international:
  • country code - 507;
  • 1 coaxial submarine cable;
  • satellite earth stations - 2 Intelsat (Atlantic Ocean);
  • connected to the Central American Microwave System

Radio broadcast stations

AM 101, FM 134, shortwave 0 (1998)

Television broadcast stations

38 (including repeaters) (1998)

Internet users

220,000 (2006)

Transportation

9 fields

Airports by runway lengthpaved left, unpaved right

1
over 3,047 m
1
2,438 to 3,047 m
5
1,524 to 2,437 m
1
18
914 to 1,523 m
11
29
under 914 m
50
Paved 54Unpaved 62

Networkskm

Roadways
11,643Railways
355Waterways
800 (2007)
Roadways: paved: 4,028 km · unpaved: 7,615 km (2000) · Railways: standard gauge: 77 km 1.435-m gauge · narrow gauge: 278 km 0.914-m gauge (2006) · Waterways: (includes 82 km Panama Canal)

Airports

116 (2007)

Heliports

2 (2007)

Railways

total:
355 km
standard gauge:
77 km 1.435-m gauge
narrow gauge:
278 km 0.914-m gauge (2006)

Roadways

total:
11,643 km
paved:
4,028 km
unpaved:
7,615 km (2000)

Waterways

800 km (includes 82 km Panama Canal) (2007)

Merchant marine

total:
5,764 ships (1000 GRT or over) 159,649,801 GRT/240,190,316 DWT
by type:
barge carrier 2, bulk carrier 1,940, cargo 1,034, carrier 3, chemical tanker 507, combination ore/oil 6, container 710, liquefied gas 191, livestock carrier 7, passenger 46, passenger/cargo 72, petroleum tanker 522, refrigerated cargo 288, roll on/roll off 129, specialized tanker 22, vehicle carrier 285
foreign-owned:
4,949 (Albania 1, Argentina 8, Australia 4, Bahamas 2, Bangladesh 1, Belgium 11, Bulgaria 1, Canada 17, Chile 8, China 473, Colombia 4, Croatia 6, Cuba 11, Cyprus 15, Denmark 32, Dominican Republic 1, Ecuador 2, Egypt 13, Estonia 3, France 15, Gabon 1, Germany 38, Greece 505, Hong Kong 137, India 25, Indonesia 37, Iran 4, Ireland 1, Israel 2, Italy 10, Jamaica 1, Japan 2,151, Jordan 11, South Korea 316, Kuwait 1, Latvia 5, Lebanon 3, Lithuania 5, Malaysia 14, Maldives 1, Malta 2, Mexico 4, Monaco 11, Netherlands 14, Nigeria 6, Norway 60, Oman 1, Pakistan 5, Peru 15, Philippines 12, Poland 15, Portugal 9, Qatar 1, Romania 8, Russia 9, Saudi Arabia 14, Singapore 83, Spain 61, Sri Lanka 3, Sweden 9, Switzerland 26, Syria 24, Taiwan 306, Thailand 10, Turkey 53, Turks and Caicos Islands 1, Ukraine 8, UAE 108, UK 35, US 115, Venezuela 10, Vietnam 10, Yemen 5)
registered in other countries:
1 (Venezuela 1) (2007)

Ports and terminals

Balboa, Colon, Cristobal

Military

6 fields

Military branches

an amendment to the Constitution abolished the armed forces, but there are security forces (Panamanian Public Forces or PPF includes the Panamanian National Police, National Maritime Service, and National Air Service)

Manpower available for military service

males age 18-49: 751,065 (2005 est.)

Manpower fit for military service

males age 18-49: 591,604 (2005 est.)

Military - note

  • 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"

Transnational Issues

2 fields

Disputes - international

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

Illicit drugs

  • 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

Cite this entry

Central Intelligence Agency. “Panama.” The World Factbook 2007. Archived by The Factbook, thefactbook.org/panama/2007.