Panama

Republic of PanamaRepublica de Panama

constitutional democracyIndependence 3 November 1903 (from Colombia

Panama as the 2009 edition of the CIA World Factbook published it: 138 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 City, UTC-5
Position9 00 N, 80 00 W
Area75,420 sq km
LocationCentral America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica
Populationas each edition published it
3.36 million July 2009 est. · 2.43m in 1990
Population growth% a year
1.503% 2009 est. · 1.98% in 1993
Median ageyears
27 years 2009 est. · 25.6 yrs in 2003
Life expectancyyears at birth
77.25 years 2009 est. · 74.56 yrs in 1993
Fertility ratechildren per woman
2.53 children per woman 2009 est. · 3.1 in 1990
Infant mortalitydeaths per 1,000 live births
12.67 deaths per 1,000 live births 2009 est. · 22 in 1990
GDP per capitaeach edition's own dollars
$11,800 2008 est. · $2,400 in 1993
GDP real growth% a year
9.2% 2008 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, 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 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.

Geography

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

20 fields

Land useshare of 75,420 sq km

arable land 7.26%permanent crops 1.95%other 90.79% (2005)irrigated 430 sq km (2003)
Area
75,420sq km
country comparison to the world: 117land: 74,340 sq kmwater: 1,080 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

Freshwater withdrawal (domestic/industrial/agricultural)

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

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, 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

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

23 fields

Age structuremale left, female right · (2009 est.)

106,934
65 and over6.8%
122,875
1,085,435
15-6463.9%
1,061,530
501,950
0-1429.3%
481,750
MaleFemale
Population
3,360,474
(July 2009 est.)country comparison to the world: 134growth rate: 1.503% (2009 est.)country comparison to the world: 87

Per 1,000 population

Birth
20.18 (2009 est.)Death
4.66 (July 2009 est.)Net migration
-0.49 (2009 est.)

Male · female

TotalMale · femaleLife expectancy years (2009 est.)77.25
74.47 · 80.16Infant mortality deaths/1,000 live births (2009 est.)12.67
13.53 · 11.77Literacy (2000 census)91.9%
92.5% · 91.2%
TotalMale · femaleMedian age years (2009 est.)27
26.6 · 27.3School life expectancy years (2006)13
13 · 14
MaleFemaleLife expectancy country comparison to the world: 59 · Infant mortality country comparison to the world: 139 · Literacy 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%
Urban population
73%of total population
(2008)rate of urbanization: 2.7% annual rate of change (2005-10 est.)
HIV/AIDS - adult prevalence rate
1%
(2007 est.)country comparison to the world: 53

Sex ratio

at birth:
1.04 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 (2009 est.)

Total fertility rate

2.53 children born/woman (2009 est.) country comparison to the world: 92

HIV/AIDS - people living with HIV/AIDS

20,000 (2007 est.) country comparison to the world: 80

HIV/AIDS - deaths

fewer than 1,000 (2007 est.) country comparison to the world: 77

Major infectious diseases

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

Nationality

noun:
Panamanian(s)
adjective:
Panamanian

Religions

Roman Catholic 85%, Protestant 15%

Languages

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

Education expenditures

3.8% of GDP (2004) country comparison to the world: 114

Government

Constitutional democracy; President Ricardo MARTINELLI Berrocal (since 1 July 2009); President Ricardo MARTINELLI Berrocal (since 1 July 2009)

18 fields

Presidential electionpercent of vote

60%
Ricardo MARTINELLI Berrocal 60%Balbina HERRERA 38%Guillermo ENDARA Galimany 2%election last held 3 May 2009 (next to be held in 2014)

National Assembly or Asamblea Nacional, 71 seats, elected 3 May 2009one dot, one seat

PRD 26Panamenista 22CD 14PU 4Independent 2MOLIRENA 2PP 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 City
geographic coordinates:
8 58 N, 79 32 W
time difference:
UTC-5 (same time as Washington, DC during Standard Time)

Administrative divisions

  • 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

Independence

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

National holiday

Independence Day, 3 November (1903)

Constitution

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

Suffrage

18 years of age; universal and compulsory

Executive branch

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
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 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 - PRD (Democratic Revolutionary Party), PP (Popular Party)

Legislative branch

unicameral National Assembly or Asamblea Nacional (71 seats; members are elected by popular vote to serve five-year terms)

elections:
last held 3 May 2009 (next to be held May 2014)
election results:
percent of vote by party - NA; seats by party - PRD 26, Panamenista 22, CD 14, PU 4, Independent 2, MOLIRENA 2, 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 [Martin TORRIJOS Espino];
  • Nationalist Republican Liberal Movement or MOLIRENA [Sergio GONZALEZ-Ruiz];
  • Panamenista Party [Juan Carlos VARELA] (formerly the Arnulfista Party);
  • Patriotic Union Party or UP (combination of the Liberal National Party or PLN and the Solidarity Party or PS)[Guillermo "Billy" FORD and Anibal GALINDO];
  • Popular Party or PP [Rene ORILLAC] (formerly Christian Democratic Party or PDC)

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

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, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO

Diplomatic representation in the US

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

Diplomatic representation from the US

chief of mission:
Ambassador Barbara J. STEPHENSON
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

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

50 fields
GDP, purchasing power parity
$38.92billion
(2008 est.)country comparison to the world: 99$35.64 billion (2007 est.) · $31.96 billion (2006 est.)note: data are in 2008 US dollarsofficial exchange rate: $23.09 billion (2008 est.)
GDP per capita, PPP
$11,800
(2008 est.)country comparison to the world: 94$10,900 (2007 est.) · $10,000 (2006 est.)note: data are in 2008 US dollars
Real growth rate
9.2%
(2008 est.)country comparison to the world: 1611.5% (2007 est.) · 8.5% (2006 est.)industrial production growth: 14.2% (2008 est.)country comparison to the world: 2
Inflation, consumer prices
8.8%
(2008 est.)country comparison to the world: 1374.2% (2007 est.)

GDP - composition by sector(2008 est.)

agriculture 6.4%industry 17.2%services 76.4% (2008 est.)

Trading partnersexports left, imports right

39.2%
US
29.6%
10.7%
Netherlands
5.8%
Costa Rica
5%
5.4%
Sweden
5.4%
UK
5%
Spain
4.1%
China
5%
Japan
4.2%
Exports $10.29 billion (2008 est.)Imports $15 billion (2008 est.)(2008)

Budget

Revenues
$6.02 billionExpenditures
$5.923 billion (2008 est.)

Electricity

Electricity production
6.322 billion (2007 est.)Electricity consumption
5.17 billion (2007 est.)Electricity exports
124.9 million (2007 est.)Electricity imports
8.74 million (2007 est.)

Economy - overview

Panama's dollarized economy rests primarily on a well-developed services sector that accounts for 80% 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 high unemployment rate.

Strong economic performance has reduced the national poverty level to 29% in 2008; however, Panama has the second most unequal income distribution in Latin America. The government has implemented tax reforms, as well as social security reforms, and backs regional trade agreements and development of tourism.

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

1.392 million country comparison to the world: 131 note: shortage of skilled labor, but an oversupply of unskilled labor (2008 est.)

Labor force - by occupation

agriculture:
15%
industry:
18%
services:
67% (2006)

Unemployment rate

5.6% (2008 est.) · 6.4% (2007 est.) country comparison to the world: 68

Household income or consumption by percentage share

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

Distribution of family income - Gini index

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

Investment (gross fixed)

25.7% of GDP (2008 est.) country comparison to the world: 47

Public debt

45% of GDP (2008 est.) · 69.2% of GDP (2004 est.) country comparison to the world: 45

Commercial bank prime lending rate

8.16% (31 December 2008) · 8.25% (31 December 2007) country comparison to the world: 103

Stock of money

$3.764 billion (31 December 2008) · $3.054 billion (31 December 2007) country comparison to the world: 61

Stock of quasi money

$15.84 billion (31 December 2008) · $14.26 billion (31 December 2007) country comparison to the world: 44

Stock of domestic credit

$19.8 billion (31 December 2008) · $17.4 billion (31 December 2007) country comparison to the world: 59

Market value of publicly traded shares

$6.568 billion (31 December 2008) · $6.219 billion (31 December 2007) · $5.716 billion (31 December 2006) country comparison to the world: 80

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 (2008 est.) country comparison to the world: 141

Oil - consumption

94,000 bbl/day (2008 est.) country comparison to the world: 77

Oil - exports

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

Oil - imports

87,100 bbl/day (2007 est.) country comparison to the world: 71

Oil - proved reserves

0 bbl (1 January 2009 est.) country comparison to the world: 144

Natural gas - production

0 cu m (2008 est.) country comparison to the world: 142

Natural gas - consumption

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

Natural gas - exports

0 cu m (2008) country comparison to the world: 133

Natural gas - imports

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

Natural gas - proved reserves

0 cu m (1 January 2009 est.) country comparison to the world: 146

Current account balance

-$2.792 billion (2008 est.) · -$1.422 billion (2007 est.) country comparison to the world: 146

Exports

$10.29 billion (2008 est.) · $9.338 billion (2007 est.) country comparison to the world: 86 note: includes the Colon Free Zone

Exports - commodities

bananas, shrimp, sugar, coffee, clothing

Imports

$15 billion (2008 est.) · $12.52 billion (2007 est.) country comparison to the world: 82 note: includes the Colon Free Zone

Imports - commodities

capital goods, foodstuffs, consumer goods, chemicals

Reserves of foreign exchange and gold

$2.693 billion (31 December 2008 est.) · $1.935 billion (31 December 2007 est.) country comparison to the world: 97

Debt - external

$11.26 billion (31 December 2008 est.) · $10.45 billion (31 December 2007 est.) country comparison to the world: 82

Exchange rates

balboas (PAB) per US dollar - 1 (2008 est.), 1 (2007), 1 (2006), 1 (2005), 1 (2004) note: the US dollar is the legal currency

Communications

8 fields
Mobile cellular
3.805 million
(2008)
Internet users
8,067
(2009)
Fixed lines
495,800
(2008) · country code .pa

Telephone system

general assessment:
domestic and international facilities well developed
domestic:
mobile-cellular telephone subscribership has increased rapidly with combined fixed and mobile-cellular teledensity reaching 130 per 100 persons in 2008
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)

Radio broadcast stations

AM 101, FM 134, shortwave 0 (1998)

Television broadcast stations

38 (including repeaters) (1998)

Internet users

934,500 (2008) country comparison to the world: 92

Transportation

9 fields

Merchant marine, 6,323 ships by type

barge carrier 2bulk carrier 2,143cargo 1,208carrier 13chemical tanker 565combination ore/oil 6container 790liquefied gas 189passenger 44passenger/cargo 71petroleum tanker 557refrigerated cargo 265roll on/roll off 128specialized tanker 29vehicle carrier 313foreign-owned: 5,394 (Albania 2, Argentina 8, Australia 4, Azerbaijan 1, Bahamas 9, Bangladesh 2, Belgium 2, British Virgin Islands 1, Bulgaria 3, Burma 1, Canada 18, Chile 12, China 532, Colombia 4, Croatia 3, Cuba 10, Cyprus 19, Denmark 40, Dominican Republic 1, Ecuador 4, Egypt 17, Estonia 5, Finland 2, France 5, Gabon 1, Germany 44, Gibraltar 1, Greece 510, Hong Kong 130, India 27, Indonesia 31, Iran 7, Israel 3, Italy 28, Japan 2,335, Jordan 13, North Korea 1, South Korea 303, Kuwait 2, Latvia 8, Lebanon 5, Lithuania 7, Malaysia 12, Maldives 1, Malta 3, Mexico 2, Monaco 16, Netherlands 14, Nigeria 10, Norway 89, Oman 2, Pakistan 9, Peru 16, Philippines 7, Poland 11, Portugal 9, Qatar 1, Romania 7, Russia 18, Saudi Arabia 16, Singapore 100, Spain 50, Sri Lanka 1, Sweden 6, Switzerland 25, Syria 32, Taiwan 320, Thailand 10, Tunisia 1, Turkey 94, Turks and Caicos Islands 1, Ukraine 10, UAE 109, UK 59, US 126, Venezuela 10, Vietnam 30, Yemen 6) · registered in other countries: 3 (Marshall Islands 1, Sierra Leone 1, Venezuela 1) (2008)

Airports by runway lengthpaved only

over 3,047 m
1under 914 m
30

Airports by runway lengthunpaved only

under 914 m
51

Networkskm

Roadways
11,978Railways
76Waterways
800 (2008)
Roadways: paved: 4,300 km · unpaved: 7,678 km (2002) · Railways: standard gauge: 76 km 1.435-m gauge (2008) · Waterways: (includes 82 km Panama Canal)

Airports

117 (2009) country comparison to the world: 52

Heliports

3 (2009)

Railways

total:
76 km

country comparison to the world: 128

standard gauge:
76 km 1.435-m gauge (2008)

Roadways

total:
11,978 km

country comparison to the world: 132

paved:
4,300 km
unpaved:
7,678 km (2002)

Waterways

800 km (includes 82 km Panama Canal) (2008) country comparison to the world: 72

Ports and terminals

Balboa, Colon, Cristobal

Military

No regular military forces; Panamanian public forces include: Panamanian National Police (PNP), National Air-Naval Service (SENAN), National Border Service (SENAFRONT) (2009)

6 fields
Military expenditures
1%of GDP
(2006)country comparison to the world: 138

Military branches

no regular military forces; Panamanian public forces include: Panamanian National Police (PNP), National Air-Naval Service (SENAN), National Border Service (SENAFRONT) (2009)

Manpower available for military service

males age 16-49: 851,044 (2008 est.)

Manpower fit for military service

males age 16-49:
705,160
females age 16-49:
710,521 (2009 est.)

Manpower reaching militarily significant age annually

male:
31,089
female:
29,939 (2009 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

3 fields

Disputes - international

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

Trafficking in persons

current situation:
  • Panama is a source, transit, and destination country for women and children trafficked for the purpose of commercial sexual exploitation;
  • the majority of victims are Panamanian women and children trafficked within the country into the sex trade;
  • rural children in Panama may be trafficked internally to urban areas for labor exploitation
tier rating:
Tier 2 Watch List - Panama is on the Tier 2 Watch List for failing to show evidence of increasing efforts to combat human trafficking, particularly with respect to prosecuting, convicting, and sentencing human traffickers for their crimes, and for failing to provide adequate victim assistance (2008)

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 2009. Archived by The Factbook, thefactbook.org/panama/2009.