Source
Central bank

N/A

International Reserves

US$ 2.848 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 45 billion (2014 estimate)

GDP (Purchasing Power Parity)

67 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
4.2% 7.5% 7.2% 8.5% 12.1% 10.1% 3.9% 7.5%
2011 2012 2013 2014*        
10.9% 10.8% 8.0% 7.2%        

*Estimate

GDP per capita - current prices

US$ 11,825 (2014 estimate)

GDP per capita - PPP

$17,810 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.05% 0.04% 0.05% 0.06% 0.07%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 3.7% 
  • industry: 17.9% 
  • services: 78.4% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
5.9% 5.7% 4.0% 3.8%

*Estimate

Unemployment rate
2011 2012 2013 2014*
4.7% 4.2% 4.5% 4.5%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
44.1% 43.8%

42.6%

41.3% 4.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-1.9% -2.1% -1.5% -3.0% -3.0%

*Estimate   

Government bond ratings

Standard & Poor's: BBB

Moody's rating: Baa2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$8.348 billion US$10.68 billion US$12.54 billion

*2010 Estimate     **2012 Estimate  

Largest companies in Panama

N/A

 
 
Source
Current account balance

US$ -5.152 billion (2014 estimate)

Current account balance by percentage of GDP

-11.503% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

71% (2013)

(Data released on October 2014)

Shares in world total merchandising export

0.09% (2012)

(Data were released in March 2014 and refer to 2011)

Shares in world total commercial services export

0.2% (2012)

(Data were released in March 2014)

Total exports

US$18.870 billion (2013 estimate) 

Export commodities

gold, bananas, shrimp, sugar, iron and steel waste, pineapples, watermelons

Total imports

US$26.610 billion (2013 estimate) 

 
 
Source
Import commodities

fuel products, medicines, vehicles, iron and steel rods, cellular phones

Exports - major partners

US 20.2%, Canada 14.6%, Costa Rica 6.6%, Netherlands 5.9%, Sweden 4.8%, China 4.1%, Italy 4% (2012)

Imports - major partners

US 23.6%, China 6.4%, Costa Rica 4.6%, Mexico 4.4% (2012)

FDI inflows
2011 2012 2013
US$3,132 million US$2,887 million US$4,651 million
FDI outflows
2011 2012 2013  
US$176 million US$-274 million US$281 million  
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$53million US$462 million US$18 million US$-414 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.


Overall ranking: 55 out of 189 countries (2013)

Subcategories:

Starting a business: 25 out of 189 countries

Enforcing Contracts: 127 out of 189 countries

Registering Property: 74 out of 189 countries

Getting credit: 55 out of 189 countries

Protecting investors: 80 out of 189 countries

Trading across border: 11 out of 189 countries

Paying Taxes: 175 out of 189 countries

Dealing with Construction Permits: 62 out of 189 countries

Getting Electricity: 16 out of 189 countries

Resolving Insolvency: 112 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

48

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 71 Score: 63.4 (Moderately Free) 

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC-5

Total area

75,420 sq km

Capital

Panama City

Currency

balboas (PAB)

Government type

constitutional democracy

Languages

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

Religions

Roman Catholic 85%, Protestant 15%

Total population
1990 2000 2010 2014* 2019**
2.394 million 2.948 million 3.527 million 3.788 million 4.068 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
41.2% 50% 62% 66%
Population median age

28.3 years (2014 est.)

Population growth rate

1.35% (2014 est.)

Life expectancy

78.3 years (2014 estimate)

Adult literacy

94.1% (2010 estimate)

% of population living on less than $2 a day

8.9% (2012)

Inequality of wealth distribution (Gini index)

51.9 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 15.2%   Mobile 163.0%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)
 

Internet users as % of total population

42.90% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Panama City 145th (2014)

CO2 emissions(Metric tons of CO2 per capita)

2.6 (2010)

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2013

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