Source
Central bank

N/A

International Reserves

USD 3.8 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 59.3 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 100.6 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
8.5% 12.1% 8.6% 1.6% 5.8% 11.8% 9.2%
2013 2014 2015 2016* 2017*    
6.6% 6.1% 5.8% 5.2% 5.8%    

*Estimate

GDP per capita - current prices

USD 14,228.5 (2017, estimate)

GDP per capita - PPP

Intl$ 24,144.8 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.05% 0.04% 0.05% 0.06% 0.08%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2.7% 
  • industry: 14.3% 
  • services: 83%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
4.0% 2.6% 0.1% 0.7% 1.5%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
4.1% 4.8% 5.1% 5.1% 5.1%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2013 2013 2015 2016* 2017*
35% 37.1% 38.8% 39% 38.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2013 2015 2016* 2017*
-2.3% -3.3% -2.3% -2.5% -1.7%

*Estimate

Government bond ratings

Standard & Poor's: BBB

Moody's: Baa2

Standard & Poor's / Moody's (Updated as of January 24th 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -2.9 billion (2017 estimate)

Current account balance by percentage of GDP

-4.9% (2017 estimate)

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

53.6% (2014)

Shares in world total merchandising export

0.07% (2015)

Shares in world total commercial services export

0.2% (2015)

Total exports

USD 15.2 billion (2016 estimate)

Export commodities

Fruit and nuts, fish, iron and steel waste, wood

Total imports

USD 22.1 billion (2016 estimate)

 
 
Source
Import commodities

Fuels, machinery, vehicles, iron and steel rods, pharmaceuticals

Exports - major partners

US 19.7%, Germany 13.2%, Costa Rica 7.7%, China 5.9%, Netherlands 4.1% (2015)

Imports - major partners

US 25.9%, China 9.6%, Mexico 5.1% (2015)

FDI inflows
2013 2014 2015
USD 3,943 million USD 4,309 million USD 5,039 million
FDI outflows
2013 2014 2015
USD 331 million USD 329 million USD 528 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 17.7 million USD -389.8 million USD 519.3 million USD 107.9 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

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

Overall ranking: 70 out of 190 countries (2017)

Subcategories:

Starting a business: 43 out of 190 countries

Enforcing Contracts: 145 out of 190 countries

Registering Property: 84 out of 190 countries

Getting Credit: 20 out of 190 countries

Protecting Minority Investors: 70 out of 190 countries

Trading Across Borders: 53 out of 190 countries

Paying Taxes: 170 out of 190 countries

Dealing with Construction Permits: 73 out of 190 countries

Getting Electricity: 23 out of 190 countries

Resolving Insolvency: 133 out of 190 countries

Global competitiveness ranking

42 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 66 / Score: 64.8 (Moderately free) (2016) 

(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

Presidential republic

Languages

Spanish (official), indigenous languages (including Ngabere (or Guaymi), Buglere, Kuna, Embera, Wounaan, Naso (or Teribe), and Bri Bri), Panamanian English Creole (similar to Jamaican English Creole; a mixture of English and Spanish with elements of Ngabere; also known as Guari Guari and Colon Creole), English, Chinese (Yue and Hakka), Arabic, French Creole, other (Yiddish, Hebrew, Korean, Japanese)

Religions

Roman Catholic 85%, Protestant 15%

Total population
1990 2000 2010 2016* 2021*
2.474 million 3.041 million 3.662 million 4.086 million 4.512 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
41% 50% 62% 67%
Population median age

28.9 years (2016 estimate)

Population growth rate

1.3% (2016 estimate)

Life expectancy

78.6 years (2016 estimate)

Literacy

Total population: 95%
Male: 95.7%
Female: 94.4% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

3.1% (2014 estimate)

Inequality of wealth distribution (Gini index)

50.7 (2014)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 15.56%   Mobile 174.19% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

51.21% (2015)

Mercer Cost of living index

Panama City: 81st (2016)

CO2 emissions

2.7 (2013)

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