Panama

Internet country code

.pa

Internet hosts

7,129 (2003)

Internet users

120,000 (2002)

Radio broadcast stations

AM 101, FM 134, shortwave 0 (1998)

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

Telephones - main lines in use

386,900 (2002)

Telephones - mobile cellular

834,000 (2003)

Television broadcast stations

38 (including repeaters) (1998)

Agriculture - products

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

Budget

revenues: $2.995 billion expenditures: $3.421 billion, including capital expenditures of $471 million (2003 est.)

Currency

balboa (PAB); US dollar (USD)

Currency code

PAB; USD

Current account balance

$-408 million (2003)

Debt - external

$8.834 billion (2003 est.)

Distribution of family income - Gini index

48.5 (1997)

Economic aid - recipient

$197.1 million (1995)

Economy - overview

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

3.681 billion kWh (2001)

Electricity - exports

118 million kWh (2001)

Electricity - imports

43 million kWh (2001)

Electricity - production

4.039 billion kWh (2001)

Exchange rates

balboas per US dollar - 1 (2003), 1 (2002), 1 (2001), 1 (2000), 1 (1999)

Exports

$5.237 billion f.o.b. (2003 est.)

Exports - commodities

bananas, shrimp, sugar, coffee, clothing (1999)

Exports - partners

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)

Fiscal year

calendar year

GDP

purchasing power parity - $18.78 billion (2003 est.)

GDP - composition by sector

agriculture: 8.3% industry: 14.7% services: 77.1% (2003 est.)

GDP - per capita

purchasing power parity - $6,300 (2003 est.)

GDP - real growth rate

4.1% (2003 est.)

Household income or consumption by percentage share

lowest 10%: 1.2% highest 10%: 35.7% (1997)

Imports

$6.622 billion f.o.b. (2003 est.)

Imports - commodities

capital goods, crude oil, foodstuffs, consumer goods, chemicals (1999)

Imports - partners

Japan 33.2%, US 11.4%, China 9.1%, South Korea 7.7%, Singapore 7.1% (2003)

Industrial production growth rate

7% (2003 est.)

Industries

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

Inflation rate (consumer prices)

1.4% (2003 est.)

Investment (gross fixed)

24.8% of GDP (2003)

Labor force

1.19 million note: shortage of skilled labor, but an oversupply of unskilled labor (2003 est.)

Labor force - by occupation

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

Oil - consumption

52,000 bbl/day (2001 est.)

Oil - exports

NA (2001)

Oil - imports

NA (2001)

Oil - production

0 bbl/day (2001 est.)

Population below poverty line

37% (1999 est.)

Public debt

73.3% of GDP (2003)

Reserves of foreign exchange & gold

$1.011 billion (2003)

Unemployment rate

13.8% (2003 est.)

Area

total: 78,200 sq km land: 75,990 sq km water: 2,210 sq km

Area - comparative

slightly smaller than South Carolina

Climate

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

Coastline

2,490 km

Elevation extremes

lowest point: Pacific Ocean 0 m highest point: Volcan de Chiriqui 3,475 m

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

Geographic coordinates

9 00 N, 80 00 W

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

Irrigated land

320 sq km (1998 est.)

Land boundaries

total: 555 km border countries: Colombia 225 km, Costa Rica 330 km

Land use

arable land: 7.36% permanent crops: 1.98% other: 90.66% (2001)

Location

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

Map references

Central America and the Caribbean

Maritime claims

territorial sea: 12 nm contiguous zone: 24 nm exclusive economic zone: 200 nm

Natural hazards

occasional severe storms and forest fires in the Darien area

Natural resources

copper, mahogany forests, shrimp, hydropower

Terrain

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

Administrative divisions

9 provinces (provincias, singular - provincia) and 1 territory* (comarca); Bocas del Toro, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, San Blas*, and Veraguas

Capital

Panama

Constitution

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

Country name

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

Diplomatic representation from the US

chief of mission: Ambassador Linda Ellen WATT 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

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

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); note - the president is both the chief of state and head of government cabinet: Cabinet appointed by the president elections: president and vice presidents elected on the same ticket by popular vote for five-year terms; election last held 2 May 2004 (next to be held 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)

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

Government type

constitutional democracy

Independence

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

International organization participation

FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO

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

Legal system

based on civil law system; judicial review of legislative acts in the Supreme Court of Justice; accepts compulsory ICJ jurisdiction, with reservations

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, 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

National holiday

Independence Day, 3 November (1903)

Political parties and leaders

Democratic Change or CD [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Martin TORRIJOS]; National Liberal Party or PLN [Anibal GALINDO]; Nationalist Republican Liberal Movement or MOLIRENA [Jesus ROSAS]; Panamenista Party or PA (formerly the Arnulfista Party) [Mireya Elisa MOSCOSO Rodriguez]; Popular Party or PP (formerly Christian Democratic Party or PDC) [Ruben AROSEMENA]; Solidarity Party or PS [Jose Raul MULINO]

Political pressure groups and leaders

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

Suffrage

18 years of age; universal and compulsory

Background

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. On 7 September 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of 1999. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the intervening years. 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 turned over to Panama by or on 31 December 1999.

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"

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)

Military expenditures - dollar figure

$145 million (2003)

Military expenditures - percent of GDP

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.)

Age structure

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.)

Birth rate

20.36 births/1,000 population (2004 est.)

Death rate

6.39 deaths/1,000 population (2004 est.)

Ethnic groups

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

HIV/AIDS - adult prevalence rate

0.9% (2003 est.)

HIV/AIDS - deaths

less than 500 (2003 est.)

HIV/AIDS - people living with HIV/AIDS

16,000 (2003 est.)

Infant mortality rate

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.)

Languages

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

Life expectancy at birth

total population: 72.14 years male: 69.82 years female: 74.56 years (2004 est.)

Literacy

definition: age 15 and over can read and write total population: 92.6% male: 93.2% female: 91.9% (2003 est.)

Median age

total: 25.9 years male: 25.6 years female: 26.2 years (2004 est.)

Nationality

noun: Panamanian(s) adjective: Panamanian

Net migration rate

-0.91 migrant(s)/1,000 population (2004 est.)

Population

3,000,463 (July 2004 est.)

Population growth rate

1.31% (2004 est.)

Religions

Roman Catholic 85%, Protestant 15%

Sex ratio

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

2.49 children born/woman (2004 est.)

Disputes - international

none

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

Airports

103 (2003 est.)

Airports - with paved runways

total: 44 over 3,047 m: 1 2,438 to 3,047 m: 1 1,524 to 2,437 m: 5 914 to 1,523 m: 15 under 914 m: 22 (2004 est.)

Airports - with unpaved runways

total: 61 914 to 1,523 m: 12 under 914 m: 49 (2004 est.)

Highways

total: 11,400 km paved: 3,944 km (including 30 km of expressways) unpaved: 7,456 km (1999)

Merchant marine

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.)

Ports and harbors

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 (2003)

Waterways

800 km (includes 82 km Panama Canal) (2004)