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Economy Panama
Flag of Panama Panama
Population: 3,000,463 (July 2004 est.)
Capital: Panama
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Tabular Data - The Panamanian Economy

GDP : purchasing power parity - $18.78 billion (2003 est.)
GDP - Real Growth Rate : 4.1% (2003 est.)
GDP - Per Capita : purchasing power parity - $6,300 (2003 est.)
GDP - Composition By Sector : agriculture: 8.3%
industry: 14.7%
services: 77.1% (2003 est.)
Population Below Poverty Line : 37% (1999 est.)
Household Income or Consumption by Percentage : lowest 10%: 1.2%
highest 10%: 35.7% (1997)
Inflation Rate (Consumer Prices) : 1.4% (2003 est.)
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.)
Budget : revenues: $2.995 billion
expenditures: $3.421 billion, including capital expenditures of $471 million (2003 est.)
Industries : construction, petroleum refining, brewing, cement and other construction materials, sugar milling
Industrial Production Growth Rate : 7% (2003 est.)
Electricity - Production : 4.039 billion kWh (2001)
Electricity - Production by Source : fossil fuel: 37%
hydro: 61.3%
nuclear: 0%
other: 1.7% (2001)
Electricity - Consumption : 3.681 billion kWh (2001)
Electricity - Exports : 118 million kWh (2001)
Electricity - Imports : 43 million kWh (2001)
Agriculture - Products : bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp
Exports : $5.237 billion f.o.b. (2003 est.)
Exports - Commodities : bananas, shrimp, sugar, coffee, clothing (1999)
Exports - Partners : US 19.8%, Germany 11.5%, Peru 7.2%, Belgium 6.7%, Japan 6.3%, Italy 4.2% (2003 est.)
Imports : $6.622 billion f.o.b. (2003 est.)
Imports - Commodities : capital goods, crude oil, foodstuffs, consumer goods, chemicals (1999)
Imports - Partners : Japan 37.4%, US 12.8%, China 10.3%, Singapore 8%, Italy 4.3% (2003 est.)
Debt - External : $8.834 billion (2003 est.)
Economic Aid - Recipient : $197.1 million (1995)
Currency : balboa (PAB); US dollar (USD)
Currency Code : PAB; USD
Exchange Rates : balboas per US dollar - 1 (2003), 1 (2002), 1 (2001), 1 (2000), 1 (1999)
Fiscal Year : Calendar Year

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Data Source: Central Intelligence Agency 2004 World Factbook