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Home » Panama

Panama

NyongesaSande News Desk by NyongesaSande News Desk
12 months ago
in CIA World Factbook
Reading Time: 36 mins read
A A
Flag of Panama

Flag of Panama

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 that was named the Republic of Gran Colombia. When the union 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 known as the Panama Canal Zone on either side of the structure. The US Army Corps of Engineers built the Panama Canal 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, Panamanian 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. An ambitious expansion project to more than double the Canal’s capacity by allowing for more Canal transits and larger ships was carried out between 2007 and 2016.

  • Geography
    • Location
    • Geographic coordinates
    • Map references
    • Area
    • Area – comparative
    • Land boundaries
    • Coastline
    • Maritime claims
    • Climate
    • Terrain
    • Elevation
    • Natural resources
    • Land use
    • Irrigated land
    • Major lakes (area sq km)
    • Population distribution
    • Natural hazards
    • Geography – note
  • People and Society
    • Population
    • Nationality
    • Ethnic groups
    • Languages
    • Religions
    • Age structure
    • Dependency ratios
    • Median age
    • Population growth rate
    • Birth rate
    • Death rate
    • Net migration rate
    • Population distribution
    • Urbanization
    • Major urban areas – population
    • Sex ratio
    • Maternal mortality ratio
    • Infant mortality rate
    • Life expectancy at birth
    • Total fertility rate
    • Gross reproduction rate
    • Contraceptive prevalence rate
    • Drinking water source
    • Health expenditure
    • Physician density
    • Hospital bed density
    • Sanitation facility access
    • Obesity – adult prevalence rate
    • Alcohol consumption per capita
    • Tobacco use
    • Children under the age of 5 years underweight
    • Currently married women (ages 15-49)
    • Education expenditure
    • Literacy
    • School life expectancy (primary to tertiary education)
  • Environment
    • Environment – current issues
    • Environment – international agreements
    • Climate
    • Land use
    • Urbanization
    • Air pollutants
    • Waste and recycling
    • Major lakes (area sq km)
    • Total water withdrawal
    • Total renewable water resources
  • Government
    • Country name
    • Government type
    • Capital
    • Administrative divisions
    • Legal system
    • Constitution
    • International law organization participation
    • Citizenship
    • Suffrage
    • Executive branch
    • Legislative branch
    • Judicial branch
    • Political parties
    • Diplomatic representation in the US
    • Diplomatic representation from the US
    • International organization participation
    • Independence
    • National holiday
    • Flag description
    • National symbol(s)
    • National colors
    • National anthem
    • National heritage
  • Economy
    • Economic overview
    • Real GDP (purchasing power parity)
    • Real GDP growth rate
    • Real GDP per capita
    • GDP (official exchange rate)
    • Inflation rate (consumer prices)
    • GDP – composition, by sector of origin
    • GDP – composition, by end use
    • Agricultural products
    • Industries
    • Industrial production growth rate
    • Labor force
    • Unemployment rate
    • Youth unemployment rate (ages 15-24)
    • Population below poverty line
    • Gini Index coefficient – distribution of family income
    • Average household expenditures
    • Household income or consumption by percentage share
    • Remittances
    • Budget
    • Public debt
    • Taxes and other revenues
    • Current account balance
    • Exports
    • Exports – partners
    • Exports – commodities
    • Imports
    • Imports – partners
    • Imports – commodities
    • Reserves of foreign exchange and gold
    • Exchange rates
  • Energy
    • Electricity access
    • Electricity
    • Electricity generation sources
    • Coal
    • Petroleum
    • Natural gas
    • Carbon dioxide emissions
    • Energy consumption per capita
  • Communications
    • Telephones – fixed lines
    • Telephones – mobile cellular
    • Broadcast media
    • Internet country code
    • Internet users
    • Broadband – fixed subscriptions
  • Transportation
    • Civil aircraft registration country code prefix
    • Airports
    • Heliports
    • Railways
    • Merchant marine
    • Ports
  • Military and Security
    • Military and security forces
    • Military expenditures
    • Military and security service personnel strengths
    • Military – note
  • Transnational Issues
    • Refugees and internally displaced persons
    • Illicit drugs

Geography

Location

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

Panama map showing major cities as well as parts of surrounding countries and the North Pacific Ocean and Caribbean Sea.

Geographic coordinates

9 00 N, 80 00 W

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Map references

Central America and the Caribbean

Area

total : 75,420 sq km

land: 74,340 sq km

water: 1,080 sq km

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comparison ranking: total 118

Area – comparative

slightly smaller than South Carolina

Area comparison map:

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Area comparison map

Land boundaries

total: 687 km

border countries (2): Colombia 339 km; Costa Rica 348 km

Coastline

2,490 km

Maritime claims

territorial sea: 12 nm

contiguous zone: 24 nm

exclusive economic zone: 200 nm or edge of continental margin

Climate

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

Terrain

interior mostly steep, rugged mountains with dissected, upland plains; coastal plains with rolling hills

Elevation

highest point: Volcan Baru 3,475 m

lowest point: Pacific Ocean 0 m

mean elevation: 360 m

Natural resources

copper, mahogany forests, shrimp, hydropower

Land use

agricultural land: 29.4% (2022 est.)

arable land: 7.6% (2022 est.)

permanent crops: 1.4% (2022 est.)

permanent pasture: 20.3% (2022 est.)

forest: 56.5% (2022 est.)

other: 14.1% (2022 est.)

Irrigated land

394 sq km (2022)

Major lakes (area sq km)

salt water lake(s): Laguna de Chiriqui – 900 sq km

Population distribution

population is concentrated towards the center of the country, particularly around the Canal, but a sizeable segment of the populace also lives in the far west around David; the eastern third of the country is sparsely inhabited

Natural hazards

occasional severe storms and forest fires in the Darien area

Geography – note

strategic location on eastern end of isthmus forming land bridge that connects North and South America; controls the Panama Canal, which links the North Atlantic Ocean with the North Pacific Ocean via the Caribbean Sea 

People and Society

Population

total: 4,470,241 (2024 est.)

male: 2,251,257

female: 2,218,984

comparison rankings: total 127; female 128; male 127

Nationality

noun: Panamanian(s)

adjective: Panamanian

Ethnic groups

Mestizo (mixed Indigenous and White) 65%, Indigenous 12.3% (Ngabe 7.6%, Kuna 2.4%, Embera 0.9%, Bugle 0.8%, other 0.4%, unspecified 0.2%), Black or African descent 9.2%, Mulatto 6.8%, White 6.7% (2010 est.)

Languages

Spanish (official), Indigenous languages (including Ngabere (Guaymi), Buglere, Kuna, Embera, Wounaan, Naso (Teribe), and Bri Bri), Panamanian 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)

major-language sample(s):
La Libreta Informativa del Mundo, la fuente indispensable de información básica. (Spanish)

The World Factbook, the indispensable source for basic information.

Spanish audio sample:

Religions

Evangelical 55%, Roman Catholic 33.4%, none 10.1%, unspecified 1.5% (2023 est.)

Age structure

0-14 years: 25% (male 574,336/female 544,180)

15-64 years: 64.8% (male 1,465,907/female 1,433,023)

65 years and over: 10.1% (2024 est.) (male 211,014/female 241,781)

2024 population pyramid:

2024 population pyramid

Dependency ratios

total dependency ratio: 54.2 (2024 est.)

youth dependency ratio: 38.6 (2024 est.)

elderly dependency ratio: 15.6 (2024 est.)

potential support ratio: 6.4 (2024 est.)

Median age

total: 31.5 years (2024 est.)

male: 31 years

female: 31.9 years

comparison ranking: total 127

Population growth rate

1.48% (2024 est.)

comparison ranking: 66

Birth rate

17.4 births/1,000 population (2024 est.)

comparison ranking: 86

Death rate

5.7 deaths/1,000 population (2024 est.)

comparison ranking: 170

Net migration rate

3 migrant(s)/1,000 population (2024 est.)

comparison ranking: 36

Population distribution

population is concentrated towards the center of the country, particularly around the Canal, but a sizeable segment of the populace also lives in the far west around David; the eastern third of the country is sparsely inhabited

Urbanization

urban population: 69.5% of total population (2023)

rate of urbanization: 1.92% annual rate of change (2020-25 est.)

Major urban areas – population

1.977 million PANAMA CITY (capital) (2023)

Sex ratio

at birth: 1.06 male(s)/female

0-14 years: 1.06 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 (2024 est.)

Maternal mortality ratio

50 deaths/100,000 live births (2020 est.)

comparison ranking: 96

Infant mortality rate

total: 14.2 deaths/1,000 live births (2024 est.)

male: 15.4 deaths/1,000 live births

female: 12.9 deaths/1,000 live births

comparison ranking: total 98

Life expectancy at birth

total population: 79.2 years (2024 est.)

male: 76.4 years

female: 82.2 years

comparison ranking: total population 66

Total fertility rate

2.35 children born/woman (2024 est.)

comparison ranking: 74

Gross reproduction rate

1.14 (2024 est.)

Contraceptive prevalence rate

50.8% (2014/15)

Drinking water source

improved:

urban: 100% of population

rural: 88.1% of population

total: 96.2% of population

unimproved:

urban: 0% of population

rural: 11.9% of population

total: 3.8% of population (2020 est.)

Health expenditure

9.7% of GDP (2021)

22.2% of national budget (2022 est.)

Physician density

1.63 physicians/1,000 population (2022)

Hospital bed density

1.9 beds/1,000 population (2020 est.)

Sanitation facility access

improved:

urban: 95.5% of population

rural: 69.1% of population

total: 87.2% of population

unimproved:

urban: 4.5% of population

rural: 30.9% of population

total: 12.8% of population (2020 est.)

Obesity – adult prevalence rate

22.7% (2016)

comparison ranking: 73

Alcohol consumption per capita

total: 6.54 liters of pure alcohol (2019 est.)

beer: 5.29 liters of pure alcohol (2019 est.)

wine: 0.02 liters of pure alcohol (2019 est.)

spirits: 1.2 liters of pure alcohol (2019 est.)

other alcohols: 0.02 liters of pure alcohol (2019 est.)

comparison ranking: total 63

Tobacco use

total: 4.5% (2025 est.)

male: 7.4% (2025 est.)

female: 1.7% (2025 est.)

comparison ranking: total 166

Children under the age of 5 years underweight

2.9% (2019)

comparison ranking: 83

Currently married women (ages 15-49)

58.6% (2023 est.)

Education expenditure

3.9% of GDP (2023 est.)

11.9% national budget (2023 est.)

comparison ranking: Education expenditure (% GDP) 112

Literacy

total population: 96% (2019 est.)

male: 96% (2019 est.)

female: 95% (2019 est.)

School life expectancy (primary to tertiary education)

total: 13 years

male: 12 years

female: 13 years (2016)

Environment

Environment – current issues

water pollution from agricultural runoff; deforestation of tropical rainforest; land degradation and soil erosion in Panama Canal; air pollution in urban areas; effects of mining 

Environment – international agreements

party to: Antarctic-Marine Living Resources, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Comprehensive Nuclear Test Ban, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping-London Convention, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 2006, Wetlands, Whaling

signed, but not ratified: Marine Life Conservation

Climate

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

Land use

agricultural land: 29.4% (2022 est.)

arable land: 7.6% (2022 est.)

permanent crops: 1.4% (2022 est.)

permanent pasture: 20.3% (2022 est.)

forest: 56.5% (2022 est.)

other: 14.1% (2022 est.)

Urbanization

urban population: 69.5% of total population (2023)

rate of urbanization: 1.92% annual rate of change (2020-25 est.)

Air pollutants

particulate matter emissions: 11.78 micrograms per cubic meter (2019 est.)

carbon dioxide emissions: 10.71 megatons (2016 est.)

methane emissions: 5.97 megatons (2020 est.)

Waste and recycling

municipal solid waste generated annually: 1,472,262 tons (2015 est.)

Major lakes (area sq km)

salt water lake(s): Laguna de Chiriqui – 900 sq km

Total water withdrawal

municipal: 760 million cubic meters (2020 est.)

industrial: 10 million cubic meters (2020 est.)

agricultural: 450 million cubic meters (2020 est.)

Total renewable water resources

139.3 billion cubic meters (2020 est.)

Government

Country name

conventional long form: Republic of Panama

conventional short form: Panama

local long form: República de Panama

local short form: Panama

etymology: origin is unclear; may come from a Guarani word meaning “place of many fish”

Government type

presidential republic

Capital

name: Panama City

geographic coordinates: 8 58 N, 79 32 W

time difference: UTC-5 (same time as Washington, DC, during Standard Time)

etymology: origin is unclear; may come from a Guaraní word meaning “place of many fish”

Administrative divisions

10 provinces (provincias, singular – provincia) and 4 indigenous regions* (comarcas); Bocas del Toro, Chiriqui, Cocle, Colon, Darien, Embera-Wounaan*, Guna Yala*, Herrera, Los Santos, Naso Tjer Di*, Ngabe-Bugle*, Panama, Panama Oeste, Veraguas

Legal system

civil law system; Supreme Court of Justice reviews legislative acts

Constitution

history: several previous; latest effective 11 October 1972

amendment process: proposed by the National Assembly, by the Cabinet, or by the Supreme Court of Justice; passage requires approval by one of two procedures: 1) absolute majority vote of the Assembly membership in each of three readings and by absolute majority vote of the next elected Assembly in a single reading without textual modifications; 2) absolute majority vote of the Assembly membership in each of three readings, followed by absolute majority vote of the next elected Assembly in each of three readings with textual modifications, and approval in a referendum

International law organization participation

accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction

Citizenship

citizenship by birth: yes

citizenship by descent only: yes

dual citizenship recognized: no

residency requirement for naturalization: 5 years

Suffrage

18 years of age; universal

Executive branch

chief of state: President José Raúl MULINO Quintero (since 1 July 2024)

head of government: President José Raúl MULINO Quintero (since 1 July 2024)

cabinet: Cabinet appointed by the president

elections/appointments: president and vice president directly elected on the same ballot by simple majority popular vote for a 5-year term; president eligible for a single non-consecutive term); election last held on 5 May 2024 (next to be held in May 2029)

election results:
2024: José Raúl MULINO Quintero elected president; percent of vote – José Raúl MULINO Quintero (RM) 34.2%, Ricardo Alberto LOMBANA González (MOCA) 24.6%, Martín Erasto TORRIJOS Espino (PP) 16%, Alberto ROUX Moses (CD) 11.4%, Zulay RODRÍGUEZ Lu (independent) 6.6%, José Gabriel CARRIZO Jaén (PRD) 5.9%, other 1.3%

2019: Laurentino “Nito” CORTIZO Cohen elected president; percent of vote – Laurentino CORTIZO Cohen (PRD) 33.3%, Romulo ROUX (CD) 31%, Ricardo LOMBANA (independent) 18.8%, Jose BLANDON (Panameñista Party) 10.8%, Ana Matilde GOMEZ Ruiloba (independent) 4.8%, other 1.3%

note: the president is both chief of state and head of government

Legislative branch

legislature name: National Assembly (Asamblea Nacional)

legislative structure: unicameral

number of seats: 71 (all directly elected)

electoral system: mixed system

scope of elections: full renewal

term in office: 5 years

most recent election date: 5/5/2024

parties elected and seats per party: Realizing Goals (RM) (14); Democratic Revolutionary Party (PRD) (13); Democratic Change (CD) (8); Panamenista Party (8); Independents (20); Other (8)

percentage of women in chamber: 21.7%

expected date of next election: May 2029

Judicial branch

highest court(s): Supreme Court of Justice or Corte Suprema de Justicia (consists of 9 magistrates and 9 alternates and divided into civil, criminal, administrative, and general business chambers)

judge selection and term of office: magistrates appointed by the president for staggered 10-year terms

subordinate courts: appellate courts or Tribunal Superior; Labor Supreme Courts; Court of Audit; circuit courts or Tribunal Circuital (2 each in 9 of the 10 provinces); municipal courts; electoral, family, maritime, and adolescent courts

Political parties

Alliance Party or PA
Alternative Independent Socialist Party or PAIS
Another Way Movement or MOCA
Democratic Change or CD
Democratic Revolutionary Party or PRD
Nationalist Republican Liberal Movement or MOLIRENA
Panameñista Party (formerly the Arnulfista Party)
Popular Party or PP (formerly Christian Democratic Party or PDC)
Realizing Goals Party or RM

Diplomatic representation in the US

chief of mission: Ambassador José Miguel ALEMÁN HEALY (since 18 September 2024)

chancery: 2862 McGill Terrace NW, Washington, DC 20008

telephone: [1] (202) 483-1407

FAX: [1] (202) 483-8413

email address and website:
[email protected]

https://www.embassyofpanama.org/

consulate(s) general: Houston, Los Angeles, Miami, New Orleans, New York, Philadelphia, Tampa

Diplomatic representation from the US

chief of mission: Ambassador Kevin Marino CABRERA (since 5 May 2025)

embassy: Building 783, Demetrio Basilio Lakas Avenue, Clayton

mailing address: 9100 Panama City PL, Washington, DC 20521-9100

telephone: [507] 317-5000

FAX: [507] 317-5568

email address and website:
[email protected]

https://pa.usembassy.gov/

International organization participation

ACS, BCIE, CAN (observer), CD, CELAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAES, LAIA, MIGA, NAM, OAS, OPANAL, OPCW, Pacific Alliance (observer), PCA, SICA, UN, UNASUR (observer), UNCTAD, UNESCO, UNIDO, Union Latina, UNOOSA, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Independence

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

National holiday

Independence Day (Separation Day), 3 November (1903)

Flag description

divided into four equal rectangles; one of the top quadrants is white (hoist side) with a five-pointed blue star in the center, and the other is plain red; one of the bottom quadrants is plain blue (hoist side), and the other is white with a five-pointed red star in the center; the blue and red stand for the main political parties, and the white for peace between them; the blue star stands for the civic virtues of purity and honesty, and the red star signifies authority and law

National symbol(s)

harpy eagle

National colors

blue, white, red

National anthem

name: “Himno Istmeno” (Isthmus Hymn)

lyrics/music: Jeronimo DE LA OSSA/Santos A. JORGE

note: adopted 1925

National heritage

total World Heritage Sites: 5 (2 cultural, 3 natural)

selected World Heritage Site locales: Caribbean Fortifications (c); Darien National Park (n); Talamanca Range-La Amistad National Park (n); Panamá Viejo and Historic District of Panamá (c); Coiba National Park (n)

Economy

Economic overview

upper middle-income Central American economy; increasing Chinese trade; US dollar user; canal expansion fueling broader infrastructure investment; services sector dominates economy; historic money-laundering and illegal drug hub

Real GDP (purchasing power parity)

$159.908 billion (2023 est.)
$148.891 billion (2022 est.)
$134.415 billion (2021 est.)

note: data in 2021 dollars

comparison ranking: 80

Real GDP growth rate

7.4% (2023 est.)
10.77% (2022 est.)
15.84% (2021 est.)

note: annual GDP % growth based on constant local currency

comparison ranking: 18

Real GDP per capita

$35,900 (2023 est.)
$33,800 (2022 est.)
$30,900 (2021 est.)

note: data in 2021 dollars

comparison ranking: 66

GDP (official exchange rate)

$83.318 billion (2023 est.)

note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

0.7% (2024 est.)
1.5% (2023 est.)
2.9% (2022 est.)

note: annual % change based on consumer prices

comparison ranking: 17

GDP – composition, by sector of origin

agriculture: 2.5% (2023 est.)

industry: 27.8% (2023 est.)

services: 67.3% (2023 est.)

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

comparison rankings: services 49; industry 75; agriculture 148

GDP – composition, by end use

household consumption: 46.7% (2023 est.)

government consumption: 12.2% (2023 est.)

investment in fixed capital: 32.3% (2023 est.)

investment in inventories: 5.5% (2023 est.)

exports of goods and services: 46.5% (2023 est.)

imports of goods and services: -43.1% (2023 est.)

note: figures may not total 100% due to rounding or gaps in data collection

Agricultural products

sugarcane, rice, bananas, oranges, oil palm fruit, chicken, plantains, maize, milk, pineapples (2023)

note: top ten agricultural products based on tonnage

Industries

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

Industrial production growth rate

12.82% (2023 est.)

note: annual % change in industrial value added based on constant local currency

comparison ranking: 10

Labor force

2.206 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

comparison ranking: 125

Unemployment rate

6.5% (2024 est.)
6.5% (2023 est.)
8.1% (2022 est.)

note: % of labor force seeking employment

comparison ranking: 128

Youth unemployment rate (ages 15-24)

total: 16.8% (2024 est.)

male: 13.4% (2024 est.)

female: 22.1% (2024 est.)

note: % of labor force ages 15-24 seeking employment

comparison ranking: total 73

Population below poverty line

21.8% (2021 est.)

note: % of population with income below national poverty line

Gini Index coefficient – distribution of family income

48.9 (2023 est.)

note: index (0-100) of income distribution; higher values represent greater inequality

comparison ranking: 13

Average household expenditures

on food: 15.4% of household expenditures (2023 est.)

on alcohol and tobacco: 1.6% of household expenditures (2023 est.)

Household income or consumption by percentage share

lowest 10%: 1.2% (2023 est.)

highest 10%: 36.9% (2023 est.)

note: % share of income accruing to lowest and highest 10% of population

Remittances

0.62% of GDP (2023 est.)
0.69% of GDP (2022 est.)
0.84% of GDP (2021 est.)

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Budget

revenues: $7.57 billion (2021 est.)

expenditures: $11.553 billion (2021 est.)

note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated

Public debt

37.8% of GDP (2017 est.)

comparison ranking: 138

Taxes and other revenues

7.5% (of GDP) (2021 est.)

note: central government tax revenue as a % of GDP

comparison ranking: 190

Current account balance

-$3.739 billion (2023 est.)
-$475.146 million (2022 est.)
-$778.779 million (2021 est.)

note: balance of payments – net trade and primary/secondary income in current dollars

comparison ranking: 170

Exports

$36.569 billion (2023 est.)
$35.731 billion (2022 est.)
$27.488 billion (2021 est.)

note: balance of payments – exports of goods and services in current dollars

comparison ranking: 75

Exports – partners

China 25%, Japan 10%, USA 6%, Thailand 5%, Costa Rica 5% (2023)

note: top five export partners based on percentage share of exports

Exports – commodities

copper ore, ships, refined petroleum, bananas, fish (2023)

note: top five export commodities based on value in dollars

Imports

$36.135 billion (2023 est.)
$32.693 billion (2022 est.)
$24.459 billion (2021 est.)

note: balance of payments – imports of goods and services in current dollars

comparison ranking: 72

Imports – partners

USA 15%, Colombia 13%, China 13%, Ecuador 13%, Japan 11% (2023)

note: top five import partners based on percentage share of imports

Imports – commodities

crude petroleum, ships, refined petroleum, nitrogen compounds, cars (2023)

note: top five import commodities based on value in dollars

Reserves of foreign exchange and gold

$6.856 billion (2024 est.)
$6.757 billion (2023 est.)
$6.876 billion (2022 est.)

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

comparison ranking: 89

Exchange rates

balboas (PAB) per US dollar –

Exchange rates:
1 (2023 est.)
1 (2022 est.)
1 (2021 est.)
1 (2020 est.)
1 (2019 est.)

Energy

Electricity access

electrification – total population: 95% (2022 est.)

electrification – urban areas: 99%

electrification – rural areas: 100%

Electricity

installed generating capacity: 4.485 million kW (2023 est.)

consumption: 11.777 billion kWh (2023 est.)

exports: 404.9 million kWh (2023 est.)

imports: 234 million kWh (2023 est.)

transmission/distribution losses: 924.16 million kWh (2023 est.)

comparison rankings: transmission/distribution losses 95; imports 104; exports 80; consumption 101; installed generating capacity 95

Electricity generation sources

fossil fuels: 38.2% of total installed capacity (2023 est.)

solar: 6.8% of total installed capacity (2023 est.)

wind: 6.9% of total installed capacity (2023 est.)

hydroelectricity: 47.8% of total installed capacity (2023 est.)

biomass and waste: 0.3% of total installed capacity (2023 est.)

Coal

consumption: 863,000 metric tons (2023 est.)

imports: 863,000 metric tons (2023 est.)

Petroleum

refined petroleum consumption: 131,000 bbl/day (2023 est.)

Natural gas

consumption: 564.786 million cubic meters (2023 est.)

imports: 564.786 million cubic meters (2023 est.)

Carbon dioxide emissions

23.458 million metric tonnes of CO2 (2023 est.)

from coal and metallurgical coke: 1.969 million metric tonnes of CO2 (2023 est.)

from petroleum and other liquids: 20.389 million metric tonnes of CO2 (2023 est.)

from consumed natural gas: 1.101 million metric tonnes of CO2 (2023 est.)

comparison ranking: total emissions 79

Energy consumption per capita

78.01 million Btu/person (2023 est.)

comparison ranking: 67

Communications

Telephones – fixed lines

total subscriptions: 811,000 (2023 est.)

subscriptions per 100 inhabitants: 18 (2023 est.)

comparison ranking: total subscriptions 75

Telephones – mobile cellular

total subscriptions: 6.98 million (2023 est.)

subscriptions per 100 inhabitants: 156 (2022 est.)

comparison ranking: total subscriptions 114

Broadcast media

multiple privately owned TV networks and a government-owned educational TV station; multi-channel cable and satellite TV subscription services are available; more than 100 commercial radio stations (2019)

Internet country code

.pa

Internet users

percent of population: 78% (2023 est.)

Broadband – fixed subscriptions

total: 809,000 (2023 est.)

subscriptions per 100 inhabitants: 18 (2023 est.)

comparison ranking: total 83

Transportation

Civil aircraft registration country code prefix

HP

Airports

77 (2025)

comparison ranking: 67

Heliports

1 (2025)

comparison ranking: 157

Railways

total: 77 km (2014)

standard gauge: 77 km (2014) 1.435-m gauge

Merchant marine

total: 8,174 (2023)

by type: bulk carrier 2732, container ship 671, general cargo 1,428, oil tanker 866, other 2,477

comparison ranking: total 3

Ports

total ports: 12 (2024)

large: 0

medium: 3

small: 3

very small: 5

size unknown: 1

ports with oil terminals: 5

key ports: Bahia de las Minas, Balboa, Pedregal, Puerto Armuelles, Puerto Colon, Puerto Cristobal

Military and Security

Military and security forces

no regular military forces; Ministry of Public Security: Panama National Police (La Policía Nacional de Panamá, PNP), National Aeronaval Service (Servicio Nacional Aeronaval, SENAN), National Border Service (Servicio Nacional de Fronteras, SENAFRONT)  (2025)

note 1: collectively, the security forces are known as the Panamanian Public Forces

note 2: the PNP includes a special forces directorate with counterterrorism and counternarcotics units; SENAFRONT has three regionally based border security brigades, plus a specialized brigade comprised of special forces, counternarcotics, maritime, and rapid reaction units

Military expenditures

1.1% of GDP (2024 est.)
1.1% of GDP (2023 est.)
1.2% of GDP (2022 est.)
1.3% of GDP (2021 est.)
1.4% of GDP (2020 est.)

Military and security service personnel strengths

approximately 30,000 Ministry of Public Security personnel (2025)

Military – note

the Panama National Police is principally responsible for internal law enforcement and public order, while the National Border Service handles border security; the Aeronaval Service is responsible for carrying out air and naval operations that include some internal security responsibilities; key areas of focus are countering narcotics trafficking and securing the border, particularly along the southern border with Colombia (the area is known as the Darién Gap) where the National Border Service (SENAFRONT) maintains a significant presence

Panama created a paramilitary National Guard (Guardia Nacional de Panamá) in the 1950s from the former National Police (established 1904); the National Guard subsequently evolved into more of a military force with some police responsibilities; it seized power in a coup in 1968 and military officers ran the country until 1989; in 1983, the National Guard was renamed the Panama Defense Force (PDF); the PDF was disbanded after the 1989 US invasion and the current national police forces were formed in 1990; the armed forces were officially abolished under the 1994 Constitution (2024)

Transnational Issues

Refugees and internally displaced persons

refugees (country of origin): 58,158 (Venezuela) (economic and political crisis; includes Venezuelans who have claimed asylum or have received alternative legal stay) (2023)

Illicit drugs

not a major consumer or producer of illicit drugs; a prime sea and land passage for drugs, primarily cocaine, from South America to North America and Europe;   drug traffickers also use millions of shipping containers to smuggle drugs to North America and Europe through the Panama

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