Economy of Panama

Imports

Imports commoditiesfuel products, medicines, vehicles, iron and steel rods, cellular phones

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

Exports

Exports commoditiesgold, bananas, shrimp, sugar, iron and steel waste, pineapples, watermelons

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

Economy sectors

Agriculture productsbananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp

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

Economy

Unemployment4.50 % (2013)4.40 % (2012)4.50 % (2011)

Unemployment of Panama

GDP - Official Exchange Rate40.6 Billion $ (2013)35.8 Billion $ (2012)33.3 Billion $ (2011)

GDP - Official Exchange Rate of Panama

GDP growth rate7.50 % (2013)10.7 % (2012)10.6 % (2011)

GDP growth rate of Panama

GDP per Capita (PPP)16,500 $ (2013)15,400 $ (2012)14,300 $ (2011)

GDP per Capita (PPP) of Panama

GDP - Purchasing Power Parity61.5 Billion $ (2013)56.5 Billion $ (2012)51.4 Billion $ (2011)

GDP - Purchasing Power Parity of Panama

GDP PPP per land area816 Thousand $ per square kilometer (2013)749 Thousand $ per square kilometer (2012)682 Thousand $ per square kilometer (2011)

GDP PPP per land area of Panama

Electricity

Electricity - installed generating capacity1.98 Million kW

Banking

Commercial bank prime lending rate0.00 % (2013)6.91 % (2012)6.91 % (2011)

Commercial bank prime lending rate of Panama

GDP decomposition by sector

Agriculture % of GDP3.70 % (2013)3.90 % (2012)

Industry % of GDP17.9 % (2013)17.6 % (2012)

Services % of GDP78.4 % (2013)78.6 % (2012)

Tourism

International tourism, number of arrivals1.61 Million (2012)1.47 Million (2011)1.32 Million (2010)

International tourism, number of arrivals of Panama

International tourism, number of departures447 Thousand (2012)414 Thousand (2011)392 Thousand (2010)

International tourism, number of departures of Panama

Yearly Tourist arrivals to residents ratio45.8 % (2012)42.6 % (2011)36.0 % (2010)

Yearly Tourist arrivals to residents ratio of Panama

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)39.8 % of GDP (2013)39.6 % of GDP (2012)40.0 % of GDP (2011)

Public debt (Percentage of GDP) of Panama

Budget surplus (+) or deficit (-)-2.10 % of GDP

Current Account Balance (Percentage of GDP)-10.05 % of GDP (2012)-15.01 % of GDP (2011)-10.68 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Panama

External Debt Stocks (Percentage of GNI)31.6 % of GNI (2012)37.9 % of GNI (2011)39.4 % of GNI (2010)

External Debt Stocks (Percentage of GNI) of Panama

Short-term debt (percentage of total external debt)0.01 % of total external debt (2001)0.01 % of total external debt (2000)6.46 % of total external debt (1999)

Short-term debt (percentage of total external debt) of Panama

Current Account Balance (Total)-5.06 Billion $ (2013)-3.27 Billion $ (2012)-3.89 Billion $ (2011)

Current Account Balance (Total) of Panama

External Debt (Total)15.2 Billion $ (2013)13.6 Billion $ (2012)12.2 Billion $ (2011)

External Debt (Total) of Panama

External Debt (Percentage of GDP)37.5 % of GDP (2013)37.9 % of GDP (2012)36.7 % of GDP (2011)

External Debt (Percentage of GDP) of Panama

External Debt per Capita4,276 $ (2013)3,863 $ (2012)3,528 $ (2011)

External Debt per Capita of Panama