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Panama at a glance
2004 (Est.) Economic
Statistics
 | Population: 2.9 million |
|
GDP: US$12.9 billion |
(Gov't. spending:
25%)
| GDP: 60% services |
| GDP per capita: US$4,448 |
| GDP growth rate: 4% |
| Inflation rate: 1.3% |
| Unemployment rate: 12.8% |
| Exports: US$715 million (45% to
US) |
| Imports: US$3,050 million(41% from US) |
| Minimum wage: US$266.24/month |
| Labor Burden: Approximately 42% |
| Principal Exports: Services
(tourism, banking, transportation, communications, shipping,
insurance); Commodities (shrimp, sugar, fish, melons) |
| Principal Imports: Consumer goods
and electronics, construction materials, petroleum products. |
| National Debt: US$9.0 billion |
| National Debt/GDP: 69.7% |
| Panama Bond/Debt Rating: |
Standard & Poor's: BB-
Fitch: BB
Moody's: Ba1
Panama Social Statistics
| Population Growth Rate: 1.3%
annual |
| Religion: 82% Catholic, 10%
Evangelical, also large communities of Jewish, Hindu, Muslims and
Buddhist |
| Literacy rate: 92.3% |
| Government: Constitutional
Representative Democracy |
| Elections for local (mayors,
etc.), legislative (unicameral, 78 members), and president are
held each five years. Last election: May 2004 |
The Panama Canal
lowers ships 85 feet
| 13,000 ships transit annually |
| US$940 million projected income
2004 |
Panamanian Geography
| Size: Panama contains
approximately 30,400 square miles (78,000 sq. km.) |
| Panama is similar in size to South
Carolina, Ireland and South Korea |
| Panama is bounded by Costa Rica,
Colombia, and the Atlantic and Pacific Oceans |
| Panama City is 9
degrees north of the
Equator and 78 degrees west of Greenwich |
| Panama City is due south of Tampa,
Fl. |
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