Export to Panama
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FULL NAME: Republic of Panama
CAPITAL: Panama City
POPULATION: 3.5 million (UN, 2009)
MAIN CITIES:
Panamá, San Miguelito,Tocumen, David, Arraiján, Colón, Las Cumbres, La Chorrera, Pacora, Santiago de Veraguas
LANGUAGES: Spanish, English
CURRENCY: Balboa & US Dollar
TIME ZONE: GMT-5
DIALLING CODE: +507
INTERNET DOMAIN: .pa
ECONOMY
Panama’s economy is built on a strong services sector, including the Canal, shipping, banking, the Colon Free Zone and the Panama Pacifico Special Economic Area. Thanks to the dollarised currency the economy has been one of the most stable in Latin America.
Free trade agreements with several countries
– USA/Panama pending US Senate approval
– Canada/Panama pending Canada Senate approval
– France/Panama (negotiations)
INDUSTRIES:
- Banking
- Construction
- Petroleum refining
- Brewing
- Tourism
- Shipping
- Cement and other construction materials
- Sugar milling
- Agriculture
EXPORTS – COMMODITIES:
- Bananas
- Shrimp
- Sugar
- Coffee
- Clothing
IMPORTS – COMMODITIES:
- Capital goods
- Foodstuffs
- Consumer goods
- Chemicals
EXPORTS – PARTNERS:
- Greece 21.03%
- US 17.63%
- Japan 9.87%
- Germany 4.28%
- Italy 4.27% (2009)
IMPORTS – PARTNERS:
- Japan 36.21%
- Singapore 16.86%
- US 12.3%
- China 7.84% (2009)
Source: www.cia.gov
GDP (purchasing power parity):
$40.32 billion (2009 est.)
country comparison to the world: 96
$39.38 billion (2008 est.)
$36.06 billion (2007 est.)
note: data are in 2009 US dollars
GDP – real growth rate:
2.4% (2009 est.)
country comparison to the world: 76
9.2% (2008 est.)
11.5% (2007 est.)
GDP – per capita (PPP):
$11,900 (2009 est.)
country comparison to the world: 93
$11,900 (2008 est.)
$11,100 (2007 est.)
note: data are in 2009 US dollars
GDP – composition by sector:
- agriculture: 5.9%
- industry: 17.2%
- services: 76.8% (2009 est.)
Source: www.cia.gov
ONLINE SOURCES:
Business Panama – www.businesspanama.com
Virtual Panama – www.virtualpanama.com
Visit Panama – www.visitpanama.com
NEWSPAPERS:
