General profile: Panama

GENERAL INFORMATION FOR 2018
Population
Population
Exchange rates
Exchange rate
GDP
GDP
4.177 Millions
1.000 PAB/US$
64 615 Millions current US$
Land area
Land area ¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 74 340 km²
0.76 %
3.70 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+3.5 %
Merchandise exports growth rate in 2018
Total merchandise trade
(millions of US$)
2005
2010
2015
2018
Merchandise exports
(g) 7 050
10 987
11 348
11 480
Merchandise imports
(g) 9 600
16 737
22 504
23 006
Merchandise trade balance
(g) -2 550
-5 751
-11 156
-11 525
Export structure by product group in 2018
(as % of total exports)
3 %3 %76 %76 %9 %9 %12 %12 %
Top 5 partners in 2018
(exports, millions of US$)
1 6499188176966751 649918817696675
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services ²
(millions of US$)
2005
2010
2015
2018
Services exports
3 175
6 412
11 866
13 789
Services imports
1 771
2 788
4 824
4 484
Services trade balance
1 405
3 624
7 042
9 305
Services exports by main category ²
(as % of total services)
2005
2010
2015
2018
Transport
56.5
53.6
45.8
49.4
Travel
24.6
27.2
33.3
33.4
Other services
18.9
19.2
20.7
17.0
TRADE INDICES
More data on UNCTADstat
999910110198981001001181181361361521521351359393868685856969606050506666556666979710510596961001001091091111111141141111119595888896968383767671716666616160606060626299101981001181361521359386856960506656697105961001091111141119588968376716661606062
ECONOMIC TRENDS
More data on UNCTADstat
+3.7 %
Gross domestic product growth rate in 2018
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2018
GDP, current
15 714
29 440
54 316
64 615
GDP per capita, current US$
4 719
8 082
13 687
15 470
Real GDP growth, y-on-y, %
7.19
5.83
5.58
3.70
Current account balance, % of GDP
-6.77
-10.57
-8.93
-7.84
Exchange rate (/US$)
1.000
1.000
1.000
1.000
GDP by expenditure in 2017
(as % of total GDP)
51.311.743.040.446.351.311.743.040.446.3
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.2 %
FDI outflows as % of GDP in 2018
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2018
FDI inflows
917.60
2 723.30
4 555.80
5 548.50
FDI outflows
..
316.80
583.70
157.50
Personal remittances, % of GDP
0.82
1.39
1.02
0.83
Financial flows trends
(millions of US$)
538.0538.0533.2533.2502.2502.2554.2554.2756.4756.4461.4461.4410.9410.9368.2368.2410.0410.0337.0337.0378.0378.0355.3355.3300.5300.5129.6129.6108.9108.9106.8106.884.684.673.173.116.416.45 5495 5494 5694 5694 8664 8664 5564 5564 4594 4593 5673 5673 2113 2113 1533 1532 7232 7231 2591 2592 1472 1471 8991 8992 5472 5479189181 0191 0198188189999467467624624538.0533.2502.2554.2756.4461.4410.9368.2410.0337.0378.0355.3300.5129.6108.9106.884.673.116.45 5494 5694 8664 5564 4593 5673 2113 1532 7231 2592 1471 8992 5479181 01981899467624FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators ²
(as % and index)
2005
2010
2015
2018
Balance, % of GDP
-0.99
-8.20
-5.07
-2.04
Balance, % of imports
-1.45
-11.23
-10.06
-4.64
Normalized balance
-0.007
-0.059
-0.053
-0.024
Trade openness ²
(sum of imports and exports as % of GDP)
86868696114130149159138129151139140135
LABOUR FORCE
Labour force by gender in 2018
(as % of total labour force, all sectors)
Male
62%Male 62%Female
38%Female 38%
OTHER INDICATORS
More data on UNCTADstat
17.46 %
Share of the total world merchant fleet in 2018
Maritime transport indicators
 
2005
2010
2015
2018
Merchant fleet, national flag (thousands of DWT)
195 286
288 758
335 304
335 888
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
34.59
44.15
50.06
Container port throughput (TEU)
..
5 588 702
6 894 700
6 872 400
Information economy indicators
(as % of)
2005
2010
2015
2018
Share of ICT goods, % of total exports
0.07
9.60
7.22
..
Share of ICT goods, % of total imports
9.08
9.57
8.09
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
g
Break.
n
Estimated. Data refers to 2016.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 05 November 2019