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 - named the Republic of Gran Colombia. When the latter 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 on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers 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, 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

Central America and the Caribbean
9.0° N, 80. 0° W
Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica

area

75,420 sq km
land
74,340 sq km
water
1,080 sq km

land boundaries

687 km

coastline

2,490 km

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

360 m
lowest point
Pacific Ocean
0 m
highest point
Volcan Baru
3,475 m

natural resources

  • copper
  • mahogany forests
  • shrimp
  • hydropower

land use

arable land
7.3 %
permanent crops
2.5 %
permanent pasture
20.7 %
forest
43.6 %
other
25.9 %

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

people

population

  • 3,894,082
  • 130
    global rank

nationality

  • Panamanian(s)
    noun
  • Panamanian
    adjective

ethnic groups

mestizo
65 %
Native American
12.3 %
black or African descent
9.2 %
mulatto
6.8 %
white
6.7 %

languages

  • Spanish
    official
  • indigenous languages , Buglere, Kuna, Embera, Wounaan, Naso , and Bri Bri
    including Ngabere (or Guaymi; or Teribe;
  • Panamanian English Creole
    similar to Jamaican 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

religions

Roman Catholic
85 %
Protestant
15 %

birth rate

  • 17.1
    per 1,000 population
  • 98
    global rank

death rate

  • 5.1
    per 1,000 population
  • 197
    global rank

urban population

68.4 %

major urban areas

  • Panama City
    pop. 1,860,000

life expectancy

  • 79.2
    total population
  • 60
    global rank
76.4
male
82.2
female

adult obesity rate

  • 22.7%
    percent of adults
  • 73
    global rank

government

country name

    conventional

  • Republic of Panama
    long form
  • Panama
    short form

    local

  • Republica de Panama
    long form
  • Panama
    short form

government type

presidential republic

capital

Panama City
8.58 N, 79.32 W

independence

national holidays

  • Independence Day
    3 November

legal system

civil law system; judicial review of legislative acts in the Supreme Court of Justice

age of suffrage

18

flag description

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

national colors

  • blue
  • white
  • red

national anthem

"Himno Istmeno" (Isthmus Hymn)

economy

overview

Panama's dollar-based economy rests primarily on a well-developed services sector that accounts for more than three-quarters of GDP. Services include operating the Panama Canal, logistics, banking, the Colon Free Trade Zone, insurance, container ports, flagship registry, and tourism and Panama is a center for offshore banking. Panama's transportation and logistics services sectors, along with infrastructure development projects, have boosted economic growth; however, public debt surpassed $37 billion in 2016 because of excessive government spending and public works projects. The US-Panama Trade Promotion Agreement was approved by Congress and signed into law in October 2011, and entered into force in October 2012. Future growth will be bolstered by the Panama Canal expansion project that began in 2007 and was completed in 2016 at a cost of $5.3 billion - about 10-15% of current GDP. The expansion project more than doubled the Canal's capacity, enabling it to accommodate high-capacity vessels such as tankers and neopanamax vessels that are too large to traverse the existing canal. The US and China are the top users of the Canal. Strong economic performance has not translated into broadly shared prosperity, as Panama has the second worst income distribution in Latin America. About one-fourth of the population lives in poverty; however, from 2006 to 2012 poverty was reduced by 10 percentage points.

GDP

104,100,000,000 USD
2017

agriculture products

  • bananas
  • rice
  • corn
  • coffee
  • sugarcane
  • vegetables
  • livestock
  • shrimp

poverty level

23%
2015

budget

  • 12,430,000,000
    revenue (USD)
  • 13,440,000,000
    expenditures (USD)

communications

telephones

    fixed lines

  • 728,379
    total subscriptions
  • 85
    global rank

    mobile cellular

  • 5,722,370
    total subscriptions
  • 116
    global rank

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

.pa
country code

    users

  • 2,199,433
    total
  • 57.87
    % of population
  • 118
    global rank

energy

electricity access

93.4%
2016

transportation

air transport

    national system

  • 4
    registered air carriers
  • 12,018,103
    annual passenger traffic

    airports

  • 117
    total
  • 57
    paved

railways

77 km
total length

waterways

800 km
total length

military

This entry doesn't have any available military data.