flag-panama

Distribution by age:

0-14 years: 28.6%
15-64 years: 64.2%
65 years and over: 7.2%
Literacy: 93%

Language:

Panama´s official language is Spanish.

Life Pace:

May be fast and dynamic at the executive level, but slower on the lower levels, especially in services or in the country side.

Electricty:

110 volts; 60 cycles.
Literacy Rate: 92.6%

Water, electricity and phone coverage:

82% Access to potable water, which is perfectly safe to drink.
83% Electricity coverage.

Telephone Services:

The domestic telephone service is well developed. Land-line and mobile phone services are excellent.
Calling Code: + 507

Minimum wage:

On January 2012, minimum wage was adjusted to $432, even though this may vary according to area and occupation.

Labor force by occupation:

Agriculture: 17%
Industry: 18.6%
Services: 64.4%

Unemployment Rate:

4.2 % of total labor force ( 2013)
4.4% of total labor force (2012)
4.5% of total labor force (2011)

GDP real growth rate:

6.2% (2013 est.)
8.5% (2012 est.)
10.6% (2011 est.)
7.6% (2010 est.)

GDP – composition by sector:

• Agriculture: 3.8%
• Industry: 16.8%
• Services: 79.4% (2012 est.)

GDP – per capita (PPP)

• $16.329,4 (2013 est.)
• $15,300 (2012 est.)
• $14,300 (2011 est.)
• $13,200 (2010 est.)
note: data are in 2012 US dollars

Agricultural products:

•    Bananas
•    Rice
•    Corn
•    Coffee
•    Sugarcane
•    Vegetables
•    Shrimp

Industries

•    Construction
•    Brewing
•    Cement and other construction materials
•    Sugar milling
•    Mining.

Exports and Commodities

•    Gold
•    Bananas
•    Shrimp
•    Sugar
•    Iron and steel waste
•    Pineapples
•    Watermelons

Exports – partners

•    US 13.1%
•    South Korea 12.5%
•    Honduras 10.2%
•    Japan 9.3%
•    India 7%
•    Canada 4.4%
•    Mexico 4.2% (2011)

Imports and Commodities

•    Fuel products
•    Medicines
•    Vehicles
•    Iron and steel rods
•    Cellular phones

Imports – partners

•    Japan 23.5%
•    China 23%
•    Singapore 18.1%
•    US 13%
•    South Korea 6% (2011)

Inflation rate : 4.70%

MENU