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Panama - ECONOMIC INDICATORS
Economic forecasts - General economic indicators - Investments - Foreign Trade


Economic forecasts


 
Indicators
2005
2006
GDP (USD billion)
14.531  
15.469  
Real GDP growth (constant prices)
3.5 % 
4.0 %
GDP per capita (USD)
4513.239  
4724.214  
Inflation rate
2.6 % 
1.8 % 
Source : IMF - 2005 data


General economic indicators

Indicators 2002 2003 2004
GDP (USD billion) 12.3   12.9   13.8  
Real GDP growth (constant prices) 4.6 % 2.0 % 6.2 %
GDP per capita (USD) 4157   4177   4373  
Inflation rate 1.0 % 1.4 % 0.2 %
Unemployment rate 14.1%   13.6%   ..  
External debt (USD billion) 8   9   ..  
Balboa rate on 12/31 (1 US$)   1   1   1.005  
Sources : IMF - 2005 data, World bank, Oanda


GDP per activity sector 2002 2003 2004
Agriculture and fishing 7.1%   7.5%   7.5%  
Industry and mining 15.1%   16.3%     16.6%  
Services 77.8%   76.2%     75.9%  
Sources : World bank


Investments


FDI inflows (USD million) 2002 2003 2004 World rank
Foreign Direct Investments (F.D.I.) 99   792   1012   60 / 197
Source : UNCTAD "World Investment Report 2005 "


Foreign Trade


General indicators


Indicators (USD billion) 2002 2003 2004
Imports of goods (f.o.b.) 6.3   6.2   7.5  
Export of goods (f.o.b) 5.3   5.0   5.9  
Trade balance -1.0   -1.1   -1.6  
Balance of payments -0.1   -0.4   -1.1  
Sources : World bank, IMF


Indicators 2002 2003 2004
Share of foreign trade in GDP 124.4%   116.7%   125.1%  
Share of imports in GDP 62.4%   57.7%   61.1%  
Share of exports in GDP 61.9%   59.0%   64.0%  
Imports of goods and services (percent change) -3.3%   -3.8%   6.8%  
Exports of goods and services (percent change) -6.5%   -0.8%   10.8%  
Sources : World bank, IMF


Trade in goods/services by major category


2003 Imports Exports
Total Trade in Goods (USD billion):     6.2     5.0    
Agricultural raw materials 1%   1%  
Food products 14%   85%  
Hydrocarbons 12%   1%  
Manufactured products (chemicals, machines,...) 72%   11%  
Ores and metals 1%   2%  
Other goods 0%   0%  


2003 Imports Exports
Total Trade in Services (USD billion): 1   3  
Transport 49%   56%  
Tourisme 17%   23%  
Other services (insurance, financial services, telecommunications,...) 34%   21%  
Source : World Bank


Trade Data, by HS Code :
Source : www.intracen.org, last available data


Trade by partner countries



Main clients
(% of exports)
2004
USA   50%  
Sweden   6.5%  
Spain   5.1%  
Netherlands   4.4%  
Costa Rica   4.1%  

Main suppliers
(% of imports)
2004
..   ..  
..   ..  
..   ..  
..   ..  
..   ..  
Source : COMTRADE


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Last modified in October 2005
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