Panama Oil production Panama Electricity production

Panama Economy

Economy - overview:panama's dollarised economy rests primarily on a well-developed services sector that accounts for four-fifths of gdp. services include operating the panama canal. banking. the colon free zone. insurance. container ports. flagship registry. and tourism. a slump in colon free zone and agricultural exports. the global slowdown. and the withdrawal of us military forces held back economic growth in 2000-03; growth picked up in 2004 and 2005 led by export-oriented services and a construction boom stimulated by tax incentives. the government has been backing tax reforms. reform of the social security program. new regional trade agreements. and development of tourism. unemployment remains high.

GDP (purchasing power parity) : $22.16 billion (2005 est.)

Inflation rate: 2.5% (2005 est.)

Labor force : 1.39 million note: shortage of skilled labor. but an oversupply of unskilled labor (2005 est.)

Industries: construction. brewing. cement and other construction materials. sugar milling

Panama

			Over view
			Geography
			People
			Government
			Economy
			Communications
			Transportation
			Militry

Panama More Facts

Electricity - production: 5.398 billion kwh (2003)

Oil - production: 0 bbl/day (2004 est.)

Panama More Facts

Exports: $7.481 billion f.o.b. (includes the colon free zone) (2005 est.)

Imports : $8.734 billion f.o.b. (includes the colon free zone) (2005 est.)
Currency (code) : balboa (pab); us dollar (usd)