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Fact Sheet

Flag of Panama

Panama

Official Title:
Republic of Panama


General Information

Please note that all statistics reflect Canadian dollars, with some figures reflecting the yearly averages for the year. If listed as ’0’ or absent, the statistic is unavailable.
5-year trade
Canada - Panama
Year Exports Imports
2009 $91,530,136 $40,709,477
2010 $129,501,107 $84,207,456
2011 $111,222,796 $124,125,000
2012 $91,893,369 $121,980,414
2013 $94,685,836 $73,634,472
Product trade (2013)
21 HS Chapters
Canada - Panama
Chapter Exports Imports
01 Animal & Prod. $6,702,138 $674,696
02 Veg. Prod. $9,988,281 $2,929,673
03 Fats, Oils & Waxes Prod. $147,679 $
04 Food Prod. $5,542,095 $448,665
05 Mineral Prod. $488,253 $273,303
06 Chemical Prod. $12,209,894 $4,070
07 Plastics, Rubber Prod. $4,270,039 $2,362
08 Leather, Fur Prod. $47,423 $992
09 Wood Prod. $639,443 $172,884
10 Paper Prod. $7,628,762 $9,717
11 Textiles Prod. $2,407,722 $53,507
12 Dress Access. $300,826 $1,866
13 Glass & Stone Prod. $225,869 $2,794,793
14 Precious Metals/stones $1,080,334 $64,710,075
15 Base Metal Prod. $3,077,724 $44,245
16 Mach. Mech. Elec. Prod. $20,960,366 $1,246,014
17 Vehicles and Equip. $3,539,813 $8,444
18 Specialized Inst. $2,136,674 $246,302
19 Arms & Ammunition $ $
20 Misc. Articles $10,738,549 $2,602
21 Antiques $430,400 $10,262

Capital: Panama City
Population (million): 3.721
Total Area: 93,739km2
Currency: 1 CAN$ = 0.95 Balboa (PAB)(2013)
National Holiday: 03 November
Language(s): Spanish


Political Information

Type of State:
Republic

Type of Government:
Constitutional democracy. Panama is a centralized republic with a 72-seat unicameral Legislative Assembly. Presidential and legislative elections are held every 5 years.

Head of State:
President Juan Carlos Varela

Head of Government:
President Juan Carlos Varela

Ministers:
Vice President: Isabel Saint Malo de Alvarado
Foreign Affairs: Isabel Saint Malo de Alvarado
Commerce and Industry: Melitón Arrocha

Main Political Parties:
Panameñista Party: 12 Popular Party: 1 Democratic Change Party (CD): 31 Revolutionary Democratic Party (PRD): 25 Molirena Party: 1 Independent: 1

Elections:
Next Legislative and Presidential: May 2014


Economic Information (2013)

Comparative figures
Type Panama Canada
GDP: ($ billion) 41.68 1881.42
GDP per capita: ($) 11201.28 53593.83
GDP growth rate: (%) 8.37 2.02
Inflation: (%) 4.03 0.96
Unemployment: (%) 4.32 7.08

Trade and Investment (2013)

Canadian exports to country: $94,685,836
Canadian imports from country: $73,634,472
FDI in Canada: $ million
CDI in Panama: $ million


Representation

Foreign Representation in Canada:
Ambassador Jorge Hernan Miranda Corona

Canadian Representation Abroad:
Ambassador Sylvia Cesaratto


October 2014
Sources include: Statistics Canada, IMF

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Date Modified:
2010-02-21