Fact Sheet
Panama
Official Title:
Republic of Panama
General Information
Capital: Panama City
Population (million): 3.655
Total Area: 93,739km2
Currency: 1 CAN$ = 0.98 Balboa (PAB)(2012)
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 Ricardo MARTINELLI
Head of Government:
President Ricardo MARTINELLI
Ministers:
Vice President: Juan Carlos Varela
Foreign Affairs: Fernando Núñez Fábrega
Economy & Finance: Frank de Lima
Main Political Parties:
Cambio Democratico - 37
Partido Revolucionario Democrático -17
Panameñista - 10
Molirena- 06
Partido Popular -01
Elections:
Next Legislative and Presidential: May 2014
Economic Information (2012)
Please note that the economic statistics reflect Canadian dollars and the yearly averages for the year. If listed as ’0’ or absent, the statistic is currently unavailable.
| Type | Panama | Canada |
|---|---|---|
| GDP: ($ billion) | 36.24 | 1818.32 |
| GDP per capita: ($) | 9914.56 | 52209.92 |
| GDP growth rate: (%) | 10.67 | 1.84 |
| Inflation: (%) | 5.7 | 1.52 |
| Unemployment: (%) | 4.2 | 7.29 |
Trade and Investment (2012)
Canadian exports to country: $91,633,885
Canadian imports from country: $121,980,414
FDI in Canada: $ million
CDI in Panama: $ million
Representation
Foreign Representation in Canada:
Ambassador Jorge Hernan Miranda Corona
Canadian Representation Abroad:
Ambassador Sylvia Cesaratto
June 2013
Sources include: Statistics Canada, IMF
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