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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
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
2014 $95,450,069 $11,075,393
Product trade (2014)
21 HS Sections
Canada - Panama
Section Exports Imports
01 Animal & Prod. $9,765,673 $1,541,077
02 Veg. Prod. $11,213,637 $3,949,188
03 Fats, Oils & Waxes Prod. $110,003 $
04 Food Prod. $5,054,123 $772,101
05 Mineral Prod. $371,273 $14,629
06 Chemical Prod. $12,502,361 $26,284
07 Plastics, Rubber Prod. $6,268,138 $295,825
08 Leather, Fur Prod. $90,424 $1,860
09 Wood Prod. $1,071,044 $518,962
10 Paper Prod. $9,088,850 $13,146
11 Textiles Prod. $2,156,296 $104,217
12 Dress Access. $525,440 $2,825
13 Glass & Stone Prod. $2,160,499 $1,330,962
14 Precious Metals/stones $1,962,082 $489,408
15 Base Metal Prod. $3,444,571 $59,371
16 Mach. Mech. Elec. Prod. $17,307,246 $1,859,502
17 Vehicles and Equip. $2,990,578 $29,445
18 Specialized Inst. $1,941,184 $57,533
19 Arms & Ammunition $5,880 $
20 Misc. Articles $3,709,622 $8,677
21 Antiques $112,821 $

Capital: Panama City
Population (million): 3.928
Total Area: 93,739km2
Currency: 1 CAN$ = 0.9 Balboa (PAB)(2014)
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: 2019


Economic Information (2014)

Comparative figures
Type Panama Canada
GDP: ($ billion) 48.36 1975.58
GDP per capita: ($) 12311.84 55662.75
GDP growth rate: (%) 6.2 2.53
Inflation: (%) 2.63 1.9
Unemployment: (%) 4.1 6.92

Trade and Investment (2014)

Canadian exports to country: $95,450,069
Canadian imports from country: $11,075,393
FDI in Canada: $ million (2013)
CDI in Panama: $ million (2013)


Representation

Foreign Representation in Canada:
Ambassador-Designate Alberto Arosema Medina

Canadian Representation Abroad:
Ambassador Sylvia Cesaratto


April 2015
Sources include: Statistics Canada, IMF

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Date Modified:
2010-02-21