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Home Country Information Panama Panama

Panama

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Official Title: Panama

General Information

Capital: Panama City
Population: 3,226,000
Total Area: 93,739 km2
Currency: 1 CAN$ = 0.825354902608122 balboa
National Holiday: November 3 (1903 Independence Day)
Language(s): Spanish, English spoken widely

Political Information

Type of State:
Republic

Type of Government:
Republic of Panama; constitutional democracy, centralized republic with unicameral 72-member Legislative Assembly; presidential and legislative elections held every 5 years; 9 provinces and 1 territory.

Head of State:
President Martín Torrijos

Head of Government:
President Martín Torrijos

Ministers:
Foreign Relations: Samuel Lewis Navarro Economy and Finance: Ricaurte Vasquez

Main Political Parties:
PRD-Democratic Revolutionary Party: 42 PA-Arnulfista Party: 17 Solidariadad: 9 MOLIRENA-Nationalist Liberal Republican Movement: 4

Elections:
May 2009 (Presidential, legislative & municipal)

Economic Information

Please note that economic statistics reflect Canadian dollars and yearly averages for 2005. If blank, statistic unavailable.

 PanamaCanada
GDP:18.74 billions1371.4 billions
GDP per capita:580942460
GDP growth rate:6.4%2.9%
Inflation:2.9%2.2%
Unemployment:%6.7%

Trade and Investment

Canadian exports from country: $60,129,940
Canadian imports from country: $44,667,064
FDI in Canada: 75 million
CDI in Panama: 143 million

Representation

Foreign Representation in Canada:
Ambassador Romy Vasquez de Gonzalez

Foreign Consulates in Canada:

January 2007
Sources include: Statistics Canada, IMF, EIU, Election World

About the Latin America and Caribbean bureau | Country Information | News & Events | Canada and the Americas | Trade and Investment | Travelling to or from Canada? | Canadian Embassies Online

Last Updated:
2007-02-05
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