Panama

Country:   Panama

Flag of PanamaLocation of Panama

Population: 3,510,000  (Estimate July 2012)

Language(s): Spanish(official), English 14%

Currency:   Balboa PAB

GDP: $50.2 billon (estimated 2011)

Top Import Commodities:

  • Fuel products
  • Medicine
  • Vehicles
  • Iron and Steel rods
  • Cellular phones

Japan 25.3%; China 19.6%; Singapore 12.3%; US 10%; S. Korea $9.3%; Ecuador 4.1%

 

Other Information:

  • Free Trade Agreement –tariffs decreased 10-15% to0%
  • US Export increase34% in one year
  • Dollarized Economy
  • Stable Economy