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Overview
Basically, Panama has a service-based economy, with major international services such as the Colon Free Zone, the Panama Canal and ancillary service industries such as modern port facilities, as well as an International Banking Center.
GDP (2007) US$ 16,966.1 million
GDP - Real Growth Rate (2007) 11.2%
GDP - per capita (2007) US$ 5,080
Inflation Rate (consumer prices index) 2007 4.2%
Total Labor Force (projection as for March 2008) : 1,461,608
Employed : 1,368,958
Unemployed : 92,650
• For further information about Labor Force by Sector and Economic Activity, click here.
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- Unemployment Rate ( projection as for March 2008) 6.3%
Total Exports of Goods (f.o.b.)(2007) (*): US$ 1,120,471,168 F.O.B.
Total Imports of Goods (c.i.f.)(2007) (*): US$ 6,874,686,417 C.I.F.
Merchandise Trade Balance (**): US$ -5,754,215,249
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Japan is the 24th biggest export destination of Panama
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Japan is the 6th biggest import destination of Panama
Exports, Imports and Trade Balance Panama － Japan (2000-2007)
Exports to Japan |
US$ 53,889,996 |
Imports from Japan |
US$ 1,610,484,085 |
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US$ 1,556,594,089 (negative) |
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Years |
Imports US$ |
Exports US$ |
Merchandise Trade Balance |
2000 |
187,462,000 |
11,824,000 |
- 175,638,000 |
2001 |
128,975,000 |
12,067,000 |
- 116,908,000 |
2002 |
164,641,000 |
10,224,000 |
- 154,417,000 |
2003 |
193,230,000 |
5,977,000 |
- 187,253,000 |
2004 |
189,829,000 |
2,513,000 |
- 187,316,000 |
2005 |
188,156,989 |
3,412,438 |
- 184,744,551 |
2006 |
229,232,384 |
4,014,000 |
-225,218,384 |
2007 |
328,957,712 |
3,858,558 |
-325,099,154 |
Exports - commodities to Japan
Fish & Seafood, Live Trees & Plants, Food Waste, Aluminum & related products
Imports - commodities from Japan
Vehicles (not railway), Rubber, Iron & Steel, Machinery, Chemical Products
External Debt (2007)
US$ 8,275,625,000
Internal Debt (2007)
US$ 2,195,039,000
Total Public Debt (2007)
US$ 10,470,664,000
Currency
Balboa (nominal currency); US dollar circulates all over the country
Exchanges Rate
1 Balboa = 1 US$
Sources:
(*) Contraloría General de la República, Statistics and Census Direction (DEC) (Only ESP)
(**) Calculation based on Contraloría General de la República data
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