Panama [+]Compare [E]dit [H]istory

Aliases: Republic of Panama, Republica de Panama

Object «Panama» was created due to

Add new object to «Panama» or move existing objects here.


Object «Panama» has attributes

Attribute Value
Geography
Area 75,420 km²
Continent North America
Land area 74,340 km²
Water area 1,080 km²
Land boundaries 687 km
Border countries
  • Colombia
  • Costa Rica
Coastline 2,490 km
Mean elevation 360 m
Lowest point 0 m
Highest point 3,475 m
People
Population 3,894,082
Official languages
  • Spanish
Religion Roman Catholic
Government
Long country name Republic of Panama
Short country name Panama
Long local name Republica de Panama
Short local name Panama
Former name Add
Government type Presidential republic
Capital Panama City
Economy
GDP (PPP) 104,100,000,000 USD
GDP (OER) 61,840,000,000 USD
GDP (real growth rate) 5.4 %
GDP - per capita (PPP) 25,400 USD
Gross national saving 38.9 % of GDP
Labor force 1,633,000
Unemployment rate 6 %
Population below poverty line 23 %
Budget revenues 12,430,000,000 USD
Budget expenditures 13,440,000,000 USD
Military expenditures Add
Taxes and other revenues 20.1 % of GDP
Budget surplus or deficit -1.6 % of GDP
Public debt 37.8 % of GDP
Inflation rate 0.9 %
Central bank discount rate Add
Commercial bank prime lending rate 7.52 %
Stock of narrow money 8,347,000,000 USD
Stock of broad money 8,347,000,000 USD
Stock of domestic credit 51,050,000,000 USD
Market value of publicly traded shares 12,540,000,000 USD
Current account balance -3,036,000,000 USD
Exports 15,500,000,000 USD
Imports 21,910,000,000 USD
Reserves of foreign exchange and gold 2,703,000,000 USD
External debt 91,530,000,000 USD
National currency balboas
National currency (code) PAB
National currency (symbol) B/.
National currency rate to USD 1

Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Colombia, Ecuador, and Venezuela - named the Republic of Gran Colombia. When the latter dissolved in 1830, Panama remained part of Colombia. With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. In 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of the century. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the subsequent decades. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were transferred to Panama by the end of 1999. An ambitious expansion project to more than double the Canal's capacity - by allowing for more Canal transits and larger ships - was carried out between 2007 and 2016.

Similar objects


Most often compared with


Everyone can something to edit or add.
There were 2 edits, no edits waiting approval. Last edited by Guest_1196(-101), May 26, 2020 (46 fields were changed)
[C]ompare » ×


Help · Contact us · Disclaimer · Contributors · Developers · Donate