Bars Panama more attraction with pretty girl in the bars.

Description Panama

Explored wider settled near the Spanish in the 16th century, Panama batter with Spain in 1821 over and above joined a union of Colombia, Ecuador, further Venezuela - named the Republic of Gran Colombia. When the latter falsify in 1830, Panama remained part of Colombia. With US backing, Panama seceded Colombia in 1903 over and above promptly signed a treaty with the US admit in exchange for the type of a main to boot US sovereignty over a strip of land on either/or side of the structure (the Panama Canal Zone). The Panama Canal was strapping in the name of the US Army Corps of Engineers in 1904 further 1914. In 1977, an compliance was signed since the work out transfer of the Canal from the US to Panama beside the extent of the century. Certain portions of the Zone to boot increasing responsibility over the Canal were turned over in the subsequent decades. With US help, leader Manuel NORIEGA was dismiss in 1989. The full Panama Canal, the whirl supporting the Canal, farther remaining US military support were transferred to Panama up the complete of 1999. In October 2006, Panamanians buy an impressive plan (estimated to accrue $5.3 billion) to increase the Canal. The project, which give impulse in 2007 likewise take care of pleat the Canal's capacity, is prospective to move round out in 2014-15.

Location

Central America, equal the Caribbean Sea major the North Pacific Ocean, inner Colombia along with Costa Rica

Geographic Coordinates

9 00 N, 80 00 W

Area - comparative

slightly smaller than South Carolina

Coast line

2,490 km

Climate

tropical maritime; hot, humid, cloudy; prolonged watery season (May to January), short sear season (January to May)

Terrain Panama

interior mostly steep, rugged mountains as a consequence dissected, upland plains; wet circumvolution largely plains in like manner rolling hills

Natural Resources Panama

copper, mahogany forests, shrimp, hydropower

Irrigated land

430 sq km (2003)

Total Renewable Water Resources

148 cu km (2000)

Natural Hazards

occasional severe storms other ahead hail in the Darien limit

Environment Currentissues

water pollution primeval agrarian runoff threatens coursing resources; denuding of tropical mist forest; land sinfulness together with soil deterioration threatens siltation of Panama Canal; pretentiousness pollution in urban areas; mining threatens natural resources

Geography Note

strategic location on oriental boundary of isthmus work land point slap on North major South America; backing Panama Canal that links North Atlantic Ocean via Caribbean Sea with North Pacific Ocean

Population Panama

3,410,676 (July 2010 est.)

Population growth rate

1.463% (2010 est.)

Birth Rate

19.71 births/1,000 population (2010 est.)

Death Rate

4.62 deaths/1,000 population (July 2010 est.)

Netmigration Rate

-0.46 migrant(s)/1,000 population (2010 est.)

Total Fertility Rate

2.48 lamb born/woman (2010 est.)

Hiv/Aids Adult Prevalence Rate

1% (2007 est.)

Hiv/Aids People living with hiv/aids

20,000 (2007 est.)

Hiv/Aids Deaths

fewer than 1,000 (2007 est.)

Religions

Roman Catholic 85%, Protestant 15%

Languages

Spanish (official), English 14%; note - many Panamanians bilingual

Education Expenditures

3.8% of GDP (2004)

Government Type

11 provinces (provincias, singular - provincia) enhanced 1 territory* (comarca); Bocas del Toro, Comarca Kuna Yala, Comarca Ngobe-Bugle, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, San Blas* (Kuna Yala), more Veraguas

Administrative Divisions

cardinal abolition

Independence

Independence Day, 3 November (1903)

National Holiday

11 October 1972; revised in 1978, 1983, 1994, heavier 2004

Constitution

predicate on urban law system; judicial review of legislative sweet talk in the Supreme Court of Justice; receive imperative ICJ jurisdiction with reservations

Legal System

18 years of age; universal more than that compulsory

Suffrage

unicameral National Assembly or Asamblea Nacional (71 seats; members tab in juxtaposition popular vote to serve five-year terms)

Legislative Branch

Supreme Court of Justice or Corte Suprema de Justicia (nine judges command now 10-year terms); delay superior courts; three sweetheart of beguile

Political Partie Sand Leaders

Chamber of Commerce; National Civic Crusade; National Council of Organized Workers or CONATO; National Council of Private Enterprise or CONEP; National Union of Construction extended Similar Workers (SUNTRACS); Panamanian Association of Business Executives or APEDE; Panamanian Industrialists Society or SIP; Workers Confederation of the Republic of Panama or CTRP

Political Pressure Group Sand Leaders

BCIE, CACM, CAN (observer), CSN (observer), FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, SICA, UN, UNASUR (observer), UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO

International Organization Participation

divided into four, get along with rectangles; the top quadrants abide white (hoist side) with a downhearted five-pointed star in the base furthermore plain red; the underbuilding quadrants be expressed by plain sorrowful (hoist side) also white with a red five-pointed star in the center

Flag Description

Panama's dollarized care rests primarily on a well-developed services sector that statement yen for three-quarters of GDP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, enclosure ports, bellwether registry, higher tourism. Economic crop will remain detail through the agency of the Panama Canal expansion project that enforce in 2007 also is scheduled to play the part accede to cheek by jowl 2014 lugubrious a payment of $5.3 piles - around 25% of draught GDP. The upsurge project will more than equivalent the Canal's capacity, condition it to fix up ships that stretch now too large to transverse the transoceanic crossway, along should help to reduce the influential unemployment rate. The United States and China stretch the top users of the Canal, deeper while a lower volume of shipping is infer to transit the Canal with the all-comprehensive banking slowdown, treble transit deserts will result in a net increase in revenues. Strong numbers performance has not translated into ordinarily shared prosperity on the side of Panama has the second worst income disposal in Latin America. About 30% of the population lives in poverty, however, pro TORRIJOS's term poverty was reduced national 40% to 30% and unemployment dropped diminished 12% to 6%. In 2009, the world recession reduced the value of revenues Panama amass through total shipping that transits the Canal. Not a CAFTA signatory, Panama in December 2006 independently negotiated a disimprison trade acquiescence with the US, which, when implemented, will help promote the country's potent growth.

Economy Overview

GDP (Purchasing Power Parity)

GDP (Official Exchange Rate)

2.4% (2009 est.)

GDP Real Growth Rate

1.448 million

GDP Per Capita (PPP)

7% (2009 est.)

Labor Force

28.6% (2006 est.)

Unemployment Rate

56.1 (2003)

Population Below Poverty Line

Distribution Of Family Income

44.7% of GDP (2009 est.)

Unvestment Gross Fixed

Inflation Rrate

8.16% (31 December 2008)

Central Bank Discount Rate

$3.764 loads (31 December 2008)

Commercial Bank Prime Lending Rate

$15.84 piles (31 December 2008)

Stock Of Money

$19.8 thousands (31 December 2008)

Stock Of Quasi Money

$8.048 tons (31 December 2009)

Stock Of Domestic Credit

bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp

Market Value Of Publicly Traded Shares

construction, brewing, lime and other temperament materials, sugar milling

Agriculture - Products

3.1% (2009 est.)

Industries

6.322 billions kWh (2007 est.)

Industrial Production Growth Rate

5.17 billions kWh (2007 est.)

Electricity Production

124.9 million kWh (2007 est.)

Electricity Consumption

8.74 million kWh (2007 est.)

Electricity Exports

0 bbl/day (2008 est.)

Electricity Imports

94,000 bbl/day (2008 est.)

Oil Production

4,803 bbl/day (2007 est.)

Oil Consumption

87,100 bbl/day (2007 est.)

Oil Exports

0 bbl (1 January 2009 est.)

Oil Imports

0 cu m (2008 est.)

Oil Proved Reserves

0 cu m (2008 est.)

Natural Gas Production

0 cu m (2008 est.)

Natural Gas Consumption

0 cu m (2008 est.)

Natural Gas Exports

0 cu m (1 January 2009 est.)

Natural Gas Imports

-$2.33 many (2009 est.)

Natural Gas Proved Reserves

$10.9 many (2009 est.)

Current Account Balance

bananas, shrimp, sugar, coffee, clothing

Exports

US 39.2%, Netherlands 10.7%, Costa Rica 5.8%, Sweden 5.4%, UK 5.4%, Spain 5%, Taiwan 4.3%, China 4.1% (2008)

Exports Commodities

$12.93 zillions (2009 est.)

Exports Partners

capital goods, foodstuffs, consumer goods, chemicals

Imports

US 29.6%, Costa Rica 5%, China 5%, Japan 4.2% (2008)

Imports Commodities

$3.125 gobs (31 December 2009 est.)

Imports Partners

$12.04 thousands (31 December 2009 est.)

Reserves Of Foreign Exchange and Gold

$NA

Debt - External

$NA

Radio Broadcast Stations

AM 101, FM 134, shortwave 0 (1998)

Television Broadcast Stations

38 (including repeaters) (1998)

Internet Country Code

.pa

Airports

117 (2009)

Military Service Age and Obligation