Facts about Panama

Some Facts About Panama

• Population:

3 million

• Climate:

Tropical

• Rainy season:

May to November

• Dry season:

November to May

• Size:

29,208 sq. miles, about the size of South Carolina

• Language:

Spanish, English a strong second language

• Government:

Democratic

• Religion:

85% Catholic, 15% Protestant

• Ethnic groups:

70% mestizo, 14% black, 10% white, 6% Amerindian

• Currency:

US dollar

• Economy:

75% services, 16% industry, 10% agriculture

• Inflation rate :

1.50%

• Unemployment rate:

14%

• Major trade partners Exports:

USA , Germany , Sweden

• Imports:

USA, Japan, Ecuador

• Key domestic industries:

Financial services, Free Zone operations, Tourism, Transshipment-related (Canal, Ports, logistical center activities) construction, insurance, manufacturing

• Exports:

Bananas, shrimp