October 2011
Panama
                         
BASIC INDICATORS
Population (thousands, 2010)  3 517 Rank in world trade, 2010 Exports Imports
GDP (million current US$, 2010)  26 777 Merchandise  150 92
GDP (million current PPP US$, 2010)  48 804 excluding intra-EU trade 124 68
Current account balance (million US$, 2010) - 2 953 Commercial services 59 87
Trade per capita (US$, 2008-2010)  9 765 excluding intra-EU trade 39 63
Trade to GDP ratio (2008-2010)   137.3
Annual percentage change
2010   2005-2010 2009 2010
Real GDP (2005=100)   149 8 3 7
Exports of goods and services (volume, 2005=100)   157 9 -1 6
Imports of goods and services (volume, 2005=100)   160 10 -6 21
                         
TRADE POLICY
WTO accession 6 September 1997 Contribution to WTO budget (%, 2011) 0.087
Trade Policy Review 17, 19 September 2007 Import duties collected
GPA accession  Observer in total tax revenue ...
Tariffs and duty free imports to total imports ...
Tariff binding coverage (%)    100 Number of notifications to WTO and measures in force 
MFN tariffs Final bound Applied 2009 Outstanding notifications in WTO Central Registry   19
Simple average of import duties Goods RTAs - services EIAs notified to WTO 6 - 6
All goods   23.4   7.2 Anti-dumping (30 June 2010) 0
Agricultural goods (AOA)   27.6   13.4 Countervailing duties (30 June 2010) ...
Non-agricultural goods   22.7   6.2 Safeguards (22 October 2010)   0
Non ad-valorem duties (% total tariff lines)   0.2   0.0 Number of disputes (complainant - defendant) 
MFN duty free imports (%, 2009) Requests for consultation 5 - 1
in agricultural goods (AOA)   32.1 Original panel / Appellate Body (AB) reports 1 - 0
in non-agricultural goods   39.3 Compliance panel / AB reports (Article 21.5 DSU) 0 - 0
Services sectors with GATS commitments   70 Arbitration awards (Article 22.6 DSU) 0 - 0
                         
MERCHANDISE TRADE  Value Annual percentage change
2010   2005-2010 2009 2010
Merchandise exports, f.o.b. (million US$)   832 -4 -24 -12
Merchandise imports, c.i.f. (million US$)  9 145 17 -14 17
2010   2010
Share in world total exports    0.01 Share in world total imports  0.06
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   57.2 Agricultural products 11.7
Fuels and mining products   8.9 Fuels and mining products 19.3
Manufactures   11.0 Manufactures 66.9
  By main destination   By main origin
1. United States   19.8 1. China   24.9
2. Bolivarian Rep. of Venezuela   16.1 2. United States   20.5
3. Colombia   15.6 3. Singapore   10.4
4. Costa Rica   5.1 4. European Union (27)   9.0
5. Dominican Republic   5.0 5. Hong Kong, China   4.5
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2010   2005-2010   2009 2010
Commercial services exports (million US$)  6 013   13 -4 10
Commercial services imports (million US$)  2 681   9 -17 27
2010   2010
Share in world total exports   0.16   Share in world total imports 0.08
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   55.4   Transportation 57.5
Travel   27.9   Travel 14.8
Other commercial services   16.7   Other commercial services 27.7
                         
INDUSTRIAL PROPERTY 
Patent grants by patent office, 2008 Trademark registrations by office, 2009
Residents Non-residents  Total  Direct residents Direct non-residents Madrid  Total 
...   310   310  2 820  4 534 ...  7 354