2% (2004 est.)

Investment (gross fixed):
25% of GDP (2004 est.)

Budget:
revenues: $3.095 billion
expenditures: $3.737 billion, including capital expenditures of $471
million (2004 est.)

Public debt:
69.2% of GDP (2004 est.)

Agriculture - products:
bananas, rice, corn, coffee, sugarcane, vegetables; livestock;
shrimp

Industries:
construction, brewing, cement and other construction materials,
sugar milling

Industrial production growth rate:
5.4% (2004 est.)

Electricity - production:
4.873 billion kWh (2002)

Electricity - production by source:
fossil fuel: 37%
hydro: 61.3%
nuclear: 0%
other: 1.7% (2001)

Electricity - consumption:
4.473 billion kWh (2002)

Electricity - exports:
120 million kWh (2002)

Electricity - imports:
61 million kWh (2002)

Oil - production:
0 bbl/day (2004 est.)

Oil - consumption:
40,520 bbl/day (2003 est.)

Oil - exports:
NA

Oil - imports:
NA

Current account balance:
$-469.6 million (2004 est.)

Exports:
$5.699 billion f.o.b. (includes the Colon Free Zone) (2004 est.)

Exports - commodities:
bananas, shrimp, sugar, coffee, clothing (1999)

Exports - partners:
US 50.5%, Sweden 6.6%, Spain 5.1%, Netherlands 4.4%, Costa Rica
4.2% (2004)

Imports:
$7.164 billion f.o.b. (includes the Colon Free Zone) (2004 est.)

Imports - commodities:
capital goods, foodstuffs, consumer goods, chemicals

Imports - partners:
US 33.3%, Netherlands Antilles 8.1%, Japan 6%, Costa Rica 5.7%,
Mexico 4.6%, Colombia 4.2% (2004)

Reserves of foreign exchange and gold:
$1.076 billion (2004 est.)

Debt - external:
$8.78 billion (2004 est.)

Economic aid - recipient:
$197.1 million (1995)

Currency (code):
balboa (PAB); US dollar (USD)

Currency code:
PAB; USD

Exchange rates:
balboas per US dollar - 1 (2004), 1 (2003), 1 (2002), 1 (2001), 1
(2000)

Fiscal year:
calendar year

Communications Panama

Telephones - main lines in use:
386,900 (2002)

Telephones - mobile cellular:
834,000 (2003)

Telephone system:
general assessment: domestic and international facilities well
developed
domestic: NA
international: country code - 507; 1 coaxial submarine cable;
satellite earth stations - 2 Intelsat (Atlantic Ocean); connected to
the Central American Microwave System

Radio broadcast stations:
AM 101, FM 134, shortwave 0 (1998)

Radios:
815,000