Daily Almanac for
Jan 16, 2009
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Panama

Republic of Panama

National name: República de Panamá

President: Martín Torrijos Herrera (2004)

Current government officials

Land area: 29,340 sq mi (75,991 sq km); total area: 30,193 sq mi (78,200 sq km)

Population (2007 est.): 3,242,173 (growth rate: 1.6%); birth rate: 21.5/1000; infant mortality rate: 16.0/1000; life expectancy: 75.2; density per sq mi: 111

Capital and largest city (2003 est.): Panama City, 1,053,500 (metro. area), 437,200 (city proper)

Other large cities: San Miguelito, 309,500; Colón, 44,400

Monetary units: balboa; U.S. dollar

Languages: Spanish (official), English 14%, many bilingual

Ethnicity/race: mestizo 70%, Amerindian and mixed (West Indian) 14%, white 10%, Indian 6%

Religions: Roman Catholic 85%, Protestant 15%

Literacy rate: 93% (2003 est.)

Economic summary: GDP/PPP (2007 est.): $34.51 billion; per capita $10,300. Real growth rate: 11.2%. Inflation: 4.2%. Unemployment: 6.4%. Arable land: 7.26%. Agriculture: bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp. Labor force: 1.47 million; note: shortage of skilled labor, but an oversupply of unskilled labor (2007 est.); agriculture 15%, industry 18%, services 67% (2006 est.). Industries: construction, brewing, cement and other construction materials, sugar milling. Natural resources: copper, mahogany forests, shrimp, hydropower. Exports: $9.662 billion f.o.b.; note - includes the Colon Free Zone (2007 est.): bananas, shrimp, sugar, coffee, clothing. Imports: $12.1 billion f.o.b. (includes the Colon Free Zone) (2007 est.): capital goods, foodstuffs, consumer goods, chemicals. Major trading partners: U.S., Sweden, Spain, Netherlands, Costa Rica, Netherlands Antilles, Japan, Mexico, Colombia (2004).

Communications: Telephones: main lines in use: 432,900 (2006); mobile cellular: 1.694 million (2005). Radio broadcast stations: AM 80, FM 44, shortwave 0 (1998). Radios: 815,000 (1997). Television broadcast stations: 38 (including repeaters) (1998). Televisions: 510,000 (1997). Internet Service Providers (ISPs): 7,078 (2007). Internet users: 220,000 (2006).

Transportation: Railways: total: 355 km (2002). Highways: total 11,643 km; paved: 4,028 km; unpaved: 7,615 km (2000) . Waterways: 882 km navigable by shallow draft vessels; 82 km Panama Canal. Ports and harbors: Balboa, Cristobal, Coco Solo, Manzanillo (part of Colon area), Vacamonte. Airports: 116 (2007).

International disputes: none.

Major sources and definitions

Panama Canal.

Flag of Panama

Geography

The southernmost of the Central American nations, Panama is south of Costa Rica and north of Colombia. The Panama Canal bisects the isthmus at its narrowest and lowest point, allowing passage from the Caribbean Sea to the Pacific Ocean. Panama is slightly smaller than South Carolina. It is marked by a chain of mountains in the west, moderate hills in the interior, and a low range on the east coast. There are extensive forests in the fertile Caribbean area.

Government

Constitutional democracy.

History

Explored by Columbus in 1502 and by Balboa in 1513, Panama was the principal shipping point to and from South and Central America in colonial days. In 1821, when Central America revolted against Spain, Panama joined Colombia, which had already declared its independence. For the next 82 years, Panama attempted unsuccessfully to break away from Colombia. Between 1850 and 1900 Panama had 40 administrations, 50 riots, 5 attempted secessions, and 13 U.S. interventions. After a U.S. proposal for canal rights over the narrow isthmus was rejected by Colombia, Panama proclaimed its independence with U.S. backing in 1903.

For canal rights in perpetuity, the U.S. paid Panama $10 million and agreed to pay $250,000 each year, which was increased to $430,000 in 1933 and to $1,930,000 in 1955. In exchange, the U.S. got the Canal Zone—a 10-mile-wide strip across the isthmus—and considerable influence in Panama's affairs. On Sept. 7, 1977, Gen. Omar Torrijos Herrera and President Jimmy Carter signed treaties giving Panama gradual control of the canal, phasing out U.S. military bases, and guaranteeing the canal's neutrality.

Nicolas Ardito Barletta, Panama's first directly elected president in 16 years, was inaugurated on Oct. 11, 1984, for a five-year term. He was a puppet of strongman Gen. Manuel Noriega, a former CIA operative and head of the secret police. Noriega replaced Barletta with vice president Eric Arturo Delvalle a year later. In 1988, Noriega was indicted in the U.S. for drug trafficking, but when Delvalle attempted to fire him, Noriega forced the national assembly to replace Delvalle with Manuel Solis Palma. In Dec. 1989, the assembly named Noriega “maximum leader” and declared the U.S. and Panama to be in a state of war. In Dec. 1989, 24,000 U.S. troops seized control of Panama City in an attempt to capture Noriega after a U.S. soldier was killed in Panama. On Jan. 3, 1990, Noriega surrendered himself to U.S. custody and was transported to Miami, where he was later convicted of drug trafficking. Guillermo Endara, who probably would have won an election suppressed earlier by Noriega, was installed as president.

On Dec. 31, 1999, the U.S. formally handed over control of the Panama Canal to Panama. Meanwhile, Colombian rebels and paramilitary forces have made periodic incursions into Panamanian territory, raising security concerns. Panama has also faced increased drug and arms smuggling.

In May 2004 presidential elections, Martín Torrijos Herrera, the son of former dictator Omar Torrijos, won 47.5% of the vote. He took office in September.

Panamanians approved a plan to expand the Panama Canal in 2006. It will likely double the canal’s capacity and is expected to be completed in 2014-2015.

See also Encyclopedia: Panama.
U.S. State Dept. Country Notes: Panama
Republica de Panama Estadistica y Censo (In Spanish only): www.contraloria.gob.pa/index.htm


Palestinian State (proposed) Countries Papua New Guinea
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