Panama Economy - 1986

GEOGRAPHICAL NAMES 

GNP: $4.1 billion (1984), $2,159 per capita; real growth (1984), — 10%

Natural resources: copper, mahogany forests, shrimp

Agriculture: main crops—bananas, rice, sugarcane, coffee, corn; self-sufficient in basic foods· an illegal producer of cannabis for the international drug trade

Fishing- catch 143,000 metric tons (1983); exports $53 2 million (1984)

Major industries: food processing, beverages, petroleum products, construction materials, clothing, paper products

Electric power: 1,200,000 kW capacity (1985); 3.1 billion kWh produced (1985), 1,420 kWh per capita

Exports: $419 million (f.o.b., 1984); petroleum products, bananas, shrimp, sugar

Imports: $1.34 billion (f.o.b., 19841; petroleum products, manufactured goods, machinery and transportation equipment, chemicals, foodstuffs

Major trade partners: exports—59.1 % US, 17% Central America and Caribbean, 16% EC, 8% other; imports—30% US, 19% Central America and Caribbean, 10% Mexico, 8% Japan, 8% Venezuela, 6% EC, 15% other (1984)

Aid: economic—US, including Ex-Im commitments (FY70-84), $394 million, Western (non-US; countries, ODA and OOF (1970-83), $468 million; Communist countries (1970-84), $5 million; military—US (FY70-84), $37 million

Budget: (1984) revenues, $886 million, expenditures, $1,175 billion

Monetary conversion rate: 1 balboa=US$l (January 1986)

Fiscal year calendar year

NOTE: The information regarding Panama on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Panama 1986 information contained here. All suggestions for corrections of any errors about Panama 1986 should be addressed to the CIA or the source cited on each page.