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Country Snapshot

Country Snapshot
Full country name Republic of Panama
Capital City Panama City
Population 4,202,572 (estimated 2024)
People Amerindian and mestizo 70%; Black 14%; White 10%; Amerindian 6%
Languages Spanish (official), 14% speak English, Indigenous languages
Religion 93% Christians: 75.3% Roman Catholic, 16.4% Protestants, 1.3% other Christians, 2.1% other religions, 4.8% no religious affiliation
Government Presidential Constitutional Republic
GDP US$ 38,100.6 million (Q2 – 2024)
Annual growth -7.3% (Q1 – 2024)
Inflation 1.9% (Q1 – 2024)
Major industries Banking, services, construction, petroleum, brewing, tourism, transportation, cement and other construction materials, sugar milling, shipping, agriculture, real estate, wholesale and retail sale, and manufacturing
Major trading partners USA, EU, Central America and the Caribbean, Japan, Canada, Colombia, and Venezuela
Visas Every visitor needs a valid passport and an onward ticket to enter Panama, but further requirements vary by country and occasionally change. The UK, the US, Germany, Switzerland, and most European countries need only a passport, while people from Cuba, Egypt, Lebanon, Mozambique, Uganda, and Yemen need a stamped visa or a tourist card.
Time EST (UTC -5)
Electricity Variable – majority of sockets have 110 V (same as the US), but there are occasional variations; some hotels have 220 V. Confirm with your hotel.
Weights & measures Kilograms, meters, and liters

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