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Facts and Figures of Panama 2010
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Just a few years ago, villa, penthouse, apartment or condominiums in Panama have cost a lot of money. Today, however, the real estate in Panama dropped in price and local realtors have much more affordable deals. For the price of $100,000 today you can buy real estate in Panama of 80 square meters. Cost of penthouses and villas in Panama were also dropped, so today everyone has the opportunity to take advantage of enticing offers and buy property in the country that represents a pure democracy.

Business Panama
Regions of Panama: Facts & Figures
Country Snapshot 2011
Full Country Name
Republic of Panama
Area
78,000 sq km (30,420 sq mi)
Population
3.3 million (annual growth rate 1.964%)
Capital City
Panama city (pop. 3,191.319)
People
70% Mestizo, 14% African descent, 10% Spanish descent, 14% Aboriginal
Languages
Spanish (official), 18% speak English, A thriving multicultural community; there are minority groups which speak Chinese, Hindustan and Hebrew.
Religion
85% Roman Catholic, 10% Protestants, 5% Islamic
Government
Constitutional Democratic Republic
GDP
US$19,374.2 millions - GDP growth of 3.2 % - 2010 – General Receiver of Panama
GDP per head
$5,615 – General Receiver of Panama 2010
Anual growth
5.0 % estimated (2010)- General Receiver of Panama
Inflation
Average 3.2 % (2010) – General Receiver of Panama
Major Industries
Banking, services, construction, petroleum refinig, brewing, tourism, cement and other construction materials, sugar milling, shipping and agriculture.
Major Trading Partners
USA, EU, Central America & Caribbean, Japan
Visas
Every visitor needs a valid passport and an onward ticket to enter Panama, but further requirements vary from country to country and occasionally change. UK, Germany and Switzerland citizens and many other nationalities need only a passport, while people from Japan, New Zealand, USA, Venezuela and more need a tourist visa or tourist card (US$5) as well. Contact an embassy or consulate for current details.
Time
GMT/UTC minus 5 hours
Electricity
Variable - either 110V or 220V
Weights & measures
Metric System



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