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    Panam� Econom�a 2000

      Econom�a - descripci�n: Because of its key geographic location, Panama's economy is service-based, heavily weighted toward banking, commerce, and tourism. The hand-over of the canal and military installations by the US has given rise to new construction projects. The MOSCOSO administration inherited an economy that is much more structurally sound and liberalized than the one inherited by its predecessor. Even though export demand is likely to remain slack in some key markets - especially the Andean countries - GDP growth in 2000 probably will be 3% to 4%. Key reform initiatives from the previous administration - including the privatization of public utilities - remain uncompleted. Although President MOSCOSO is unlikely to overturn any previous reforms, her populist leanings make it unlikely any new initiatives will be undertaken in the near future. Indeed, the government has failed to formulate a comprehensive economic policy framework, and the only concrete step it has taken by yearend 1999 has been a hike in agricultural tariffs.

      Producto Bruto Interno (PBI): purchasing power parity - $21 billion (1999 est.)

      PBI - Indice de Incremento real: 4.4% (1999 est.)

      PBI - por capital: purchasing power parity - $7,600 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 8%
      industry: 25%
      services: 67% (1997 est.)

      Poblaci�n bajo linea de pobertad: NA%

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: 0.5%
      highest 10%: 42.5% (1991)

      Indice de Inflaci�n (precios del consumidor): 1.5% (1999 est.)

      Fuerza Laboral: 1.044 million (1997 est.)
      note: shortage of skilled labor, but an oversupply of unskilled labor

      Fuerza Laboral - por ocupaci�n: agriculture 18%, industry 18%, services 64% (1997 est.)

      Indice de desempleo: 13.1% (1997 est.)

      revenues: $2.4 billion
      expenditures: $2.4 billion, including capital expenditures of $341 million (1997 est.)

      Industrias: construction, petroleum refining, brewing, cement and other construction materials, sugar milling

      Industrial production growth rate: 0.4% (1995 est.)

      Electricidad - Producci�n: 4.523 billion kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 25.56%
      hydro: 73.78%
      nuclear: 0%
      other: 0.66% (1998)

      Electricidad - consumci�n: 4.329 billion kWh (1998)

      Electricidad - exportaciones: 13 million kWh (1998)

      Electricidad - importaciones: 136 million kWh (1998)

      Agricultura - productos: bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp

      Exportaciones: $4.7 billion (f.o.b., 1999 est.)

      Exporationes - comodidades: bananas, shrimp, sugar, coffee

      Exportaciones - socios: US 40%, Sweden, Costa Rica, Spain, Benelux, Honduras (1998)

      Importaciones: $6.4 billion (f.o.b., 1999 est.)

      Importaciones - comodidades: capital goods, crude oil, foodstuffs, consumer goods, chemicals

      Importaciones - socios: US 40%, Central America and Caribbean, Japan (1998)

      Deuda - externa: $7 billion (1999)

      Ayuda economica - recipiente: $197.1 million (1995)

      Moneda: 1 balboa (B) = 100 centesimos

      Indice de intercambio: balboas (B) per US$1 - 1.000 (fixed rate)

      A�o Fiscal: calendar year

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    Revisto 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)