Panama Country Code +507

Panama has 12 holidays and observances (1 national, 11 public, 0 observances). The national day is Separation Day, on November 3. Offices and many businesses close on public holidays, so plan calls around them.

“Varies”: the date follows a lunar, religious or weekday rule and changes every year.

Climate:

Tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)

Terrain:

Interior mostly steep, rugged mountains with dissected, upland plains; coastal plains with rolling hills

Natural resources:

Copper, Mahogany forests, Shrimp, Hydropower

Land borders:

Colombia, Costa Rica

Land use:

agricultural 29.5% (arable 7.6%), forest 62.3% (2023)

Sources: CIA World Factbook (data as of September 2026); area: World Bank 2023.

Currency:

Balboa (PAB), US Dollar (USD)

GDP by sector:

Agriculture 3%, Industry 25%, Services 70% (2025)

Top exports:

Ores (20%), Fish and seafood (13%), Gold, gems and jewelry (10%), Fruit and nuts (7%), Animal and vegetable fats and oils (6%)

Top imports:

Mineral fuels and oil (18%), Vehicles and parts (10%), Machinery and computers (8%), Electrical equipment and electronics (7%), Pharmaceuticals (6%)

Main export markets:

USA (16%), India (8%), Japan (8%), Bulgaria (5%), Netherlands (4%)

Main suppliers:

USA (18%), China (15%), Mexico (4%), Costa Rica (3%), Japan (3%)

Sources: World Bank (GDP, growth, inflation, ILO-modeled unemployment, sectors), UNDP Human Development Report 2025, UN Comtrade (goods trade 2025, shares of the total by value), ISO 4217. Years in brackets are the latest available.