Inadequate access to sanitation contributes to a high incidence of diarrhea in Panama's children, which is one of the main causes of Panama's elevated chronic malnutrition rate, especially among indigenous communities. Contraceptive prevalence rate81% (2015/16)50. 8% (2014/15) Dependency ratiostotal dependency ratio: 45. 4youth dependency ratio: 32.
8%, other 0. 4%, unspecified 0. 2%), Black or African descent 9. 2%, Mulatto 6. 8%, White 6. 7% (2010 est. ) HIV/AIDS - people living with HIV/AIDS180, 000 (2020 est. )31, 000 (2020 est. )note: estimate does not include children ReligionsRoman Catholic 79%, Protestant 14% (includes Pentecostal 6%, mainline Protestant 2%, other 6%), other 2%, unspecified 5% (2014 est. )Roman Catholic 48. 6%, Evangelical 30. 2%, other 4. 7%, agnostic 0.
72 male(s)/femaletotal population: 0. 98 male(s)/female (2020 est. )at birth: 1. 04 male(s)/female0-14 years: 1. 04 male(s)/female15-24 years: 1. 04 male(s)/female25-54 years: 1. 03 male(s)/female55-64 years: 0. 99 male(s)/female65 years and over: 0. 84 male(s)/femaletotal population: 1. 01 male(s)/female (2020 est.
2% of populationrural: 72. 4% of populationtotal: 89. 1% of populationunimproved: urban: 2. 8% of populationrural: 27. 6% of populationtotal: 10. 9% of population (2017 est. ) Major cities - population11. 167 million BOGOTA (capital), 4. 034 million Medellin, 2. 810 million Cali, 2. 299 million Barranquilla, 1.
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Colombia hopes to accede to the Organization for Economic Cooperation and Development. Panama's dollar-based economy rests primarily on a well-developed services sector that accounts for more than three-quarters of GDP. Services include operating the Panama Canal, logistics, banking, the Colon Free Trade Zone, insurance, container ports, flagship registry, and tourism and Panama is a center for offshore banking.
)1. 16% (2021 est. ) Birth rate16. 51 births/1, 000 population (2021 est. )16. 67 births/1, 000 population (2021 est. ) Death rate5. 53 deaths/1, 000 population (2021 est. )5. 01 deaths/1, 000 population (2021 est. ) Net migration rate-0. 6 migrant(s)/1, 000 population (2021 est. )-0. 11 migrant(s)/1, 000 population (2021 est. ) Sex ratioat birth: 1. 06 male(s)/female0-14 years: 1. 05 male(s)/female15-24 years: 1. 04 male(s)/female25-54 years: 0. 99 male(s)/female55-64 years: 0. 9 male(s)/female65 years and over: 0.
Panama's transportation and logistics services sectors, along with infrastructure development projects, have boosted economic growth; however, public debt surpassed $37 billion in 2016 because of excessive government spending and public works projects. The US-Panama Trade Promotion Agreement was approved by Congress and signed into law in October 2011, and entered into force in October 2012. Future growth will be bolstered by the Panama Canal expansion project that began in 2007 and was completed in 2016 at a cost of $5.
3 billion - about 10-15% of current GDP. The expansion project more than doubled the Canal's capacity, enabling it to accommodate high-capacity vessels such as tankers and neopanamax vessels that are too large to traverse the existing canal. The US and China are the top users of the Canal. Strong economic performance has not translated into broadly shared prosperity, as Panama has the second worst income distribution in Latin America.
About one-fourth of the population lives in poverty; however, from 2006 to 2012 poverty was reduced by 10 percentage points. GDP (purchasing power parity)$741. 099 billion (2019 est. )$717. 7 billion (2018 est. )$700. 091 billion (2017 est. )note: data are in 2010 dollars$133. 587 billion (2019 est. )$129. 688 billion (2018 est.