On this page you will find beneficial information regarding foreign direct investment in / trading with Panama. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Presidential Republic
Population: 4.351 million (2021)
GDP: 63.61 billion USD (2021)
Corporate Tax Rate: 25%
Personal Income Tax Rate: 15% - 25%
Major Exports: Copper Ore ($2.93B), Passenger and Cargo Ships ($686M), Packaged Medicaments ($278M), Bananas ($276M), and Refined Petroleum ($242M), exporting mostly to China ($1.11B), Japan ($782M), Guatemala ($508M), South Korea ($419M), and Spain ($395M).
Major Imports: Passenger and Cargo Ships ($7.09B), Refined Petroleum ($6.89B), Crude Petroleum ($5.72B), Packaged Medicaments ($790M), and Cars ($540M), importing mostly from China ($8.66B), United States ($6.73B), Japan ($4.8B), Ecuador ($3.95B), and Colombia ($2.4B).
Investment Agency: PROPANAMA
National Chamber of Commerce: Cámara de Comercio, Industrias y Agricultura de Panamá
Customs Agency: Autoridad Nacional de Aduanas