Panama City

Local time in Panama City -
The weather in Panama City 27°C bewolkt

Do business in Panama City

Panama City is more than just the Panama Canal. In fact, this Hub of the Americas has the fastest growing economy in all of Latin America.

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Stats about City


To see how this city (country) is doing economically, we have listed a number of important economic indices. The data comes from the World Bank, so it is reliable and always up-to-date, because it is refreshed automatically. You can also compare the data for this city with that of the other Cities of Opportunity. Click on the plus sign at the top right of the graph and select the relevant country.

Datasource Panama Netherlands Updated
Economic Growth (GDP Growth) World Bank - 20.99 % 2020 vs 2019 - 5.42 % 2020 vs 2019 15-09-2021
Gross Domestic Product (GDP) World Bank - 13.85 $ 2020 vs 2019 (billions) + 5.19 $ 2020 vs 2019 (billions) 15-09-2021
Ease of doing business index World Bank - 0.31 Ranking 2019 vs 2018 + 0.01 Ranking 2019 vs 2018 15-09-2021
Gross National Income (GNI) World Bank - 12.03 $ 2020 vs 2019 (billions) + 36.3 $ 2019 vs 2018 (billions) 15-09-2021

Facts and Figures Panama

Capital Panama City (population 881,000)
Other major cities Colón (population 242,000), David (population 193,000) and La Chorrera (population 190,000)
Average age 28.4 years
Surface area 75,517 km²
Number of inhabitants 4,159,000 – 2018
Time difference -7 hours on Dutch summer time and -6 on Dutch winter time
Currency US Dollar (USD) and Panamanian Balboa (PAB)
Head of state President Laurentio Cortizo
Language Spanish

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Lise Hordijk International Business Manager