GDP:
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purchasing power parity - $18.78 billion (2003 est.)
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GDP - real growth rate:
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4.1% (2003 est.)
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GDP - per capita:
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purchasing power parity - $6,300 (2003 est.)
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GDP - composition by sector:
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agriculture: 8.3%
industry: 14.7%
services: 77.1% (2003 est.)
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Investment (gross fixed):
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24.8% of GDP (2003)
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Population below poverty line:
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37% (1999 est.)
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Household income or consumption by percentage share:
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lowest 10%: 1.2%
highest 10%: 35.7% (1997)
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Distribution of family income - Gini index:
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48.5 (1997)
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Inflation rate (consumer prices):
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1.4% (2003 est.)
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Labor force:
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1.19 million
note: shortage of skilled labor, but an oversupply of unskilled labor (2003 est.)
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Labor force - by occupation:
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agriculture 20.8%, industry 18%, services 61.2% (1995 est.)
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Unemployment rate:
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13.8% (2003 est.)
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Budget:
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revenues: $2.995 billion
expenditures: $3.421 billion, including capital expenditures of $471 million (2003 est.)
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Public debt:
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73.3% of GDP (2003)
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Industries:
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construction, petroleum refining, brewing, cement and other construction materials, sugar milling
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Industrial production growth rate:
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7% (2003 est.)
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Electricity - production:
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4.039 billion kWh (2001)
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Electricity - production by source:
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fossil fuel: 37%
hydro: 61.3%
other: 1.7% (2001)
nuclear: 0%
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Electricity - consumption:
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3.681 billion kWh (2001)
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Electricity - exports:
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118 million kWh (2001)
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Electricity - imports:
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43 million kWh (2001)
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Oil - production:
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0 bbl/day (2001 est.)
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Oil - consumption:
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52,000 bbl/day (2001 est.)
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Oil - exports:
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NA (2001)
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Oil - imports:
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NA (2001)
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Agriculture - products:
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bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp
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Current account balance:
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$-408 million (2003)
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Exports:
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$5.237 billion f.o.b. (2003 est.)
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Exports - commodities:
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bananas, shrimp, sugar, coffee, clothing (1999)
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Exports - partners:
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US 19.8%, Germany 11.5%, Peru 7.2%, Belgium 6.7%, Japan 6.3%, Italy 4.2% (2003 est.)
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Imports:
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$6.622 billion f.o.b. (2003 est.)
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Imports - commodities:
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capital goods, crude oil, foodstuffs, consumer goods, chemicals (1999)
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Imports - partners:
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Japan 37.4%, US 12.8%, China 10.3%, Singapore 8%, Italy 4.3% (2003 est.)
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Reserves of foreign exchange & gold:
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$1.011 billion (2003)
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Debt - external:
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$8.834 billion (2003 est.)
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Economic aid - recipient:
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$197.1 million (1995)
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Currency:
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balboa (PAB); US dollar (USD)
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Currency code:
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PAB; USD
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Exchange rates:
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balboas per US dollar - 1 (2003), 1 (2002), 1 (2001), 1 (2000), 1 (1999)
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Fiscal year:
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calendar year
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