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Economic Development of Central America Econ. 4200 - Spring 2004 – Dr. Taylor - page 147 / 153

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President: Mireya Moscoso (1999)

Area: 30,193 sq mi (78,200 sq km)

Population (2004 est.): 3,000,463 (growth rate: 1.3%); birth rate: 20.4/1000; infant mortality rate: 21.0/1000; life expectancy: 72.1; density per sq mi: 99

Capital and largest city (2003 est.): Panama City, 1,053,500 (metro.area), 437,200 (city proper)

Monetary unit: balboa (coins); U.S. dollar (all paper currency)

Economic summary: GDP/PPP (2002 est.): $18.06 billion; per capita $6,200. Real growth rate: 0.7%. Inflation: 1.1% (2001 est.).

Exports: $5.8 billion (f.o.b., 2002 est.): bananas, shrimp, sugar, coffee, clothing.

Imports: $6.7 billion (f.o.b., 2002 est.): capital goods, crude oil, foodstuffs, consumer goods, chemicals.

Major trading partners: U.S., Sweden, Costa Rica, Honduras, Colombia, Japan, Venezuela.

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