Panama
- Abstract
- Summary
- Comparative Statistical Analysis
- Strengths and Weakness
- Instruments ratifications
- Historical Data
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Wikipedia Country Information
Panama ( (listen) PAN-ə-mah, pan-ə-MAH; Spanish: Panamá IPA: [panaˈma] (listen)), officially the Republic of Panama (Spanish: República de Panamá), is a transcontinental country in Central America and South America, bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. The capital and largest city is Panama City, whose metropolitan area is home to nearly half the country's 4 million people.Panama was inhabited by indigenous tribes before Spanish colonists arrived in the 16th century. It broke away from Spain in 1821 and joined the Republic of Gran Colombia, a union of Nueva Granada, Ecuador, and Venezuela. After Gran Colombia dissolved in 1831, Panama and Nueva Granada eventually became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the US Army Corps of Engineers between 1904 and 1914. The 1977 Torrijos–Carter Treaties led to the transfer of the Canal from the United States to Panama on December 31, 1999. The surrounding territory was transferred in 1979.Revenue from canal tolls continues to represent a significant portion of Panama's GDP, although commerce, banking, and tourism are major and growing sectors. It is regarded as a high-income country. In 2019 Panama ranked 57th in the world in terms of the Human Development Index. In 2018, Panama was ranked seventh-most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index. Covering around 40 percent of its land area, Panama's jungles are home to an abundance of tropical plants and animals – some of them found nowhere else on earth. Panama is a founding member of the United Nations and other international organizations such as OAS, LAIA, G77, WHO, and NAM.
Instruments ratified: | 129 / 282 |
---|---|
World Average Ratifications: | 114 / 282 |
Ratification rate: | 48.85% |
World Average Rate: | 41.25% |
Weighted score: | 54.26% |
World Average Weighted Score: | 41.25% |
World rank: | 50 / 194 |
Central America rank: | 2 / 8 |
Central America Avg. Ratifications: | 112 / 282 |
Developing country rank: | 10 / 87 |
Developing country Avg. Ratifications: | 109 / 282 |
CONTRACTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
---|---|---|---|---|---|
Agency | 0/2 | 0.00% | 2.00% | 8 | Weak |
Conflict of laws | 0/7 | 0.00% | 3.00% | 27 | Weak |
E-commerce | 1/3 (33.33%) | 33.33% | 18.00% | 33 | Strong |
Franchising | 0/1 | 0.00% | 0.00% | 1 | Average |
Leasing/Factoring | 1/2 (50.00%) | 50.00% | 5.00% | 8 | Strong |
Principles, trade usages and standards | 0/2 | 0.00% | 0.00% | 1 | Average |
Procurement | 0/4 | 0.00% | 3.00% | 31 | Weak |
Sale of Goods | 0/5 | 0.00% | 25.00% | 89 | Weak |
Travel contracts | 0/1 | 0.00% | 3.00% | 7 | Weak |
Total | 2 | 11.59% | 9.00% | 72 | Strong |
CUSTOMS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Customs Codification | 2/3 (66.67%) | 100.00% | 78.00% | 1 | Strong |
Customs Cooperation | 0/6 | 0.00% | 26.00% | 117 | Weak |
Exemption from Duties | 0/9 | 0.00% | 30.00% | 133 | Weak |
Temporary Admission | 0/11 | 0.00% | 28.00% | 126 | Weak |
Transit | 0/4 | 0.00% | 28.00% | 98 | Weak |
Total | 2 | 5.43% | 31.00% | 151 | Weak |
DISPUTE RESOLUTION | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Arbitration | 1/6 (16.67%) | 25.00% | 32.00% | 86 | Weak |
Judicial cooperation | 1/5 (20.00%) | 26.32% | 36.00% | 76 | Weak |
Recognition of foreign judgments | 0/2 | 0.00% | 2.00% | 6 | Weak |
State court jurisdiction | 0/4 | 0.00% | 14.00% | 29 | Weak |
State court procedure | 0/1 | 0.00% | 6.00% | 12 | Weak |
State immunities | 0/1 | 0.00% | 11.00% | 22 | Weak |
Total | 2 | 20.00% | 29.00% | 95 | Weak |
ENVIRONMENT AND PRODUCTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Air | 5/5 (100.00%) | 100.00% | 86.00% | 1 | Strong |
Chemicals | 1/1 (100.00%) | 100.00% | 78.00% | 1 | Strong |
Energy | 0/2 | 0.00% | 25.00% | 50 | Weak |
Flora and fauna | 9/10 (90.00%) | 89.13% | 68.00% | 17 | Strong |
Foodstuff | 2/2 (100.00%) | 100.00% | 79.00% | 1 | Strong |
General | 1/1 (100.00%) | 100.00% | 95.00% | 1 | Weak |
International watercourses | 0/1 | 0.00% | 18.00% | 36 | Weak |
Maritime and Law of the Sea | 14/26 (53.85%) | 56.52% | 46.00% | 73 | Strong |
Protected geographical areas | 0/1 | 0.00% | 27.00% | 54 | Weak |
Waste | 1/1 (100.00%) | 100.00% | 93.00% | 1 | Weak |
Total | 33 | 73.44% | 61.00% | 43 | Strong |
FINANCE, PAYMENTS AND INSOLVENCY | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Assignment of receivables | 0/1 | 0.00% | 1.00% | 2 | Weak |
Bankruptcy and insolvency | 0/1 | 0.00% | 21.00% | 41 | Weak |
Bills of exchange and promissory notes | 0/4 | 0.00% | 8.00% | 43 | Weak |
Cheques | 0/3 | 0.00% | 13.00% | 36 | Weak |
Credit transfers | 0/1 | 0.00% | 0.00% | 1 | Average |
International guarantees | 3/3 (100.00%) | 100.00% | 20.00% | 1 | Strong |
Total | 3 | 26.83% | 12.00% | 16 | Strong |
GOOD GOVERNANCE | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Corruption | 2/4 (50.00%) | 66.67% | 50.00% | 34 | Strong |
Cultural Property | 4/4 (100.00%) | 100.00% | 54.00% | 1 | Strong |
Drugs | 3/3 (100.00%) | 100.00% | 95.00% | 1 | Weak |
Insider Trading | 0/1 | 0.00% | 4.00% | 9 | Weak |
Organized crime | 2/2 (100.00%) | 100.00% | 80.00% | 1 | Strong |
Total | 11 | 90.38% | 68.00% | 7 | Strong |
HUMAN RIGHTS AND LABOUR STANDARDS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Human Rights | 7/7 (100.00%) | 100.00% | 96.00% | 1 | Weak |
Labour Standards | 7/8 (87.50%) | 87.50% | 86.00% | 134 | Weak |
Total | 14 | 93.33% | 91.00% | 126 | Weak |
INSTITUTIONAL PARTICIPATION | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Dispute Resolution | 1/1 (100.00%) | 100.00% | 39.00% | 1 | Strong |
International Trade Law | 8/10 (80.00%) | 80.00% | 73.00% | 56 | Average |
Trade support institutions | 3/6 (50.00%) | 50.00% | 51.00% | 82 | Weak |
Total | 12 | 70.59% | 63.00% | 69 | Strong |
INTELLECTUAL PROPERTY | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Broadcasting | 1/1 (100.00%) | 100.00% | 47.00% | 1 | Strong |
Copyright | 3/3 (100.00%) | 100.00% | 65.00% | 1 | Strong |
Industrial designs | 0/2 | 0.00% | 31.00% | 82 | Weak |
Integrated circuits | 0/1 | 0.00% | 2.00% | 4 | Weak |
Neighboring Rights | 3/3 (100.00%) | 100.00% | 46.00% | 1 | Strong |
Origin | 0/3 | 0.00% | 14.00% | 51 | Weak |
Patents | 3/5 (60.00%) | 71.43% | 57.00% | 60 | Strong |
Trademarks | 1/6 (16.67%) | 22.73% | 33.00% | 86 | Weak |
Varieties of plants | 1/1 (100.00%) | 100.00% | 37.00% | 1 | Strong |
Total | 12 | 56.84% | 42.00% | 60 | Strong |
INVESTMENTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Investment disputes | 1/2 (50.00%) | 50.00% | 39.00% | 2 | Strong |
Investment guaranty | 1/1 (100.00%) | 100.00% | 93.00% | 1 | Weak |
Total | 2 | 66.67% | 57.00% | 2 | Strong |
PRODUCTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Marine Resources | 1/1 (100.00%) | 100.00% | 24.00% | 1 | Strong |
Timber | 1/1 (100.00%) | 100.00% | 31.00% | 1 | Strong |
General | 1/1 (100.00%) | 100.00% | 92.00% | 1 | Weak |
Total | 3 | 100.00% | 53.00% | 1 | Strong |
TRANSPORT AND TELECOMMUNICATIONS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Air transport | 6/7 (85.71%) | 85.71% | 59.00% | 47 | Strong |
Aircrafts and civil aviation | 6/9 (66.67%) | 88.00% | 74.00% | 37 | Strong |
Maritime shipping and load lines | 10/13 (76.92%) | 85.71% | 66.00% | 55 | Strong |
Maritime transport | 6/12 (50.00%) | 33.33% | 27.00% | 55 | Strong |
Multi modal transport | 0/2 | 0.00% | 4.00% | 15 | Weak |
Rail transport | 0/3 | 0.00% | 22.00% | 50 | Weak |
Road transport | 0/4 | 0.00% | 31.00% | 86 | Weak |
Space | 1/4 (25.00%) | 16.67% | 40.00% | 103 | Weak |
Telecommunications | 2/2 (100.00%) | 100.00% | 47.00% | 1 | Strong |
Total | 31 | 57.43% | 50.00% | 71 | Strong |
TREATIES LAW | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
General | 1/4 (25.00%) | 41.67% | 30.00% | 41 | Strong |
Total | 1 | 41.67% | 30.00% | 41 | Strong |
WTO | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Plurilateral Agreements | 0/2 | 0.00% | 18.00% | 45 | Weak |
WTO Agreements | 1/1 (100.00%) | 100.00% | 81.00% | 1 | Strong |
Total | 1 | 45.45% | 47.00% | 45 | Weak |
Strong | |
---|---|
Contracts | E-commerce |
Contracts | Leasing/Factoring |
Customs | Customs Codification |
Environment and products | Air |
Environment and products | Chemicals |
Environment and products | Flora and fauna |
Environment and products | Foodstuff |
Environment and products | Maritime and Law of the Sea |
Finance, payments and insolvency | International guarantees |
Good Governance | Corruption |
Good Governance | Cultural Property |
Good Governance | Organized crime |
Institutional Participation | Dispute Resolution |
Intellectual property | Broadcasting |
Intellectual property | Copyright |
Intellectual property | Neighboring Rights |
Intellectual property | Patents |
Intellectual property | Varieties of plants |
Investments | Investment disputes |
Products | Marine Resources |
Products | Timber |
Transport and telecommunications | Air transport |
Transport and telecommunications | Aircrafts and civil aviation |
Transport and telecommunications | Maritime shipping and load lines |
Transport and telecommunications | Maritime transport |
Transport and telecommunications | Telecommunications |
Treaties law | General |
WTO | WTO Agreements |
Average | |
Contracts | Franchising |
Contracts | Principles, trade usages and standards |
Finance, payments and insolvency | Credit transfers |
Institutional Participation | International Trade Law |
Weak | |
Contracts | Agency |
Contracts | Conflict of laws |
Contracts | Procurement |
Contracts | Sale of Goods |
Contracts | Travel contracts |
Customs | Customs Cooperation |
Customs | Exemption from Duties |
Customs | Temporary Admission |
Customs | Transit |
Dispute resolution | Arbitration |
Dispute resolution | Judicial cooperation |
Dispute resolution | Recognition of foreign judgments |
Dispute resolution | State court jurisdiction |
Dispute resolution | State court procedure |
Dispute resolution | State immunities |
Environment and products | Energy |
Environment and products | General |
Environment and products | International watercourses |
Environment and products | Protected geographical areas |
Environment and products | Waste |
Finance, payments and insolvency | Assignment of receivables |
Finance, payments and insolvency | Bankruptcy and insolvency |
Finance, payments and insolvency | Bills of exchange and promissory notes |
Finance, payments and insolvency | Cheques |
Good Governance | Drugs |
Good Governance | Insider Trading |
Human Rights and Labour Standards | Human rights |
Human Rights and Labour Standards | Labour Standards |
Institutional Participation | Trade support institutions |
Intellectual property | Industrial designs |
Intellectual property | Integrated circuits |
Intellectual property | Origin |
Intellectual property | Trademarks |
Investments | Investment guaranty |
Products | General |
Transport and telecommunications | Multi modal transport |
Transport and telecommunications | Rail transport |
Transport and telecommunications | Road transport |
Transport and telecommunications | Space |
WTO | Plurilateral Agreements |
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