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Central America

Panama

EU Compliance · Geopolitical Risk · Sourcing Attractiveness

EU Compliance

lower score = lower risk

4.7

Geopolitical Risk

lower score = lower risk

2.8

Sourcing Attractiveness

higher score = more attractive

5.1

Why these scores

EU Compliance, by dimension

Forced & child labour4
Worker rights & FOA4
OHS & audit transparency4
Food & product safety3
Environmental & regulatory5
Governance & anti-corruption8
Tariff & preferential access5
Non-tariff barriers4
Supply chain traceability5

1 = lowest risk · methodology & sources

Geopolitical Risk, by dimension

Geopolitical conflict2
Supplier concentration4
Climate & physical risk4
Sanctions exposure1
Policy continuity & property rights3

1 = lowest risk · methodology & sources

Attractiveness, by dimension

Labour cost competitiveness4
Supply base depth4
Logistics & infrastructure9
Workforce skills5
Scalability5
Ease of doing business7
Trade access & tariffs5
Sustainability baseline4
Innovation & IP3
Quality standards5

9 = most attractive · methodology & sources

Analyst scores, last reviewed June 2026; each dimension's sources and cadence are on its methodology page.

Data layers

The EU is Panama's #4 import source (world lens). Panama is the EU's #118 goods supplier.

Panama on the world stage

Panama$14.0bn total importsFree Zones23.3% · $3.3bnUS17.3% · $2.4bnUSA17.3% · $2.4bnChina15.4% · $2.2bnEU-278.5% · $1.2bnPanama5.8% · $809mMexico4.5% · $631mASEAN-62.3% · $317mJapan1.8% · $248m

Total imports

$14.0bn

2024 annual

Total exports

$1.2bn

107 partners

#1 import source

Free Zones

23.3%

#1 export dest.

USA

20.2%

2024 annual, UN Comtrade (HS TOTAL, all partners). Line colour: coverage (exports/imports per partner).

Panama and the EU

EU imports from

€779m

0.0% of extra-EU

EU exports to

€3.9bn

0.1% of extra-EU

EU supplier rank

EU's #118 supplier

EU trade balance

balanced or surplus

coverage 5.01

2025 annual totals, Eurostat COMEXT. EU trade board →

Electricity & grid

National sources · carbon from Ember

Electricity costs →

Industrial

139

EUR/MWh

Consumer

169

EUR/MWh, all-in

Grid carbon

259

gCO₂e/kWh

Renewables

73%

of generation

Wholesale 159 EUR/MWh · market market

Power market

Take-or-pay / single-buyer lock-in

Market model

Competitive wholesale market

Direct PPA

Allowed

grid access: open

Reserve margin

Regulator

Independent

ASEP (Autoridad Nacional de los Servicios Publicos)

Hydro variability (El Nino droughts) and gas import dependence (Colon LNG terminal) create price spikes. Despite a competitive wholesale market, long-term PPAs and the single LNG import point concentrate risk.

Power markets: full layer →

Tracked infrastructure

1 gas plants

381 MW · 2 building

6 wind farms

337 MW · 2 building

5 solar farms

223 MW · 2 building

Operating assets tracked by Global Energy Monitor (CC BY 4.0); counts are tracked facilities, not exhaustive totals. Energy overview →

Metal mining

Tagged mines

5

1 production-backed

Acid-drainage prone

1

high water-risk ore class

Main commodities

Gold, Other mine, Copper

Mine-water verifiability

Blind spot

MiAMBIENTE regulates; limited open-data index

Water risk is inferred from the ore class, not site measurements. Global mines: full layer →

Monitored ports (1)

Balboa

Source: IMF PortWatch. Port count reflects monitoring coverage, not economic significance.

Demographics

UN World Population Prospects 2024 · medium variant

ASEAN demographics →

Median age

29.9

→ 38.2 by 2050

Fertility

2.11

above replacement

Working-age

65.8%

aged 15–64

Old-age dep.

14.2

→ 29.4 by 2050

Median age 1990–2050

Population 4.52M · peaks 2080

By 2050: +25% (5.63M)