Panama

2017 Panama Key Figures
Population: 4.10 million
GDP growth rate: 5.36 %/year
Energy independence: 21.1%
Total consumption/GDP:* 70.7 (2015=100)
CO2 Emissions: 2.43 tCO2/capita
Rate of T&D power losses: 13.9%
* at purchasing power parity
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Panama Related Research

Total Energy consumption

In 2017, per capita energy consumption was 1.2 toe, including around 2 200 kWh of electricity.

Driven by a very dynamic economic growth, total energy consumption increased at a very rapid average pace since 2008 (around 5%/year).

Oil is the main energy source consumed, accounting for 78% of the country's energy consumption, followed by hydroelectricity (13%) biomass (7%), coal ...

Panama energy report

 Total energy consumption

Crude oil production

Panama imports all its oil products (7.9 Mt in 2017). Most of the oil products are imported from Curacao, followed by the United States.

The national production of oil products ceased in 2003 when the refinery was transformed into an import terminal.

Under the terms of the treaty signed in 1977, the Panama Canal came under Panamanian sovereignty in 1999. In 1982, in order to ...


 Crude oil production

CO2 fuel combustion/CO2 emissions

Panama submitted its Nationally Determined Contributions (NDC) in 2016 in which it targets a share of 30% of renewables in the electricity mix by 2050 (large hydro excluded), to expand reforestation to promote carbon absorption, and donations of US$1m to the Green Climate Fund. However, Panama has given no quantified target for GHG emissions reduction.

CO2 emissions from energy ...

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