Panama has a population of 3.9 million people, and a land mass of 74 000 km2. Life expectancy is 77 years, and with a per capita GDP of USD 15731, the country is classified as a high income country. The country's GDP grew in 2019 with 3%, and totaled a nominal value of USD 66.8 billion.
Panama is ranked at place 86 in the World Bank Doing Business Index, out of 190 countries in total. On Transparency International's corruption perception index, Panama is ranked at place 111, out of 180 countries in total.
Norwegian exports to Panama in 2020 were NOK 76 million. The same year, Norway imported goods from Panama at a value of NOK240 million.