Panama has a population of 3.7 million people, and a land mass of 74 000 km2. Life expectancy is 77 years, and with a per capita GDP of USD 13680, the country is classified as a high income country. The country's GDP grew in 2016 with 4.9%, and totaled a nominal value of USD 55.1 billion.
Panama is ranked at place 70 in the World Bank Doing Business Index, out of 189 countries in total. On Transparency International's corruption perception index, Panama is ranked at place 72, out of 167 countries in total.
Norwegian exports to Panama in 2016 were NOK 116 million. The same year, Norway imported goods from Panama at a value of 193 million.