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Panama Energy Information

Panama Key Figures

Population: 4.17 million
GDP growth rate: 3.68 %/year
Energy independence: 22.1%

Data of the last year available: 2018
Total consumption/GDP:* 72.5 (2015=100)
CO2 Emissions: 2.16 tCO2/capita
Rate of T&D power losses: 13.3%

* at purchasing power parity

View all macro and energy indicators in the Panama energy report

Panama Related News

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Panama Related Research

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

A data overview is available in the global energy statistics app

Total Energy Consumption

In 2018, 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 has increased very rapidly since 2009 (around 6%/year).

Oil is the main energy source consumed, accounting for 71% of the country's energy consumption, followed by hydroelectricity (14%) biomass (7%), coal (1%) and wind (1%).

Electricity consumption has grown at around 5.5%/year since 2010 to 9 TWh in 2018.

Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

Interactive Chart Panama Total Energy Consumption

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Panama energy report

Crude Oil Production

Panama imports all its oil products (8 Mt in 2018). 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.

Interactive Chart Panama Crude Oil Production

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

Additionally, for more detailed information on refineries, you can request a sample of our America Refineries Dataset

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 combustion have been multiplied by a factor of 4 since 1990. They increased very rapidly from 2009 to 2014 (9%/year), subsequently decreasing by 4%/year between 2015 and 2018 when they reached 9 MtCO2.

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