Panama Key Figures
- Population:
- 4.41 million
- GDP growth rate:
- 10.8 %/year
- Energy independence:
- 21.5%
Data of the last year available: 2022
- Total consumption/GDP:*
- 71.0 (2005=100)
- CO2 Emissions:
- 2.72 tCO2/capita
- Rate of T&D power losses:
- 10.4%
* at purchasing power parity
View all macro and energy indicators in the Panama energy report
Panama Energy News
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Panama Energy Research
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Panama Total Energy Consumption
In 2022, energy consumption per capita was 1.2 toe, including 2 650 kWh of electricity.
Total energy consumption has been increasing very rapidly since 2020 (14%/year), following very high economic growth; it reached 5 Mtoe in 2022. It grew less rapidly between 2009 and 2019, by around 5%/year, and then dropped by 19% in 2020.
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
Panama Crude Oil Production
Panama imports all its oil products (8 Mt in 2022), as the 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 cope with the increase in traffic, the country commissioned the Trans Panama pipeline (PetroTerminal of Panama S.A.), which runs 131 km through the Panamanian Isthmus. The pipeline has a capacity of around 200 kb/d.
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
Panama Renewable in % Electricity Production
The second NDC (2024) targets 1.7 GW of distributed renewables by 2030 (solar and wind, large hydro excluded), which should cover 20% of energy consumption.
Interactive Chart Panama Share of Renewables in Electricity Production (incl hydro)
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Panama CO2 Fuel Combustion/CO2 Emissions
The second NDC (2024) set targets on renewables, energy efficiency, and electrification but did not include a quantitative objective of reduction of GHG emissions.
Following the success of its reforestation policy, the country aims at maintaining 68% of its forest cover over time at the national level to promote carbon absorption.