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Energy - Climate Forecasts
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Market Intelligence
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Market Analysis
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Energy - Climate Scenarios
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Climate Strategy and Policy Evaluation
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Training
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Resource Centre
Panama Key Figures
- Population:
- 4.38 million
- GDP growth rate:
- 15.3 %/year
- Energy independence:
- 25.2%
Data of the last year available: 2021
- Total consumption/GDP:*
- 68.6 (2005=100)
- CO2 Emissions:
- 2.37 tCO2/capita
- Rate of T&D power losses:
- 10.8%
* at purchasing power parity
View all macro and energy indicators in the Panama energy report
Panama Related News
View all news, archive your new and create your own daily newsletters only on your topics/countries of interest with Key Energy Intelligence
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 2021, energy consumption per capita was 1 toe, including 2 200 kWh of electricity.
Total energy consumption rose by 12% to 4.4 Mtoe in 2021, after a 19% drop in 2020. Driven by very dynamic economic growth, total energy consumption increased very rapidly between 2009 and 2019 (around 4.7%/year).
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 2021), 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
Renewable in % Electricity Production
The Government is considering launching an auction for 200 MW of renewables to supply state entities that would be opened to all technologies.
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
CO2 Fuel Combustion/CO2 Emissions
The updated NDC (2020) targets a share of 30% of renewables in the electricity generation capacity by 2050 (large hydro excluded) and to expand reforestation to promote carbon absorption.
The energy sector plans to reduce GHG emissions by 11.5% in 2030 and by 24% in 2050 compared to a BAU scenario.
The LULUCF sector targets restoring 50 000 ha of forest by 2050.