Panama Key Figures
- Population:
- 4.32 million
- GDP growth rate:
- -9.0 %/year
- Energy independence:
- 24.0%
Data of the last year available: 2020
- Total consumption/GDP:*
- 60.9 (2005=100)
- CO2 Emissions:
- 2.13 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
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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 2020, energy consumption per capita was 0.9 toe, including 2 100 kWh of electricity.
Total energy consumption dropped by 23% in 2020 to 3.8 Mtoe. Driven by very dynamic economic growth, total energy consumption increased very rapidly between 2009 and 2019 (around 5%/year).
Oil is the main energy source consumed, accounting for 53% of the country's energy consumption, followed by coal (16%), primary electricity (10%, mainly hydroelectricity), biomass (8%), and gas (8%).
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 (4 Mt in 2020), 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 and it 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 24% in 2050 compared to a BAU scenario.
The LULUCF sector targets restoring 50 000 ha of forest by 2050.
CO2 emissions from energy combustion rose by a factor of 5 between 1990 and 2019; they dropped by almost 30% in 2020 to 9 MtCO2 after reaching a peak of 12.6 MtCO2 in 2019.