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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 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.