Verified Facts

Official NameRepublic of Panama
CapitalPanama City
Population4.1 million
Area75,417 km² (29,119 sq mi)
LanguagesSpanish
CurrencyPanamanian balboa (B/.), United States dollar ($)
TimezoneUTC-05:00
RegionAmericas / Central America
Drives onRight
Source: REST Countries API

Panama is governed as a unitary presidential constitutional republic, with a system of government that is divided into three branches: executive, legislative, and judicial.

Quick Facts

Government TypeUnitary Presidential Constitutional Republic
Head of StatePresident (Laurentino Cortizo)
Head of GovernmentPresident (Laurentino Cortizo)
LegislatureNational Assembly, unicameral, 71 seats
Legal SystemCivil law
Political Stability IndexRanked 54th out of 178 countries in the 2020 Global Peace Index
Corruption IndexRanked 113th out of 180 countries in the 2020 Corruption Perceptions Index by Transparency International

Political System

The government of Panama is based on the principles of separation of powers, with the executive, legislative, and judicial branches each having distinct roles and responsibilities. The president serves as both the head of state and head of government, and is directly elected by the people for a five-year term. The National Assembly, a unicameral legislature, is composed of 71 members who are also directly elected by the people for five-year terms. The judicial branch is headed by the Supreme Court, which is composed of nine judges appointed by the president and confirmed by the National Assembly.

The political system in Panama is designed to provide checks and balances between the different branches of government, with the goal of preventing any one branch from becoming too powerful. The president has the power to appoint ministers and other high-ranking officials, but the National Assembly has the power to approve or reject these appointments. The Supreme Court, meanwhile, has the power to declare laws and government actions unconstitutional.

Panama's unitary system of government means that the central government has a high degree of control over the country's various regions and municipalities. However, the government has also implemented a number of decentralization initiatives in recent years, aimed at giving more power and autonomy to local governments.

Government Structure

BranchInstitutionHead/LeaderRole
ExecutivePresidencyPresident Laurentino CortizoHead of state and head of government
LegislativeNational AssemblyPresident of the National AssemblyLawmaking and oversight
JudicialSupreme CourtPresident of the Supreme CourtJudicial review and interpretation of laws

Major Political Parties

PartyPositionLeaderSeatsNotes
Democratic Revolutionary Party (PRD)Center-leftLaurentino Cortizo30Largest party in the National Assembly
Panameñista Party (PPA)Center-rightJosé Isabel Blandón18Second-largest party in the National Assembly
Nationalist Republican Liberal Movement (MOLIRENA)Center-rightFrancisco Millán5Third-largest party in the National Assembly
People's Party (PP)Center-leftAníbal Martínez4Smaller party with representation in the National Assembly
IndependentIndependentVarious14Independents hold a significant number of seats in the National Assembly

Elections

  • The electoral system in Panama is based on direct elections, with the president and members of the National Assembly elected by the people for five-year terms.
  • Elections are held every five years, with the most recent presidential election taking place in 2019.
  • The last election saw Laurentino Cortizo elected as president, with a turnout of over 70% of eligible voters.
  • The next election is scheduled to take place in 2024, with a number of candidates already announcing their intention to run.

Political Stability & Challenges

  • Panama has a high level of political stability, with a strong tradition of democratic governance and respect for the rule of law.
  • However, the country still faces a number of key challenges, including corruption, inequality, and poverty.
  • The current political climate is characterized by a high degree of polarization, with debates over issues such as economic policy and social reform.
  • Panama's regional dynamics are also complex, with the country playing a key role in regional organizations such as the Central American Integration System (SICA).
  • The country has a high level of freedom, with a strong tradition of respect for human rights and the rule of law.
  • However, there are still concerns about corruption and the influence of organized crime in the country.

Foreign Relations

  • Panama has a long-standing relationship with the United States, with the two countries cooperating on a range of issues including trade, security, and counter-narcotics.
  • The country is also a member of a number of international organizations, including the United Nations, the Organization of American States (OAS), and the World Trade Organization (WTO).
  • Panama has a key role to play in regional trade, with the country serving as a major hub for international commerce and trade.
  • The country has also strengthened its ties with other countries in the region, including Costa Rica and Colombia.
  • Panama has a strong commitment to multilateralism, with the country playing an active role in regional and international organizations.