INTERNATIOlI~L BANK FOR RECONSTRUCTION AND … · 2016. 7. 13. · 27. Money SuPP17 28. Retail Food...

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INTERNATIOlI~L BANK FOR RECONSTRUCTION AND DEVELOPMENT

ECONOM1f-QEPARTVpoundNT

SD1vlMARY REPORT ON

PANAHA

RA yenight December 1948

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PR~ACr --

This report represents a preliminay iescrirtion

rather than an analysis or crttique of the Panamanian

eeon()my ))ne to lim ta Hons of time it JaB possible to

consult only thor sourclts readily available wi thin the Bank

TABU Or CONTENTS

I Geo~raph7 an Clilllate II PopulatiOD

III Political Organizatioa IV Nature of the Pahaaanian EconQmJ V Agr1eul ture

VI Forastl7 VII Fisheries

VIII Hining II Industry and COIfilllerCG X Transport

XI Foreign Trade III Internal Finance

1111 External Finance

1 Population by Provinces 2 Urban anfl Rural Population by Frovinoea 3 Eoonaatoa117 Aotive Population 10 Years of Age anrl

over by Province tlnd Raee Census of l~O 4 FolllS ofreonomic Aotii tr of PopUla tioD 10 years

of age and over 5 National Income ot Republic of PaD8Jll8 1944-45 6 Estimated National Incoa6 of Republic of PampDa1I8 7 lumber of larms and Acres Under Cultivation in ferms

at Principal Commodities 1942 8 ~lumber anf Sise ot FamprIRS on National and Private Lands

by Size District of Penonome Decemher 1943 9 Number and Size of Farms on National and Private Lands

by Class of Operator District of Penonome Decem-ber 1943

10 Agricultural Acreage and Production 11 Cattle Population and Milk Production of the Republic

of Panama 1942 12 Slaughter of Cattle and Hogs 1942-41 13 Industrial Production 14 ConsUlllption of Electricity in the Cities at PaIUUIa and

Colon 1940-1941 15 Sales of US Commds8aries in the Canal Zone 16 Revenues and E~enses of NatioDal Railroad of Chiriqui 17 Traffic of NatioDal Railroad ot Chiriqui 18 Highways of Panama 19 Number of Vessels Transiting the Panama Canal 20 Vo1ume of raffic Transiting the Panama Canal 21 lfationalitr of Veesels ~ranslting the PaDame Canal 22 Operations ot the PaD8llta Rdlroad COIi8ny 23 CrOvernmenta1 Receipts Republic ot Panama by

Principal Items

1 3 5 g ~

9 10 13 13 14 14 15 16

18 19

20

21 22 23

24

25

26 27

28 29 )0

31 32 33 34 )5 36 37 Ja 39

40

Tabl at C2stent - Continued

24 Percentat8 Distri Jution ot leceipts by Frincipal Items 1939-1944

25 Govermaental i~xpendltures by P1incipal Items 1939-1947

26 External and Internal Public Debt 1945-47 27 Money SuPP17 28 Retail Food Prices 29 Loans Investments and Deposits of Commercial

n bull danKS 30 Loans of the Banco lu~ro-Pecuario y Industrial 31 Value or Total Exports and Imports 32 Value ot Exports hgt Principal Commodity 33 Value ot Imports by Kind ot Goods 34 Value of Exports by Countrr of Destination 35 Value of Imports by Country of Origin 36 Short Term Assets 37 US-owned Assets in Panama 1943 38 InterMtianal Balance of Pevments Hepub11c of

Ianaraa tor the Years 1939 194119431945 39 Reoeipts ot the iopublic of Fana_ ltrom middotthe

Canal Zone Classified as to eoipients and Purposes tor the flisea1 Years 1939-1945

40 Reoeipts of Republic or Panama from the Canal Zone Clase1f1ed is to Smlrce for Fiscal Years

1939-45

41

42 43 44 45

46 47 48 49 50 51 52 53 54

5

57

I~ ~ l11 ~9illli

Area 1948 c miles 28000 -~1

Fopulation 1947 701000 Currency 1948 rmiddot J $ (Balboa) US$100 Natimal Income 1945 per capt ta US~~190

Exports 1947 mH1Lms 85 Imports 1947 757

ixtarna1 debt 194middot7 II 157 Internnl debt 1947 II 67

t~overnment t~vanlle 17 11 336 Government lxpendi-

tures 1947 n J~6

Lettlttil Prices (food) 1948 1940 bull 100 203

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CAPITALS 01 plIIOVINCn OT+lIE MPOftTANT CITIIES AND TONS INTERNATIONAt IOUNOARIES OVINCIAt 10UNQRU

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PANAMA PHYSICAL MAP

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IMPORTANT CITIES AND TOWNS 0

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MILES

NICARAGUA COSTA RICA PANAMA LAND USE

o GRAZ ING WITHOUT FORAGE CROPS

IXI SHIFTING CULTIVATION

e -$I SEDENTARY SUBSISTENCE AGRICULTURE

IillII BANANAS

~ COFFtt

~CACAO III COT TON -SUGAR [] SILVtR MINt

I GEOGRAPHY AlfD CLIMATE

The Republic of Panama is a narrow curving strip of land extending

from east to west to connect the two American continents It has an area of

approximately 28000 square miles It is 480 miles long and varies in width

from 30 to 120 miles Two mountain chains run from northwest to southeast and

form the backbone of the Isthmus the west range is a continuance of the Costa

Rican cordillera liear the border there are several volcanic cones the highest

and most imposing of which is Mount Chiriqui - a little over 11000 feet in

altitude The main or San BIas range runs southward into Colombia Its highest

summits reach only 3000 feet A third range extends southward to the Pacific

coast of Colombia where it is known as Serrania de Baudo In the gap between

the ends of the eastern and western ranges the Panama Canal connects the

Atlantic and Pacific Oceans The Canal is apprOximately 50 miles long and the

Canal Zone which is under the jurisdiction of the United states has an almost

uniform width of 10 miles but boundary adjustments have been made at each end

of the Canal so that the cities of Panama and Colon may remain under the Reshy

publics jurisdiction The Zone divides the Republic into two nearly equal

parts

Along both sides of the I sthmus there are many deep bays providing

protected anchorages Especially important is the shallow Gulf of Panama

whieh forms the separation between the mountains ranges of western Panama and

the beginning of the Serrania de Baudo of Colombia On the Caribbean side

near the opening between the ranges there are several small harbors and the

tide varies no more than 27 inches whereas in the Gulf of Panama there is a

21-toot tide Of the numerous rivers that rise in the highlands some JJO

empty into the Pacific and about 150 flow into the Caribbean Sea a signifishy

oant hydrographical factor is the confluence off the Pacific coast of Panama

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of the Humboldt (cold) current which comes from the west coast of South America

and the Oalifornia (warm) current from the west coast of the United states

Except in the mountainous regions the climate is tropical throughout

the year but there is a great contrast between the two sides of the Isthmus

The Caribbean coast is rainy receiving in many places more than 150 inches a

TfJar At Colon the average rainfall is 1279 inches Such heavy rainfall with

temperatures averaging nearly SOOF results in a luxuriant cover of tropical

rain forests At the crest of the mountain ranges moisture diminishes so that

on the Pacific side ot the Isthmus there is less precipitation but by no means

a deficiency At Balboa Heights (Panama City) the average rainfall is 686

inches distributed over a rainy season and one of less rain Hence the forest

is of dense evergreen aD the wetter side and a semideciduous growth on the

drier side on some of the lowland plains along the Pacific there are patches

of savanna

The mean relative humidity (annual) is approximatelr 80 percent

Winds and breezes mainly from the northwest moderate the extreme discomfort

which otherwise might attend this combination of humidity and high temperature

According to meteorological studies made at Balboa Heights no monthlr a rage

temperature varies more than 220 F from the annual average temperature

The geographic position of the Isthmus near the borderline of the

trade winds trom the northeast and the belt of equatorial calms subjects it

during various months of the year to a succession of weather characteristics

which produce changes of drr and rainy seasoDs but which scarcely affect

temperatures During some 8 months (May to December) the rainy season is

characterized by variable winds high humidity much cloudiness frequent

local heavy rains (aguaceros) with general rains at the seasons end and

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customary characteristics of the meteorological weather known as the equatorial

calms or -doldrums- During the remaining 4 months of dry season there are

fresh windB from the north and northeast dry air little cloudiness and only

slight showers originating in the sea

According to the census of 1940 the Republic of Panama had a total

population of 622576 inhabitants in 1947 the population was estimated at

701000 The number of inhabitants per square mile in Panama is 210 or one-

half that in the United States The Province of Herrera has 671 inhabitants

per square mile but only 6 of the total population The Province of Panama

is second with 389 per square mile and has 28 of the population Four of

the nine provinces - Colon Chiriqui Panama and Veraguas - account for 55

of the total area of the Republic 72 of the total population and have an

average density of 287 inhabitants per square mile

The population 1s predominantly rural in composition - 66 of the

people are rural inhabitants - and 53 of the 2077 thousand gainfully employed

persons of ten years of age and over are engaged in agriculture The remaining

47 are employed in such pursuits as commerce manufacturing and construction

The Province of Darien is entirelY rural in compos tion while that of Panama

1s predominantly urban in character - 72 of the population of the I~ovince of

9anama live in urban settlements and of the total population of the province

65 live in the CitY of Panama

In racial composition the Republic ie chiefly mulatto Of the popushy

lation 65 are mulattoes 13 are negroes 11 whites 9 Indians and the

remaining 2 are other races including Asiatics In terms of the gainfully

mu1Wo employed population 65 areaefilft 18 negro 14 white and 3 otbpr races

Although not the most important economic activity agriculture is the

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major source of employment with 53 of the gaintully employedJ the Canal Zone

accounted for 14 private serYices for 9 and manufaoturing industries for

7 The remaining 17 are distributed in order of importance among public

and professional services transportation and communication extractive inshy

dustries and unspeoified forms of employment

Thirteen cities with a population of two thousand and over account for

35 of the civil population or a total of 1983 thousand inhabitants They

range from the City of Panama with 1119 thousand inhabitants to Bocas del Toro

vith 21 thousand The three largest cities - Panama Colon and David - account

for 29 of the civil population and for 79 of the urban population of 2105

thousand The ten remaining cities of tvo thousand and more inhabitants account

for 16 of the urban population

In terms of economic activity 31 of the gainfully employed 48 9

thousand in the City of Panama derive their inoome from the Canal Zone as do

45 of the 217 thousand gainfully employed in Colon Personal servioes are

the source of inoome for 18 in the Oi ty of Panama and 12 in Colon manushy

facturing industries in the oities of Panama and Colon account for 15 and 1~

respectively of the gainfully employed Commercial activities employ 10 in

the City of Panama and 8 in Colon and construction industries for 8 in the

Oi ty of Panama and 7 in Colon The remaining 18 dari ve their income from

agriculture mining transportation and communication public and professional

services and unspecified forms of employment

The city of David in contrast to the cities of Panama and Colon

has 24 of ito slightly over three thousand gainfu1ly employed deriving their

income from personal services 20 trom agriculture l5~ trom manu1acturing

14 trom commerce and the remaining 27 from public and professional services

construction transportation and oommunication

-5-

it Wl4 lnerp $led 3~ ifO b7 19jO it hMJ inereltieed 5t over the 1)r~if)U8 een8ll1

The e~eu of 1940 sholed an inCMlE of j2lt from l67 ~19 to 622 576 oV~r the

III

fomity HUh th~ Conltitntion of Mampleh 1 1946 (the third eon8titutio1 since the

countryt tI independence in j CX))) Public -poar is vestoo lith the l~l1ilt~t1ve

-f-

tnr ~ t~II of 10 lenre 1hf1Y Cre llmdn~ted b r th liredd TIt N th thf manimautl

~aamAnt of his Cf(bint l~nd [~ra Stb1ect t(l thf n~1r(v11 tha l~~UnilfBeuroImblr

TheTA teTe ltrV rrl pol1tielt~1 Itrtifls in jPnM but 9 in mo~t Itin

Jmeric$lt countries HpersOThUiSllnoli if ~ mare tm01tant f(lc~ thRn 1)rtyr orpNlshy

lzatlon ConsPtt~tly thf7 J)~jt1es nre clJnStpntl3 shifting in nllln JI)tgtTrm t~nd

relutiT~ atrezagth New l1rUes oft~ fl1rin~ un d th~ instilttion ()t d1talrthfi~d

ilctir)n9 or inrlitrilnJlla in thf older twrties

lhA tbm ~~i nrtlee f~t Irlnllt frl thp J~ibfrsl utr tgthleh s nore

(lr ItlM eonsPrv~t1ve henlAc b1 j)omi~o liial ArOSfIBJla thF fit Prlns-tdlnt inSUfllttd

in Octoner lQ4~ Hull th~ Anthent1~ eVolutioflry F~~rty nitlonalist an( total trian

in CheYflctflr Ifld by i~rnufl0 1118 ilriaa -ft s el~cterl Pre Bid nnt in lQpound1O blt )VZshy

thrOlm in 1041 bAC~itUmiddottI of hh~ro-lgtiad $vmpsthiea

her(gtAl(gt ~~lil lnor 0 ali tiesl lrtt 85 in i~Mama i neludinl the 110er1

l~tormlrty nf TT VIIgtUa1A9 bull f011lr PanaJftinirul Ambtusador tl tJ1fgt iB the

Ndim0J fVOlllt1Qn~ry kart o JOSA InRcPabrflga a (ealthy lltniloltU~r ~nd hvyer

the Pqp1lrl Union ir~=r l(d by Sergio (onalezmiddotnd the Soci~i118 iprty he~ded

by Demetrio r orras iR (180 ~ small ConvWllst rfrty

In the eloeely clt)ntended nred~ ttt1Al ~11etion of 1048 J2W tmpound

Ari5s middoterl th~ lrnd cliidttell It 1[5 not rt11 gtvr-r~l Vf1 ~ftlllr ~he lleetinn

thflt thF ~ti)lul lectinr r~1rmiddot hlnded dOT thf~ vrdiet thtJiMt n~1d won lgtlia$

the l~etiont tlLl1ht bomb (llstlllbances oC(UJled in

brother f Arn~flo lend nubHshtll nf tho middotPanampJlll-

Am~r1 e~n ~l~d r bull r rallnXino Jere ~trestfd on ehrpes of (t t~mlt1M to If~d r eoup

d6t1t but they werf~ soon T~lfllJed Stb~n~lAntlY rnllflo rial lrtl1lsd to FenGma

~nd hio rftlu1l VtS th~ drnl tor further demonstliions

Aria Authentic Hevolutionrr Ptxtv nr10 c strong minolitr leDreshy

sentJUon in thA new 1iE~tiJn~ful rfl~mblY ~nd he is sUil)ortrJd by eO eonddar~)1)le

olemeftt in thl triiryMl P()l~ea Foree Iich hrs fle~t nol1t1eal inflllence in

PaneIII8 1 r there 1J no rIY

l(j~ el~ctionamp and thri nolit1cr1 develonments Binc~ thf elpetions

Slt1pest thrt the 1Jiaa dminhtrtltiott 11Igtr encounter ~F OUE dlffleultie

in its Affortl to ~v~rn Fanama d1rinp th~ n~rl four ~elmiddotS

-lt-

IV NATIfRE OF THE bUfWNIAN ECQN011I

The economy o~ Panama is primarily dependent not on agriculture or

industry but on the levels 01 US governmont employment in the Canal Zone It

is estimated that of a total national income of $1291 million in 1945 $693 or

54 was dari ved trom payments origina ting tn the Canal Zone Approx1ma tely 23

of the receipts from the Canal Zone Were wage paytnents t- Panamanian laborers

resVlent in Panama but torking in the Zone and payments ror 1hocsale purchases

of US government lgeneles About 13 represented expendItures in Panama of

canal Zone residents principally U 3 mli tlry personnel he dependence of

Panama on te Zona is even greater than these figures indicate as virtually all

the commerce in1ustry nd public servictls of Ianama City and Colon are supported

by income payments originatinl in the first insunce in the Zone ~hese two

ci ties acoount for ~bout 13 of the population of the country an~ 90 of the national

income ($560 per capita) while the 23 of the populttion -which 1s ruralderiving

its livelihood from agrioulture obtains only 10 of the national income (i~30 per

capita) average national income in 1945 was estimated at ~~190

P1nama roight be likened economically to ~rasbington ~1C all economic

ncttvi tY Would virtually cease to exist if the U S ~rovornment transferred its

functions elsewhere

The WI of cousa brouftht 8 great wave of prosFeri ty to Panama a wave

which bas receded eonsiderably as conjitions return to a more normal peacetime

basis

t ~GRICULTJRF

Agri culturally Panama is p~rhap8 the most un~erdeveloped of all the La tl n

Americanepublies Only about 31 or 4 of the area ot the country is used ror

farming or cattle raising Fanamanisns at least the controlling groups have preshy

ferrer) to take advantage of the natural commercial advantages offered by the nations

-9-

geograpbie location

Althou~h agriculture produces only a small fraction of the national

income over helf the working population 0 the conntry are farmers ~or the

most part however they are itinerant squatters eking out a bare subsistence

~ Until 1940 there laS not Gven a Minbtry of Agriculturb but the war

I18de Panama avare of 1 ts agricultural neglect and led to the establishment of an

agricultural school at DivieR and an agricultural Bank (Banco Ar~ro-Pecuaris y

Inlustrial) to finlnce crps and machinery Untorluns tely by 1947 the ani -

had virtually ceased to f~nction at least temporarily due to disagreements with

the ~Vinco Nacional and failure of the government to provide subsidies as promised

Panama produces the usual crops for local consumption chieflly rice

corn and sugar 01 export the J main crops are gtlnanas abaca and caM) all

clntrolled almost lO(Yf by the TIn ted ~rui t Company

Surveys made by agricultural experts indicate that Panama could greatly

expand its agricultural production particularly in food staples Bnd vegetables

Such dev3loplDmt lould reduce the Countrys food import+ reqUirements which now

account tor almost 20 of total imports and Would stimu19te exports especially

to the Canal Zone which must now i1port most of its food s tuffs from the n S due

to lack of productim in Panama The Zone provPes a rich market whlch Panama

has perhaps over-exploi tar commercially but neglected agri cuI ttMlly

VI iOfIESTRY

Panama has extensive unexploited ror~~st resources comprising about 70

species including mahogany cedarand dye~oods valuable for cabinet work construcshy

tion etc According to the preliminary stu1y of n Unit ad Stltes forestry expert

two-thirds of Panma Is covered by ~orests of immense commercial potentialities

Kie lITIort 1ncicttoti tht thGgtrp rr~ on~f Clut l~ lnmner m1~1s 1111hlt RflIlubllc

2 in Darien in ~fnA1lm Cit find 10 in th~ Provinee of Chlrinni

In 19~7t I nlH- lmltltrgtl ermian7 -ith n ~nmtlll C-TIa41ty of 12Qr)OOOO w

A contrcmiddotet b~t ~an nitd tteH cit1~an rmiddotnd the ~niBl ~OVF1n-

1lRQt for th~ eT11oittj)r T( $ome Joono aers ~)f tVilUonl forest lldd tn bull

ampPPJoved ear~ in 1 eliS

7h~ V)tlnci)al detflrrent t foraptJI dllv~lo1lment t8 leek of trans~or

f9cilitie-l In thr- rvinee of Dtr1en hheuroT~~ the rt~est forest are loclted

VU 11SRfliIl~~

Th~ F~nama rf1o11 off~rs habitrat of laquovery ~1nd for thh- All evidence

points to th eoncludon th-t th~ hc1flc ~Ottst of Panama is tremendOu8~

productive ~middotnd tlwt it clmid Slstrdn r I1ent17 inerr1 sad fiabinP 9ffor hft

Atlrmtie ennst r~r be) nr9dlctive in Illome nlCfS but 1s d(raquofln1tely not t ~ Tlch in

fish at U1A dfie side

In f1)ite of tremendous fIl)wdbll1t1ea for $~~naion the tialtArr indusshy

tries of Prnam hltve not fOsumad an iltl)orti(nt nl~ee in the economy of the

gntll1c rochttion hnndHng ~Jd l11crifpting feeiliUes are rIuHtnentarr and

an~ is elmost ~1Itir(J1y d~~nl ent on imnorts of iMer llodu(ts

Lrndings of filpoundh if ranr~ hfv flleturtAd fr~ IltIOltmt 1-12 millton

to 4 lltllifln nOlmds per YJir ~i hitiihestplodletion figure (4 TIUI ion nOlmt1)

~es fJttpjnltd clmin thf ytrtgt 111016 19)6 ~lbtlU some 21 Japanese fishermen 01er~ihd

in thll 3eT of PtnMlB Since 19~ hllfl thesp fishermen ere plohiMted frtml further

-11-

In lt1n1y 1942 thaT WIJl$ 214 of Vftrirma elagrea IIf small motor bOIttt there ~e19

29 ChnlulHpound 01 sflIlll Iiltdlboptl numberod tlbout H50 In lQ42 (~ lrrgpr fhhlngshy

t~P~ vetHd we 9 nurchrd~ro end usee S n n1olcnl bO(I~t Nost of the fi8h1~ errrt

1n usC ~re bnUt locally but these flre not artieullgtJ17good for tiehl~

The ~e~uhlie of ranama ofi(lS t ~ood mrket for Inc-11y-prodlceti

h1gh-income group coulc11tilizo ~flrtlr lnerectsed 1IiUll9ttnh hhtps trruud ting

the Canal foJlnlsh Mother mrrket nr considr~r~l~le elFe

The enTrant c~teh of ebOllt 2-12 million nmmds could relgtsoMbly be

1l1orer Md to 10 ln11l1on pomae vi th -iees l(gtrnaining relHti vlll1 thf 8flItP All they

~~re 01101 t the J end if nrlcot for certin s7weiel werp ~ro)middoted to five

to 10 N~ntfl neT Oo-1nd un t() nelMnS 50 m11Uon ljom(1 eo~ld Of mnlketoo

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The extent of the potential market for fishery products produced in

ParW1lla 1s limited only by the quality of the products and their price in compe-

tition rith other items The central locatlon large supplies and relatively

low-producti)n cost should enable Panama to cQ1lp~te on a favorable basis

Panama is perhaps more favorably situated both with respect to source

of supply and prodmity of [~od markets than an~T of the Saribbeen countries for

the establLshlnert of modern risherii~s Such rJeV~)lOp1ll9nt ~loul~ contribute s1gnifi-

cantly to the welfare of t1gt3 people as well as to the economy of the country

rUI

There Is no mining in Panama other than a negligible amount of plcer

Sold mining nd S OJlle sll t mining In 1947 and 1948 efforts vere ~de to locate

oil and manganese deposits but as yet no c()lllJlleroial quantities have been reported

to exist

Industry is of minor importance with the exception of beer and liquor

productlon Other small indus~middotries include a cement plant slaughter house

clothing factories ceramic plants saw mills ice plants soap factories ~tc

essentially a trading c0Untry catering to the people of the

Canal Zone lmJ the tr9ns1ents go1n t]rough the CBnal In 1945 about t of the

total natiobal income C-Jme from wholesale business with US ~overnment afercies

and from retail (~xpenditurea of Canal i~one residents an] tr9nsients principally

milit~ry personnel Of a total of $216 million received in 1945 by Panama retail

trade from Canal Zone lncome payments nirht clubs and birs receie1 ~6S [11l10n

establishments of prostitution ~ni other trrIseellaneous services $60 million and

clothing jewelry and novelty sores $52 million

Bueln(~ss has fallen off steadily since 1945 and late in 1948 most

retail establishments vere reported to )e operating at 8 loss

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x tRANspmlI

Panama has only one common oorrier railroad 115 mIles lon~ ordch

operates in the principal agTicultural provinee Chiriqui n~ar the 00SUl Rican

border In the northwest prvince of Boeas del Taro the United ~rtlit Company opershy

ates a banana railroad The Panama Ral1road opereted by the U2 croases the

1sthclllS from Balboa to Cristobal

There are about 100 fniles of road in Panama tho tO main h1~h~s being

the 50 mile concrete trans-isthmian highway from Balboa tmiddot (ristob~l (Pananm City to

Colon) an the Pan-American Highway whieh extends 350 miles from a point nASI the

Costa Ricln border to Chapa 30 miles 9Bst of FInama Clt Tbe 70 mile atretch beshy

tween Panama City un Rio Hato is paved Completion Of thir hlrmy is h~il~l undershy

taken by the goveCnP1EH1t in (ooperation rlth the HS Pnblic 300ds tdilinis~1ition

About lSOOO motor vehicles are re(~tstered in F~nlama and 22000 in the ZOLf)

P~marna is an iportant hub of lOrlel air tla1sport operaUrms pc hls Just

comp1eted a 181[0 n-~H internltional airport In 1947 there were oVer 67QWQ passenger

arr vale I lho conr1bu ted to the COlmtrys trade prosperi tyo Dne local a i rUne pro-

vines rtomest1c air servicergt

The most importen t transport fa ell ty in Panams U1 0 f C 11TS the canal

i tfllf which underlies tl= entire econltgtmv of the cOlmtry- In lQ7 over 4000 ships

lith 21~7051a tons 01 cargo transited the aensl

TherUtlre devhpn(mt of Panamas resources will be rtepenClent in lsge

measure on the constlilction of nel hllrhW8Ys which ~ill open up lalre arra3 to agrishy

culture and forestry

XI mE~IGN liiADEl

2xports playa minor role in the ~P8namsn1an economy They illlOl1nt to only

11 of imports In 19l~7 t0tal eXTorta lera ts5 million of middotih1ch banMs represented

50 T1e two other important exports ere abaca and cacao AI though the Central

American countries are sometimes referred to as the banana republicsmiddot banallampS are

-1

the principal export only in Panama Ilnd Honduras and in Panama tbey ara nat h1ghly

significant even though ~he are the principel export

Imrorts in 1947 amounted tQ $756 million an increase of 35 over 1946

arufectured p+oducts poundtnc1 foodstuffs 1trere theprincip81 imports The U 8 supplies a

about ~01b of Fnnama IS i1lports and takes sf$ of llr exports

In 194$ exports have continu)d to inCr3SS8 but imports have turnM

downwards ref1ectin the general decline in middot)twines~ act1vi ty dt10 to reduced leeeipts

from the Zone

During t~-lt3 past decade government expenditures and revenues have increased

from about 10 mi1~1 on to almost $40 milL on Since 1945 the government has been

faced 71th substantial and increasing oefic1ts In 191 the defic~ t Imounted to

i50 million lle budget for 19M~ calls for expendltuT3s of t3l6 million as

Government revenues ar(~ largely dependent on Gntia1 Zoml activity hi as rjeclined

since th~ war The principal sources ot revenUf3 aoe the IJtl)ual letter nxcise

th5XeS (principally on liquor) 3nri ilnport i1tti~s rublic works

police are thl rf jor classes of expenditure

Recause of the un ~avorable tcnd of f-OV13nlUBUt n D3nces since tbe and of

the gtJar a number of [ublic works proir~cts havl had tn be abandomid nd the internal

debt has increased considerably In 1945 the internal debt was OILly 1 3 ~n1on

The government issued bonds in 1he amount of $)0 milHon in 19lh and 51 1947 nn

airrJort construetion iS[)J~ of ~Jl4 mUlion was n03ted and $13 li11j on were borrowed

trom the NDtional qank hringinp the total inter1al debt to almost J70 1flillion at the

end of 1947 another deficit in prospect for 19M~ a further rise in the in-

in 1145 1S HI t ~ ( Wtlt I ~rUr umiddotl

~n luQt lqt~ t rl~f d611(1 in

rrielis h~ eont tiC) r~ ~Jtr In iJr t( l

~ 1945 fhfo r-etll ~~ 1nttt~ WfJI$ 21 n IJ

-17-

the result that dollar ho1dtn13 In he ~ S Hyl probably ltt1so the doll-Lr

currency ci lCcllla ttOll in FAnnma declllscrl

anall8 has no offtcl11 011 or foloign exch3nge reserves but in

8-Jdition to the dolhlr ClIJrency in cirC1llltjln (th~ amount 0 Thlc is llnknoWn)

1er8 aia slort tet1 assets in t1-te F7 cUI101lnting to $SOJ million (as of ~4ay

The extern public dbt of PonlrJl eonsisted of dolhu- l(m3 ixlloutlting

to $156 millt on as of )eceTIJ)er 31 19 7 These lr)middotltns w~re originally made

in 1923-2~ In the 130 s they weJe in PlTtiltl lefBult hnt MlVce was resumed

in 1941 after thFJ debt was lefmiddotm1ed 8 t 10gtIer 18 te of interest The external

debt is partially se()Ted by a lranstttlltlonal~und lh1c1) amounte to ~57

millim at the )epoundrlrming of 1947 lds und is inVfsted ll1ainly in Nel York real

estate mOltl f8[C9S

Because otthe deelinp af Ca 001 Zone fict1 t~ since the and 0 the

war P3n~mets laquolltte1rsl financial positton as rell as internal Pl1DUC rH private

financial conitions have deteriorated 80TE what ~1E -as led to a rltlthet

belated reduction in imports beginninc in 19L~

t1though f~~nama is fnperiencing ecmomic difftculties due to (a) failure

to adjust tfSl~lf to changes 1n the Gsnal Zone and (b) fa1lure to develop its own

econolry Inn therr-by less-9n its 1epenritmce on the one the country is n~ vertheless

in 9 ~t1On~Br pOfll tion +hanmost 01 the other naUons of the Caribbean area

-18-

4PPENPU 1

tQBI~TION BY PROIINQ1S CFNsectYS OF 1911 1220 1230 sectng 1940 AND

ftifjamplNIAGE DISTRIBUTION OF POPUrw frON IN 1240

Percentage lm 1920 Distribution

Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000

Source Canso de pobhcion de Panama 1940 Vol X Conmendio General

frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL

U~AN fND mnw PQfYLATION BY PROVINCFS 1240

(Number and Percentage)

isrtentaa 2 Iotal lok Urban i ural UtBen Elm

173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662

Sourcef Censo de Foblaeion de Panama 1940 Vol X Q01pn~~o General

frovnees White NEllto MeStil etheE ~

Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2

Socas del Toro 220 2650 lDS) 209 4162

Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718

Percent of Total 141 lS8 646 25 1000

11 Reported as mestillo but actually more mulatto (white-negro) than mestizo (white-indian)

ArPENPIX 4

FORMS OF ECONOMIC ACTIVITYF POP1JLAlIOH 10 DAPs OF AG~ AND OVmiddotp _

Form of Eeonomic Activtl ~ far cent of Total

AgricuJtun 109IS1 526

Employed in Canal Zone 2~05S 135

Pri va te Servi cas 19611 94

~~nutacturing Industries 14712 71

Public and Professional Services 10512 51

Commerce 10425 50

Constrllcti)n f~154 39

Transportation I)nd Communication 4442 21

Extractive Industries 373 02

AcMvity Unknown 2250 11

10 TPL 2077lS 1000

Source Genso de poblacion de Pdnama 1940 vol X Comt(enoo general

AlPlJDIX sect

lWiPAAl l~T~J~ Uti Md lW in thousands ot dollars

Pllgm~ at fatAl iRKeD At tDAQi1 JJii ~ lHi

IfAgIiI Mfl Samp1 mal Government emplopent in Canal Zone 31484 32361 278 PrtYate tflBp101l1ent in OMampl ~ne aisectj aam Lsect

TO ~i~I ihYsect ampi Government eaployment in Puama 11657 13852 86 Prl vat e employment in Panampilta and Colon 22104 24313 164 Estimate private non-agricultural

emploTmen o~t$lde Panama and OOlOD 3316 3647 25 Estimated agricultural wages illaa ~2isect k

POAL iSlam ~aa ~ fotal Wages and Salaries sectJullsect almiddot~M ~

NO la bullbull eoumillJa all iA9l1lJiil On direct lnts1neas wi ttCamptJal Zone 7651 7215 56 On P8namardan budns aDla2 iZiV2l uamp

~sectfi2i ~1Qa2 ~

II~ 6MQJUb ltltlBDlwli Piliall Protemslonal inoomes from Canal Zone 150 185 01 Other selt-emplOTed persons Canal Zone ~Iasect Qiamp ~

OAL ~Ilsectsect ~h22sect ~ Professional income from p~ 1354 1661 10 Other aelf-employed persone PanatIIamp 228 196 C bullbull J

Bet cash agricultural income Panama 4000 4000 30 independents under Social Security i~a tlLR JlJ

TMAL sect2al 2m 1WL Total Bet Income Self-employed Persons 1Qmiddot197 Mlst8 ~

Iii ietl amIIJlW1lt Rents from Oaual Zone 755 GS 06 liet rents and interest 170m Panama IlWJl tlja zz

TOfAL ~~~ sectl2a ~ total Inoome Originating directly in Canal Zone 53714 47424 399 Total Income Originating 111 Paaama 1l2ia -a bullbull us 12L

T()llltL llA1fIONAL INOOi[E latJ~ m1D lQQ2

JJ lneludillg retail business with Oanal Zone residents if A substemu~ additional sum here olassified as lforig1nating in

Pr-J1ama actually originates n the first lnstante in the Canal Zone (eg tttnendl tures of Oanal Zone retidents in P~lan retail etabli~ent9)

Source Paumas RsectgtJ12te from the Canal Pae iA JtlatloB ~ as Fore1cn fiMI Md -atipM) Inae prepared by Jtadly Weaver (Amerlean rabasey Paaarla) Table nu p 13

~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-

lbU-jpd NaUgapl In2flU At MrsPllg Ii PAiWlIIa UiQ U TAOMI OtEtaaa

(1n thousands of dollars)

Wages and SsltUiea Commeree Industrl as and Agri cUl tva GoYernmeni (including 881910amp8) In terest and Rt

Agrlculture htraottve bdUtrries Llt~t and Power Commerce Indu$tries Oonstruction

and ~rP~snortat1on Government (J~olud1ng services) Jinance and Property CArLSl Zone

~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000

Source Simeon E Leland lePoa 9A ill~ itTtill ir~ f bllil (Jae 15 1946) Table la p 26a taken from lfJat1onal Ineome of ranama estimated by Thomas F Corcoran bull

APPHiNDU 7

~u at rAm yd ampres tmAtr CultlmtlQl1 in IDI gt irJnotpAi PmmoMt1 8 1ta

gamptiitiii ~Qkl lAm FsectlwSt 9$ foW foial Acre lmraquosm 2 laW Rice (in husk) 36372 245 106559 352

Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46

Potatoes 296 02 4lS o l --

JI01AL 148220 1000 001897 1000

Sli gf Al1ls Rectares

Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7

Souree TJae AfrigyJyn Of PMMa - PsusGnt and PQ~ent1Al The Institute of Inter-American Mfairs liood S~lr Division

PRIl AT1i LAID lape Atamp

NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il

2l2IWQt Jmllli lhJnAftl

Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9

WmPr lQi Si~ ol ~1II1 9Jl Natismal an Prlya kmds 1tY Olall pI OlKP9l

raquolUrid 9[ Penglmme mtm12el 194~

Ae~ P1tIVA1~ ~lrEl see

lgia1 Sill ttl ~ Sill gf ~ljiL illl Ill Area rumJ ~ ~ms 13ll1ll larmsc ~ llml

Utes Rcck-Eca i_or lac lIedAlIUi Iliter ItmtUfU Hetares

10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l

Source 1h tQt9pUils fJt ~ - 1rsuumt lAS Fg1csmllampl The Institute of Inter-AmErio1ll Affairs Food Swrnly Division

299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635

15lt1nanas stems 9Ooooli 5000000 3500 oooaI Cacao ]Jounds 000 na 513e1sf2J

Coconuh number na na 18000000Q

Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals

na Not availaJle 1 ]stinvah

25OOOll 15000 171000

at J)isastrons storms reduc~d 1947 outnut 1948 production should reaeh 5000000 stems

J 1948 pro(luction erpeeted to epnroxiIUte that of 1947 i Quinta of 10143 pounds

Source Renort No 71 dated April 30 1948 from the United States Nlnoas$1 at Panama Otty Panam$

J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-

0MU fmgtulSUOll md MUk 11R_aUsm ot Wto ~UC of MHA Js

701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332

Source Iltilt~a lMamlI i_alA 4ft Itsectdiaj2ga ocwtliladlmiddot GtmArrW4I 1- itpuyl1M AI PaniIimA Table I Vol 3 Jo 4 Janl19l7 1943

SWUGHTg OF ~ATTLE AND ROOSt U6i-47

aJcY HlII Year ~ ~le lma1 Total lSh Fe_ bullbull

1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8

Source Fstadistica ranamena March 1948

Paulll1 ~ ~

BeVer8fe8 liters 29106133lJ 25321642 21067314

Rectified R1cohol liters 820524 2243540 1OOOOOOV

Footvear J1 pairs na (y) 325 )OD~(ll

Condensed milk casesil n 11)OooY 30OOOY

caseafJ 25OOOJ

llivaporated milk na ~5000 a

SOIlP nounds na na 11OOOooriJ

Refined sugar quintals na 15 00 171000

na Not AVai1ab1e

~ Beer production was 23313746 liters of this amount WJ EstiMted J 1946 production somewhat under thtt of 1947 Annuel comrunntion

600000 pairs if 48 cans of 14 OU allah fjj 48 cane of 1 on etOh Spplodm11tely 75000 Clses lmorted

annually from the Un ted ita t ~S

Source Report 10 71 dated April ZO 194B fJOll

the Unit~d States imb~s~ at Panama O1t1 Paname

-31-

APPENDIX 14

QpnIWiilUPI At IlIQkiGity iA Sih PiUt pimp M4 gampuOI1 1940-3middot942

IllGilialb (WoJUQBsect 21t ghl$ti-ggJ

lear faw golcm fQ~Al

1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694

Souroe ~ftiyenUUPl rMMlAt Vol 3 No4 Vol 5 Ie 2 lol 7 Bo 1

AfPFNDU l~

UslIel memser 1ill ~

us Government (Army and Navy) ~ 1775569 $ 2846043 $ 4807204

The Fanama Canal 3479546 3929709 3919390

The Panama Railroad 359517 435360 409llS

Individuals and companies 1137669 1164454 1560284

Commercial ships 1221529 5766264 5271972

~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486

Less dislounts credits etc 947 lL4~O 1278377 1306781 bull

I~et salea 32278463 37126703 38134705

Source I Annual Report of the Governor of the Pall8Dl8 Canal 1941

-33-

APPFKQn 16

RViOOTES AND EXfmlSES OF NATIONAL PAILROAD OFCHIRIQUI

~

Income total $Wmiddot9186j

Operating Income 48121004

Non-operating income 140465

Other Income 130373

Expenses total 20270884

Operatingltxpenso~ 47606006

Amortization 2184960

Interest 320135

Other ~1Cpenses 15978~

Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102

Sources Ferrocarri1 NaclonB1 de Chiriqui Informs del Superintendente

-34-

APPENDIX 17

FtFFIC OF NATIONAL HAILROAD OCHIRQUi

~ ~

Passenger Trains

KIlometers operated 545965 450119

Number of Passengers 62380 612229

Average revenue ~er passenger $ 041 $ 043

Operating cost per passenger 040 044

Frn~gMi Trains

Kilometers operated 122965 120599

Freight transported tons 30741 48183

Income per ton of freight $ 724 $ 499

Operating cost per ton of freight $ 735 ~ 492

SoureelEstadistiea tgtanamena Vol 7 No2 February 1948

Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA

Hard-surfaced (gravel) J Unsurraced (dirt) ~

Total

11 More or lees passable all year

~ Passable durin~ dry season only

l2A7 2201

3539

6005

bull 6165

17870

Source Estadistica PanameDa Vol 7 No2 February 1948

2lt2 2174

3566

5698

ow ~l

17879

Flegal Year 1U 9isAAl Yeaf

Atlantic Pacific to to Total Total

Psgiflc Atlantic ~ ~ ill2

I2llspaYiX tmDl1il

Ocean-going vessels 11 2021 2239 4260 3747 5903

Local vassals if 137 410 847 285 914

-Total tolls-paying transits

2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -

FltAND TOTAL TRANSITS 2995 3377 6372 9586 7481

11 Vessels of 300 net tons and over (Panama Canal mea~rement) for vessels rated on net tonnage or 500 tons dtsplacemsnt anlti oV~l for veMale rated on di$placement tonyge

J tesse1s under )00 net tons (Fana_ (anal measurement) for vessels rated on net tonnage or under 500 tons displacement for vassels rated on displac9Tlent tonnage

Sources Annual Report of the Governor of the Pana_ Canal 1947

-37-

VOLUME OF TRAFFIC TRANSITINg THE PMAMA CANAT

~l1eal leat

1lJJ ~ lW Number of transits 4260 3747 5903

Net tonnage (Panama Canal meas-urement) 20233043 17516517 27170007

Carg~ carried (tons of 2240 pounds)

21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021

SourDe AnnU81 Report of the Governor of be Panama Canal 1941

-38-

12fl ~ 12l2 Tons of fons of Percentage Tons of sargo ~ereentae eatlO Sarfto bull lercentage

United States 117121164 541 87CJO676 57 9909380 356

British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000

Source Annual Report 0 the Governor of the Panama Canal 1947

Aversge miles operated eo1on to rcnama 093 5093 5093

Gross operating revenue $2708167 $3177256 $3244226 b I

Number of passengers carried

First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z

Revenue per passenger-train-m11e ~25 $552 4555

Revenue par freight-train-mile 2715 2369 1957

Passenrer train mIleage 144$02 150170 152412

Freight train mileage 66020 139S79 155938

Work train mileage 4B64 6695 663J Total train mileage 215686 296744 314983

Switch locomotive miles 152106 16822 150279

Sources Annual Report of the Governor of the Panama Canal 1947

-40-

(Value in thausands of i~alb~s 1 3111boR bull 11 ollar)

Internal Eevenuaa

~tional Lottery

Import )utles

Jubl1 e Domain 8ee1p~s

t1lscella1Gous

Na ti onal IrTli e e s

Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021

1 Represents sales or govern1ient bonis

~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees

Public )omain Feceipts

Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU

FImCENlAGE DISTRIBUTION OF RFCEIPTS BY pnnWIPAL I1~3J 1939-194 lId PtJJC=shy~IfpoundJle iN rM4 at GC1 ~yenn wt 2

l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000

Sources Commercial Pan America Vol 16 No IJ Eatadistica

1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25

(Valur in thousands of Bilboas 1 Balboa 1 IT S Dollar)

124 12A4

fublic Health orks 2967 531 2 105340

Government Justice 2oS61 35350 43636

~dUC9tion 22307 2~O52 3752J~

Com~erce Agriculture 5eS LJ373 1~O51

Pmiddotinance reasurr 10176 10452 15964

orej~l1 ~lations 7776 4262 7510

Nationl Public Debt 14364 25563 6960

Controllors ottica 168 2113

SpAcial Sxpenditures -- - 13214

Other r~~)end1 tures 2703 1952 2809

TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7

Source Commercial hn Amerioa Vol 16 ND 1 Fstad1stica Panamena

~XTERNAt AND INTI~RNAL PUBLIC DE) 1942=47

Tota6 Pubie Deb

Loan of 1928 - Serie A not under PIan

Loan of 1928 - Serie At 1 I under FL~

Loan of 1941 - (~) Serie liB

Current Accounts Loan of 1940 () Interest CerUficates in

Moratorium Interest IDle on Interest

certificates Interest due on 1928 bonds

not under Plan

Credit certificates Investment and Savings bonds

Issue of 1941 (6) Imrestment and Snvings bonds

Issue of 1946 (6) Airport Bonds - Issue of

1947 (4) Loan for City of Colon

(Banco Naciona1) Current Accounts

2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728

Jj - 5 bonds reduced to ~ under 1941 debt settlement

Sourcet Estadistica Panamena January 194~ Vol 7 No1

$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI

millions of US tgt Repnd pewits

1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290

~ No data is available on the volume of currency in oirshyoulation (whioh is composed entirely of US dollars)

Souroe Internationa1 Finanoial statistios November 1948

1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28

mpoundIL FOOD PRICES

11 October 1939 - June 1940 bull 100

Source International Financial Statistics

100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947

LOANS INVEm1ENTS AND DEPOSITS OF COMMERCIAL BUJU 11

(Millions of Dollars)

Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682

II Includes the Banco lacional de Panama Caja de Ahorros National City Bank ot Nev York Chase National Bank Enrique Halpben y Cia (David) Carl Friese y Cia (Bocas del Taro) Banco Hipotecario (discontinued in 1941) and sinoe 1947 the Provinoial Banks of Colon Chiriqui and Herrera does not include Banoo Agro-Pecuario 7 Industrial

Sources Estadlstlca Panamfma JanlJ8l7 1948

-47-

APPENDIX )0

LOANS OF THE BANC9 AQRO-PECU4RI9 Y INDUSTRIAL

(Thousands of Dollars)

June )0 tw of Loan J944

Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms

Source Memoria del Banco Agro-Peouario Y Industrial 1948

1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31

VALUFj OF ICTAL EXPOlS AND IMroRT~


Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)

gommoditz 124amp ~ ~ ~

Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779

Source Heport No 71 dated April 30 1948 from the TJHed States XiSY at Panama City Panama

l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages

Rav materials and se~imnnufactured

products

VLUE OF IHPOHTsect BY KIND OF GJO)sect

(In United States do11as)

~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720

Manufactured T)roducts 24355366 74952g 24803~49

Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205

Source IR Vol 5 No 62 US bull Jept of Commercestadistica lanamena gtterch194S

-51-

VAlelrn OF EYPOHTS BY COUNTRY 0 DESTINATION

(thousands of dollars)

Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total

11 Inclups the enTIa1 ZOrle

$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000

Sources 1t1orolgn frade of Latin America US T9riff Commission Part II Section 16 Panama 1941 Estadlstica P6namena January 194a

-52-

VA~UE OF ~1PORTS BY ()1fJTEY OF ORIGIN


1927 ~ bull ---1_

UnitGd )tates 11 1119g3 549

J8pan 3089 141

rrni ted Kingiom 1275 58

(11111 1) Iy 1169 51

ArgGntina -Mexico --Br8dl -- ---Cl1brl --N 111 ra gna

ColOOlbia -- ---Others [312 198

T()IAL a~8 1000

JI Inc1urles the C~iflal 7one

1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000

Source ~Foreign Trade of Latin America Part II Section 16 us Tariff Commission 1941 Fstadist1c Fimalena March 1948

191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731

Panama has no official gold or foreign exchange holdings as US curreney is the cireu1eting medium The volume of UB Currency in circulation is unknown

As of June 30 lQ47 $3 million of the short term assets in the US were offieiul and $61 million vere private

As of the end or 1947 ths Banet Naolonal had $43 million cash on hand

Source I International Financial Statistics Estadistica Panamena January 1948

APPFNDlX lZ

Millions of Do1las

IntGrests in controlled enterprises

Securities

Currency aucl deposits

Heal lroperty JS

Int(~rests in estates and trrwts

xU s cellaneous 161

Totsl

Souree Census of American-Owned Assets in Foreign Countries U~ Treasury 1947

-55-

APPENDIX 38

INTERNATIONAL BALANCE OF PAYMENTS PBPUBLIO OF PANAMA FOR THE nARS Ul2 J941124J 1245 fegmd iene siNHraquo sectraabgJ)

(in thousands of dollars)

ReQipts 8M Payments

lLEtcei-ets

Ilferchandise an CUrrent Transactions Exports 3S9S 4780 2078 Income tram Constitutional FUnd 183 159 137 Exp~ndltures of Foreign Governments 172 489 12312

Total 4253 542S J52S

Capital Transactions Decrease of US Money in Panama Decrease of Panama Silver Coinage -- 46 250 Decrease of Bank Japes ts Abroad - -- ---Increase in Amounts duefrom Abroad -- 7376

Total 7422 250

Receipts from Canal Zone 24451 64772 98549

Total Rec~ei pta 28704 77622 102327

faDSmt

Merchandise and Current Transactions laporte 20540 26651 41169 Freight charges on Imports 1130 1466 2861 Insurance charges on Imports 231 93l 1081 i~xpenditures of Panamanian Diplomatic and

Consular Service 315 345 432 EXpendi tures of Ianamanians Abroad 1290 1212 2186 Debt Services and Business Earnings 2~2 -la411 lllZ

Total 24431 3208 50846

Capital Transactions Inerease ot US Money - 5299 6670 Inerease ot Bank Deposits Abroad - 8544 10800 Ipcrease of Bond Investments Abroad - 326 6726 Other Capital Increases - -Dec9$se in Amounts due from Abroad 254

14169 Total 25150

Payme~ts to Cena1 Zone 4159 8327 13530

totaiKaymrnis ~t 5434 89 5~26

o~ eCe p s Z~1 lQJ~ 114

4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect

l)1fpound~~e du~ to ErrOr and Omission 72~08S t12SPl 12237

SOuree)panamlts Receipts from the Canal Zone in Relation to her Foreign Trad~ and National Income prepared by Elindley Weaver (American Embassy Panam8) Table VT

i ~ ~

APPENDIX 39

RECEIPTS Oli TIn~ ttPUBLIC OF PANAMA 1ROM rHE CANAL ZONE CLASSIFIED AS TO RFCIPr~NTS AND PUHPO~FS ~OH

THi [ltISCtLYF~ARS 12l21945

Recipients and Pyrpos~ 1939 19tO 124 ~

deeei ved by Ind1 vidual Residents of Ptlnama Por Wages and Salaries US Govt Agenctes (excluding contract vork for Army ann Navy) 9lSg 13475 26491 37530

Army and Navy contract payrolls 6~ 2~61 lJi221 1i7g1 Total US Govt Agencies 9796 23036 41452 5 251

Rusiness concerns in Gan~l Zone 831 865 96S 1353 Domestie servants _L2llt 1deg1ts 10J~ 18~L

Total Wages and Salaries 11651 24935 431+54 59455

For pension and disability relief 100 129 151 165 or rentals -- 2 43ed 12

Total 11751 25066 59635

Received by Business finterprlses in Panama Hho1esa1e tr1lde 2551 2~90 3095 4875 Retail trade and services ~~960 11953 15532 26202

Unclassified amounts to business enter-pri ses including eon m ctors t profits and capital payments 6n ~212 1827 ~li~

rotal 12182 1 059 20454 35531

Recei ved ()y Government of Panama (direct receipts only) Rentals 430 430 437 573 Lottery 88 ~ lll Jm Total -518 535 710 117+

Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387

98549 75420 69266 Sour~el Panama 8 Receipts trom the Ganal Zone in Relation to her orelgn Trade and Nat-tonal nc~ome

prepared by indley tleaver (Amari can ~mbassy l-anama) Table II I

I

f

ampfPEJIDll 40

RECEIPTS OF REPUBLIC OF PANAMA JROM THE CANAL ZONJE CLASSIFIEP AS 12 SOU~Q~sroR FISCAL YEARS 1932=Jr942


Sogpound2e or ~e2e2t~ l2l2 191amp l2lil ~

From US Government Agencies (Direct Payments)

Panama Canal 4014 6594 8997 8879 8832 8~31 9039 Panama Railroad Co 1516 2412 3471 36)7 4170 4441 3542 us ArIIT 7107 17217 27217 39041 37100 23628 17877 US Will 589 1178 5503 12183 15684 10583 1150( U 5 Fublicioad Adm 14 1505 2371 1077 437 1357 ar Shipfing Adm - - -- 15 7 40 105

Total 13266 27415 ~6693 66126 66890 47450 43420

From tndivlduals including (a) Resident population cirtl1sns and military and naval personnel stationed in Canal Zone and (b) Trknslent population crevs on merchant vessels crews on naval ships civilian passengers by air and sea and mili tary and naval personnel as passengers 10082 13092 16839 28654 29732 26174 23974

From Business Enterprise In Canal Zone 1143 1153 1240 1560 1927 1796 1872

Total Receipts 24451 41660 64772 96340 98549 75420 69266

Percent ot Total u S Government

Agencies 54 66 72 69 6S 63 63 Business Enterprise 5 3 2 2 2 2 3 Individuals 41 31 26 29 30 35 34

Source I Panamas Receipts tram the Canal Zone in Relation to her Foreign Trade and National Income prepared b Dlndley Weaver (American f~mba8sy Panama) Table I

fFliiN1ll itO

RECEIPTS OF REPUBLIC Q IANAMAFROM THE CANAL 7oN11 CLM1S~mD AS 10 SOlJ9 bull ~ fOL FISCAL I1ltAHS 19J2=ls24~


~ourse or Reipt 1U2 191112 ~ ~ ~

From US GovertlJlent Agencies (Direct Payments)

Panama Canal 4014 1594 middotit997 8S79 8832 8~31 9039 Panall1 Railroad Co 1516 2412 3471 3637 4170 444l 3542 us rIQ 7107 17217 27217 J041 37100 23628 17877 us 14_7 sq 1178 5503 12183 15MA lC5~3 1150( TJ 3 fub1i c toad Adm 14 1505 2371 1C77 437 1357 (ar Shippiil dm - - 15 27 40 105

total 132(6 27415 ~6693 66126 66S90 1 7450 43420

From individuals including (a) Resident popWJgttion civilians and military and naval personnel stationed in Canal Zone ani (b) Transient population Cr9WS on merchant vessels crevs on naval ships cl vi l1an passengers by air and sea and military and naval pe~sonnel as pa ssengers 10082 13092 168)lt1 28654 29732 26174 ~J974

From Business Enterprise in Canal Zone 1143 1153 1240 1560 1927 1796 1872

Total Receipts 24451 41660 64772 96340 98549 7420 69266

Percent of Total 11 S Government

Agencies 54 66 72 69 68 6) 63 Business Enterprise 5 3 2 2 2 2 3 IndiViduals 41 31 26 29 30 )5 34

Souroe Panama r s Receipts from the Canal Zone in Relation to her 1oreign Trade and National Income prepared b tindlel Weaver (Ameiean lmbassy Panama) Table J

PANAMA SUMMARY STATISTICS 100

EXTERNAL TRADE In Millions of Balboas

80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS

010 CD Ol 0 - tJ Itl ~ Itlltlltlltl~~~~~ 0l0l Ol ~ ~ ~ m ~~ -fob -Annual rate based on 8 monlhs of 1948 SOURCE IMF

250 ----------- ----- RETAIL PRICES Oct 1 936-Jun 1940 = 100

2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------

EXTERNAL DEBT OUTSTANDING -J

20 In Millions of US Dollors I

1938 1947 END OF YEAR

SOURCES Vanous

lBRD -Economic Dept

IBANANAS AND COCOA ~ IN OF TOTAL VALUE O~_~~

100

1---____ ---1 80

1937 1938 1946

SOURCE IMF

I DEPOSIT MONEY bull Millions of

~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948

SOURCE IMF~ ______ --======= 400 U S DIRECT INVESTMENTS In Millions of us Dollars

1--------------1 300


SOURCE Depl of Commerce

NO274

a

PR~ACr --

This report represents a preliminay iescrirtion

rather than an analysis or crttique of the Panamanian

eeon()my ))ne to lim ta Hons of time it JaB possible to

consult only thor sourclts readily available wi thin the Bank

TABU Or CONTENTS
















Principal Items

1 3 5 g ~

9 10 13 13 14 14 15 16

18 19

20

21 22 23

24

25

26 27

28 29 )0

31 32 33 34 )5 36 37 Ja 39

40









1939-45

41

42 43 44 45

46 47 48 49 50 51 52 53 54

5

57

I~ ~ l11 ~9illli

Area 1948 c miles 28000 -~1





tures 1947 n J~6


8~

O~ --- -----~--

I

c A R 8 COSTA

-

RICA

J 0

II os 1I1J I TO

r 0 R

-- -- o

o -

~

-r -_

I

I - lt RemediOi

~~~~o --BF

t I

I IJ A

reg SANl1AGO

V I I I

tW c - I I

S A

PANAMA Ii


82-

A C

0 C

bull

E

80- 78-

B E A N S E A

OF

F C

A N SCALE 0 50

10

COSTA

~

RICA

-1 )

1

c

A R I

p

o c

B B E

G U I OF

+ c I F I c

E N

A

If

I )

PANAMA

N

s

PANAMA PHYSICAL MAP

pound


o z so u


RAI LROAOS


RIVERS --- bull t

MARSHES

A

-

o

1

ELEVATIONS

[T[$ [[T

3000 2000 12


1$

0 I)

c 2 C z Cgt ~

G

00 C 00 Z 00 a0 ~ ggJ 8 -t5~ --~o


~o aCI) ~ Ow

~ 2J W

~ bullbull bull

u -z

bull

o 100 200

MILES





IillII BANANAS

~ COFFtt



















parts










-2-














of savanna













-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

TABU Or CONTENTS
















Principal Items

1 3 5 g ~

9 10 13 13 14 14 15 16

18 19

20

21 22 23

24

25

26 27

28 29 )0

31 32 33 34 )5 36 37 Ja 39

40









1939-45

41

42 43 44 45

46 47 48 49 50 51 52 53 54

5

57

I~ ~ l11 ~9illli

Area 1948 c miles 28000 -~1





tures 1947 n J~6


8~

O~ --- -----~--

I

c A R 8 COSTA

-

RICA

J 0

II os 1I1J I TO

r 0 R

-- -- o

o -

~

-r -_

I

I - lt RemediOi

~~~~o --BF

t I

I IJ A

reg SANl1AGO

V I I I

tW c - I I

S A

PANAMA Ii


82-

A C

0 C

bull

E

80- 78-

B E A N S E A

OF

F C

A N SCALE 0 50

10

COSTA

~

RICA

-1 )

1

c

A R I

p

o c

B B E

G U I OF

+ c I F I c

E N

A

If

I )

PANAMA

N

s

PANAMA PHYSICAL MAP

pound


o z so u


RAI LROAOS


RIVERS --- bull t

MARSHES

A

-

o

1

ELEVATIONS

[T[$ [[T

3000 2000 12


1$

0 I)

c 2 C z Cgt ~

G

00 C 00 Z 00 a0 ~ ggJ 8 -t5~ --~o


~o aCI) ~ Ow

~ 2J W

~ bullbull bull

u -z

bull

o 100 200

MILES





IillII BANANAS

~ COFFtt



















parts










-2-














of savanna













-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a









1939-45

41

42 43 44 45

46 47 48 49 50 51 52 53 54

5

57

I~ ~ l11 ~9illli

Area 1948 c miles 28000 -~1





tures 1947 n J~6


8~

O~ --- -----~--

I

c A R 8 COSTA

-

RICA

J 0

II os 1I1J I TO

r 0 R

-- -- o

o -

~

-r -_

I

I - lt RemediOi

~~~~o --BF

t I

I IJ A

reg SANl1AGO

V I I I

tW c - I I

S A

PANAMA Ii


82-

A C

0 C

bull

E

80- 78-

B E A N S E A

OF

F C

A N SCALE 0 50

10

COSTA

~

RICA

-1 )

1

c

A R I

p

o c

B B E

G U I OF

+ c I F I c

E N

A

If

I )

PANAMA

N

s

PANAMA PHYSICAL MAP

pound


o z so u


RAI LROAOS


RIVERS --- bull t

MARSHES

A

-

o

1

ELEVATIONS

[T[$ [[T

3000 2000 12


1$

0 I)

c 2 C z Cgt ~

G

00 C 00 Z 00 a0 ~ ggJ 8 -t5~ --~o


~o aCI) ~ Ow

~ 2J W

~ bullbull bull

u -z

bull

o 100 200

MILES





IillII BANANAS

~ COFFtt



















parts










-2-














of savanna













-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

I~ ~ l11 ~9illli

Area 1948 c miles 28000 -~1





tures 1947 n J~6


8~

O~ --- -----~--

I

c A R 8 COSTA

-

RICA

J 0

II os 1I1J I TO

r 0 R

-- -- o

o -

~

-r -_

I

I - lt RemediOi

~~~~o --BF

t I

I IJ A

reg SANl1AGO

V I I I

tW c - I I

S A

PANAMA Ii


82-

A C

0 C

bull

E

80- 78-

B E A N S E A

OF

F C

A N SCALE 0 50

10

COSTA

~

RICA

-1 )

1

c

A R I

p

o c

B B E

G U I OF

+ c I F I c

E N

A

If

I )

PANAMA

N

s

PANAMA PHYSICAL MAP

pound


o z so u


RAI LROAOS


RIVERS --- bull t

MARSHES

A

-

o

1

ELEVATIONS

[T[$ [[T

3000 2000 12


1$

0 I)

c 2 C z Cgt ~

G

00 C 00 Z 00 a0 ~ ggJ 8 -t5~ --~o


~o aCI) ~ Ow

~ 2J W

~ bullbull bull

u -z

bull

o 100 200

MILES





IillII BANANAS

~ COFFtt



















parts










-2-














of savanna













-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

8~

O~ --- -----~--

I

c A R 8 COSTA

-

RICA

J 0

II os 1I1J I TO

r 0 R

-- -- o

o -

~

-r -_

I

I - lt RemediOi

~~~~o --BF

t I

I IJ A

reg SANl1AGO

V I I I

tW c - I I

S A

PANAMA Ii


82-

A C

0 C

bull

E

80- 78-

B E A N S E A

OF

F C

A N SCALE 0 50

10

COSTA

~

RICA

-1 )

1

c

A R I

p

o c

B B E

G U I OF

+ c I F I c

E N

A

If

I )

PANAMA

N

s

PANAMA PHYSICAL MAP

pound


o z so u


RAI LROAOS


RIVERS --- bull t

MARSHES

A

-

o

1

ELEVATIONS

[T[$ [[T

3000 2000 12


1$

0 I)

c 2 C z Cgt ~

G

00 C 00 Z 00 a0 ~ ggJ 8 -t5~ --~o


~o aCI) ~ Ow

~ 2J W

~ bullbull bull

u -z

bull

o 100 200

MILES





IillII BANANAS

~ COFFtt



















parts










-2-














of savanna













-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

COSTA

~

RICA

-1 )

1

c

A R I

p

o c

B B E

G U I OF

+ c I F I c

E N

A

If

I )

PANAMA

N

s

PANAMA PHYSICAL MAP

pound


o z so u


RAI LROAOS


RIVERS --- bull t

MARSHES

A

-

o

1

ELEVATIONS

[T[$ [[T

3000 2000 12


1$

0 I)

c 2 C z Cgt ~

G

00 C 00 Z 00 a0 ~ ggJ 8 -t5~ --~o


~o aCI) ~ Ow

~ 2J W

~ bullbull bull

u -z

bull

o 100 200

MILES





IillII BANANAS

~ COFFtt



















parts










-2-














of savanna













-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

c 2 C z Cgt ~

G

00 C 00 Z 00 a0 ~ ggJ 8 -t5~ --~o


~o aCI) ~ Ow

~ 2J W

~ bullbull bull

u -z

bull

o 100 200

MILES





IillII BANANAS

~ COFFtt



















parts










-2-














of savanna













-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

bull

o 100 200

MILES





IillII BANANAS

~ COFFtt



















parts










-2-














of savanna













-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a


















parts










-2-














of savanna













-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-2-














of savanna













-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-3-



























-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-4-




























-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-5-



III



-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-f-

































-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a









-lt-



















functions elsewhere



basis

t ~GRICULTJRF





-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-9-

geograpbie location




















VI iOfIESTRY













VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a









VU 11SRfliIl~~














-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-11-












-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-13-









rUI




to exist














-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-14-

x tRANspmlI























XI mE~IGN liiADEl





-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-1








from the Zone




















-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a





-17-












estate mOltl f8[C9S









-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-18-

4PPENPU 1




Panama 61855 98035 114103 173328 278

Chiriqui 63364 76470 76918 11206 199

Veraguas 59614 66603 (j9543 84994 137

Colon 32092 5~250 57161 7S119 125

Cocle 35011 45151 48244 55737 middot~9

Loe Santos 3007 34638 41218 1+9621 So

Harrera 23007 28984 31030 38118 61

Boeas del Toro 22732 27239 15851 16523 27

Darien S992 10728 13391 11930 24

TOTAL 336742- 446098 467459 622576 1000


frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

frovinsil

Panama

ChiriQui

Veraguas

Colon

Cocle

Los Santos

Herrere

Bocas del Tore

Darien

TOTAL




173328 125055 48273 721 279

111206 16138 9506S 145 S55

84994 5664 79330 67 93 bull 3

78119 44393 33726 56a 432

55737 6738 48999 121 879

49621 4080 45541 82 91S

38118 4790 33328 12 6 874

16623 3667 12856 222 778

14230 -- 1u22deg - 1ooa2 622576 210525 412051 338 662



Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a


Panama 12198 1S518 35562 2256 68934

Chiriqui 461 1302 233 791 30617

Veraguas 2198 339 24761 276 27574

GolO1 4399 I)) 6593 1 bull 357 26202

Cools 826 699 15972 182 17)90

IOI Santos 337 105 13272 24 16~7~g

qerrera 1306 227 11Mr1 62 13Og2


Darien 97 1410 111 41 26ltn

TOTAL 29162 39103 134255 5198 207718



ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

ArPENPIX 4








Commerce 10425 50





10 TPL 2077lS 1000


AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

AlPlJDIX sect








~sectfi2i ~1Qa2 ~











~

251 ~ 2LA 101 188

28 L1 iLli sectll

56 lL iiQ

01 id aQ 13 02 31

Qamp

Jiamp

aa

05 -a -4a1 367 Gi5

lOQ2

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-23-






~

2334-4 18382

420e 2947

48879

5500 100 300

21686 10706

2947 7SOO

48879

bregt

47e 378 86 60

1000

113 04 06

444 219

60 154-

1000


APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

APPHiNDU 7



Com 31613 213 93976 278

Yucca 25120 17 32161 107

Ban~na Plan t s 18642 128 24243 80

Sugar Oene 9972 67 23309 77

Xitmq Beans 9997 67 17480 58

Y~JlS 15608 11)5 13951 46


JI01AL 148220 1000 001897 1000


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a


Under 1

1 2

2 5

5 10

10 20

20 50

50 100

100 200

200 500

500 and more

]OlAL

Tolll Itml Btlnt

87

429

1314

907

461

206

49

21

-If

~~

~14~2

-25-

APP1rHDtx 8

lJATIOIAt LUD JID

Npmber ~eg1~res

4025 54 2544

52366 337 41393

389286 1139 337502

57B41B 785 501743

562200 394 473225

596425 163 466400

315000 ~4 135650

~7tOO 9 96900

1~~4550

42WOO

~~29570 ~90p ~O12sect~IQ7



NYlRer Hegtarq

33 1491

92 10973

115 51784

l~-G~ 76675

67 88975

43 IZOO25

r CcJ 179350

12 177300

5 1~1650

t- 43000

ft11 J~ 7(ll~

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

Qlsect$ Qt ~~il


Owners 299

Mana~ers 5r

Partners 18

Renter$ 55

Squtters 3076

TotJiL 3482

grnmIX 9






10111 ~Z8

1697 2D8 16 68 38

240 133 -174 51 3 29 97

21074 69 2884 20457 71

~3196 M 2iQ5 ~O5l21 1l


299 10111 338

37 1629 440

18 133

31 145 47

192 61 1 32

577 2 742 0 ~_ ~21

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-27-

PRODUCTION

4~1)-~lC~ t1 )~r pounds 6200 5156813 11455635



Coffee

Pdce

Corn

~hlglttr

1)Ulda 900011 5000000 2500000

qaintal5lI 122282 1201700 1151042

nounds 106164 D bull a 85600000

quintals


25OOOll 15000 171000




J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

J C~ del

Ooole

Colon

Chiriqni

Darien

Herrero

Los Santos

Ps middotlamamp

Veragu1s

iOTIJ

Tore

-28-


701

-11441

4461

84637

458

50304

59123

25804

64025

~33960

364

26308

2857

54237

271

29494

35394

14450

56018

199395

ireMu U

lilkiy Qsnu

platz

337

18139

1604

30400

181

zO t810

23729

11354

28001

14 561

IIYASd iQA6 DallY

IUk fmductiQ~

ri 1lers

l~

10070

a 900

952

16lt

8

12middotnS

8010

6Z5G

69332




1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a



1942 57117 43142 14005 50672 42081 8591

1943 60370 44600 15770 44281 36775 7506

1944 58879 43936 14943 42467 35amp49 6818

1945 62920 45226 17694 44108 36281 7821

1946 68848 49059 19789 47203 36999 10204

1947 79688 58065 21623 38801 29683 ~ li8


Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

Paulll1 ~ ~





caseafJ 25OOOJ




na Not AVai1ab1e






-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-31-

APPENDIX 14




1S40 205 93 288

1941 827 99 326

1942 257 101 358

1943 299 103 392

1944 nl 114 425

1945 333 la2 455

1946 465 150 615

1947 544- 150 694


AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

AfPFNDU l~



The Fanama Canal 3479546 3929709 3919390




~mployees 25251773 24263250 23473518

Gross sales 33225603 3g405OSO 3941486


I~et salea 32278463 37126703 38134705


-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-33-

APPFKQn 16


~




Other Income 130373




Interest 320135


Loss 18 790a

~

$208 5348l

50560701

46472

45308

~2927682

50736672

2184960

6O~

22722102


-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-34-

APPENDIX 17


~ ~

Passenger Trains





Frn~gMi Trains






Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

Concrete

Macadam

-35-

AlPENDlX 4sect

HIGHWAYS OF PANAMA


Total



l2A7 2201

3539

6005

bull 6165

17870


2lt2 2174

3566

5698

ow ~l

17879




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a




I2llspaYiX tmDl1il


Local vassals if 137 410 847 285 914


2458 26i9 5107 i~032 6817

Tolls-free lIns~ta

537 78 1265 5554 664 - - -





-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-37-


~l1eal leat




21670518 ll J 977 940 27g66627

Tolls ~ 17596602 14773693 $ 23661021


-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-38-



British 5435332 251 3606015 241 6801556 244

tlorwegian 1145745 53 864940 57 )408078 122

Panamanian 6574~9 30 510708 Jt 371721 13

Swedish 484912 22 177271 1 ~~ 1008245 36

French )77346 17 29706 2 50172 18

Danish 375260 17 47716 ) 727552 26

Netherland 359~O8 17 204590 14 675105 24

Chilean 258f65 12 20947 14 62904 2

Greek 199415 9 203833 14 666471 24

Yugoslav 12353 1 lC 1 266913 10

Japanese 1710303 62

German 1468996 53

All other 652164 30 322438 21 28761 10

Total 21670518 1000 14977940 1000 27866627 1000





First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a




First-class 2341 09 336610 352191

Second-class 381840 444899 429627

Total 616249 781509 7S181S bull z








-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

-40-


Internal Eevenuaa

~tional Lottery

Import )utles


t1lscella1Gous


Export Cluties

Special evenues

Other Hecelpte

1m 3032 9

1 bull 2060

Jfl235

1075

2 ~~94

2S55

)862

221

1128

127059

3432

lill 4 t (24 bull

~77g

57546

14J~1

720S

5~46

4725

2SL

1]9)

16619 bull 3

50021


~AC7C

1777 6

1152J

10245

497

6

17459

27lq~1

117453

56198

91945

96)9

672S

335572

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

Internal Revonues

Natt ona 1 LOtt9ry

Import Dutie3

Consular fees


Miscellaneous

National cervices

Bonded Parehouses

Export Duties

Speoial revenuos

Total fterenues

Other ~lece1pts

TOTU


l222 J1H4 12M

233 214 321

92 133 231

29 bull 3 266 206

7 7 67 f5

218 33 42

28 27 J8

30 22 21

02 G1 C2

09 06 01

03

--974 769 936

26 231 64 --- ---1000 100( 1000


1947

305

146

)05

111

25

17

24

01

03

~71

129

1000

Panamena

APPliNDl1 25


124 12A4



~dUC9tion 22307 2~O52 3752J~



orej~l1 ~lations 7776 4262 7510





TOTAL 1082-42 165619 253127

5gt228

66247

1MJ9

5~

2321 7



Tota6 Pubie Deb







not under Plan






2235250075 $19869461378

1566S4379S

69350000

1061600000

324400000

328094 83S95000

3561593

17515036

317868

18261000

282713000

143700000

132819460 90595749

g9750000

1041200000

336300000

346267 g1320000

B674376

4554047

20455820

326640

1~261000

294352000

-01406728



$1725939285

1595104065

~9750000

J47~OOOOO

349460 A164Mh 60

9992278

520722

19160642

326640

U~261000

----112247580

-44-

gPENDIX 27

MONEY SUPfLI


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (June)

44

90

132

215

314

381

424

366

326

290



1940 II 1941

1942

1943

1944

1945

1946

1947

1948 (September)

-45-

APPENDIX 28




100

153

156

159

162

175

193

203

1939

1940

1941

1942

1943

1944

1945

1946

1947



Igvetmentl

93 12

106 14

111 28

85 75

7 2 184

85 227

114 253

176 246

227 221

Dewsits

130

285

245

417

650

775

812

745

682



-47-

APPENDIX )0




Commercial 81

Agricultural 565

Livestock 2)65

Crop advances 2382

Industrial J~hO

TOTAL 6473

June )0 1948

25

1563

4611

1)85

2194

ms


1939

1940

1941

1942

1943

1944

1945

1946

1947

1948 (8 BlO)

-48-

APPElIDIX 31



Expprts

337

398

423

22)

193

293

451

680

850

681


Imwrtsect

2046

2279

3277

3790

4027

3829

4565

5606

7570

4528

(In US Dollars)


Bananas 1812715 754 Tn 922099 2OL7759 115433

Ahaca fJ)er bO076 285521 ~9157 1121087 t86515

Coconuts 10701 500909 qo5 t 186

Cacao 256338 402460 314117 98247 524977

Whiskey - 46~~ 060 110220 L~22J

Rubber 23 9 592 276095 314117 305604 123lS9

other~ 65(06 210~24 259679 )18016 547946

Total 2229028 1929033 2927229 45013-2 t)8DO779


l24l

L215S25

1 i 2 904

267005

1205321

72662

~t336075

~519892

Live Anirrals

Foodstuffs

Beverages


products



~ 2Al lli4

359~132 676192 L4[1037

7 f49321~7 77696pound7 9190541

2415 -So 5 204060) 1034867

1~5 ~ 12ltZ 310371 510~ 1149207

8+20060 q 34 r Oq J 13545477

1259961 1601797 1379932

3304721 3031422 3t812~422 4259199 5JO~953 7207720


Total

31398533 39545255

----_ ----- ----- ----- 5~10421~62

3792g071 40267592 2~9766

15 6M3 124 5() 057 ~ 4 9S 75704205


-51-



Ijnited States JI

United Kinfdom

Germany

Netherlandfl

Costa ca

Other~

Total


$ a

47

103

--

12

25

100(

t 7274

4

764

Ilt1

337

820

89

rt Jt

39

-1000


-52-



1927 ~ bull ---1_


J8pan 3089 141


(11111 1) Iy 1169 51



T()IAL a~8 1000


1947

I I

61545 2 ----

13+1 1 A --

--1363 l~

995 1-3

79~ 10

772 10

1077 14

607 08

7210 96

-75704 1000


191~

1943

1944

1945

1)46

1947

1948

Note

-53-

Millions of DolJars

369

576

691

8~7

772

703

(July) 731





APPFNDlX lZ

Millions of Do1las


Securities


Heal lroperty JS


xU s cellaneous 161

Totsl


-55-

APPENDIX 38



ReQipts 8M Payments

lLEtcei-ets




Total 7422 250


Total Rec~ei pta 28704 77622 102327

faDSmt



Total 24431 3208 50846


14169 Total 25150




4017 131

lJ07

5455

JS46 33 -12$

I

4007

69266

79728

36405 2531

592

432 350 2~~

l~5994

-1354 4096 7664 - 13lU

17383 76~91 m~sect



i ~ ~

APPENDIX 39









Total 11751 25066 59635



rotal 12182 1 059 20454 35531


Total Receipts 24451 41660 64772 96340

JtIsl 12M W

36474 )0541 2g499 2O10~ 6~l 5657 37484

J862 32361

1762 1603 1617 2081 11~2 - 1628

60421 40938 35636

176 195 176

J~ ~11U 5 6063 35815

793 7447 8100 2693g 23597 21596

2 171 11~2 22 36502 32773 32062

700 755 667 711 72r6 720 -1411 1481 1387



I

f

ampfPEJIDll 40






Total 13266 27415 ~6693 66126 66890 47450 43420



Total Receipts 24451 41660 64772 96340 98549 75420 69266




fFliiN1ll itO






total 132(6 27415 ~6693 66126 66S90 1 7450 43420



Total Receipts 24451 41660 64772 96340 98549 7420 69266






80 1----------------1

60 f-----________ ---------J

IMPORTSII

40 1-----------iiT __ =-----j

_

2 0 eII-_~=--------------i

EXPORTS



2 00 1---------------1 1---I--=-NcA

--

I 50 I----c=----------j 1------1

NA oo-H

50 L ~ idII ~~i~~ I()~~ MJSD U ~ U ~ ~ ~ ~ ~ m 1948

SOURCE IMF 25 ------------




SOURCES Vanous

lBRD -Economic Dept


100

1---____ ---1 80

1937 1938 1946

SOURCE IMF


~ Balboas

50

40 ~

-- 30

20

10

I~ I

~ bull

I o lsI 2nd QIr Qlr

1948


1--------------1 300



NO274

a

INTERNATIOlI~L BANK FOR RECONSTRUCTION AND … · 2016. 7. 13. · 27. Money SuPP17 28. Retail Food...

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Transcript of INTERNATIOlI~L BANK FOR RECONSTRUCTION AND … · 2016. 7. 13. · 27. Money SuPP17 28. Retail Food...