Education

Panama has one of the highest literacy rates in the region, with more than 90% of the population literate. A significant percentage of Panamanians speak English well, and also hebrew, mandarin and other languages. There are more than five private universities in Panama, plus a major catholic university and the state institution, the University of Panama.

The annual budget for education accounts for approximately 20% of public spending. Over 95% of primary and secondary school students successfully complete their education, although only about 60%  finish their studies in the scheduled length of time. Average schooling is closed to 7 years against an average of 10 in the most developed countries.

R&D in universities is becoming more practically oriented towards society’s needs. Panama needs more well-trained scientists and technicians for the new challenges in the development of the country as a major player in maritime, telecommunications, scientific, ecological and internet sectors.

Educational Infrastructure
Budget assigned to education	US$ 710.8MM
Literacy	97.3%
Illiteracy	2.7%
Credits to higher education	1,418
At national level	1,116
At international level	302
Scholarships granted	18,649
At national level	18,450
At international level	99
Technical formation registered in 2000	19,134
Enrollment at national level
Elementary	419,903
High school	251,228
University	130,026
Graduated at national level
High school	57,504
University	58,503