Panama flag Panama: Economic and Political Overview

The political framework of Panama

Political Outline

Current Political Leaders
President: José Raúl MULINO Quintero (since 1 July 2024)
Next Election Dates
Presidential and National Assembly: May 2029
Main Political Parties
Panama's political system is based on a multi-party system where parties work together to form coalition governments. The country's major political parties are:

- Realizing Goals (RM): centre-right to right-wing
- Democratic Revolutionary Party (PRD): centre-left, populist, social-democratic
- Democratic Change (CD): centre-right, opposition, works toward continued economic growth and better infrastructure
- Panamenista Party (PP): right-wing, populist, conservative
- Nationalist Republican Liberal Movement (MOLIRENA): centre-right, pro-business, liberal, conservative. Allied with the CD
- Another Way Movement (MOCA): big-tent
- People's Party (PP): centre-right, christian democracy, conservative. Formerly known as Christian Democratic Party or PDC.
Executive Power
The president is both the chief of state and the head of government. The president and the vice-president are elected by popular vote for a five-year term and are not eligible for consecutive re-election but can run again after a five-year gap. The president appoints the Cabinet and holds executive powers, which include the implementation of laws within the country and overseeing day-to-day governmental affairs.
Legislative Power
The legislature in Panama is unicameral. The parliament, called the National Assembly, has 71 seats. Members are elected by popular vote for five-year terms through a mixed electoral system: 26 members are chosen via single-member constituencies using a first-past-the-post system, and 45 members are elected from multi-member constituencies through proportional representation. The legislature is a branch of power that is equal to and independent of the executive. Legislative power is vested in both the government and the National Assembly.
 
 

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Latest Update: March 2026