is located in Latin America and the Caribbean
part of North America
. It's total area is 74K km²
of it is forest area. As of 2022
it has a total population of 4.4M. 69.1%
lives in cities whereas 30.9%
lives in rural areas.
Panama ( (listen) PAN-ə-mah, pan-ə-MAH; Spanish: Panamá IPA: [panaˈma] (listen)), officially the Republic of Panama (Spanish: República de Panamá), is a transcontinental country spanning the southern part of North America and the northern part of South America. It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. Its capital and largest city is Panama City, whose metropolitan area is home to nearly half the country's 4 million people.Panama was inhabited by indigenous tribes before Spanish colonists arrived in the 16th century. It broke away from Spain in 1821 and joined the Republic of Gran Colombia, a union of Nueva Granada, Ecuador, and Venezuela. After Gran Colombia dissolved in 1831, Panama and Nueva Granada eventually became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the United States Army Corps of Engineers between 1904 and 1914. The 1977 Torrijos–Carter Treaties agreed to transfer the canal from the United States to Panama on December 31, 1999. The surrounding territory was first returned in 1979.Revenue from canal tolls continues to represent a significant portion of Panama's GDP, although commerce, banking, and tourism are major and growing sectors. It is regarded as having a high-income economy. In 2019 Panama ranked 57th in the world in terms of the Human Development Index. In 2018, Panama was ranked the seventh-most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index. Covering around 40 percent of its land area, Panama's jungles are home to an abundance of tropical plants and animals – some of them found nowhere else on earth. Panama is a founding member of the United Nations and other international organizations such as OAS, LAIA, G77, WHO, and NAM.
We have tagged Panama with these tags:
Spanish is the official language.
The official currencies are Panamanian balboa [1 USD = 1 PAB], United States dollar [1 USD = 1 USD].
🏧 Cash / Credit card usage
As credit cards are not widely used in Panama, we suggest you to carry cash during your travels [2017: %7.9997316]. Approximately there are a total of 🏧 3.1K ATM's in Panama.
In 2019, 2.5M tourists arrived to Panama. In 2019, tourism has contributed to Panama economy with a total of 7.1B $ income (%24.7).
Mobile internet & wifi is 🐌slow with 18.28 Mbps. Broadband is 🚀very fast with 148.76 Mbps.
Mobile & Wifi (0.68 / 10)
Averag yearly temperature is 🔥 25 °C and very hot. Current 3 months (November, December and January) average is ☀️ 25 °C and hot. Current season (fall) is ☀️ 25 °C and hot.
|Yearly average||25 °C 🔥|
|3 month average||25 °C ☀️|
|Spring average||26 °C 🔥|
|Summer average||25 °C 🔥|
|Fall average||25 °C ☀️|
|Winter average||25 °C ☀️|
About seasons: Remember that seasons in Southern Hemisphere are opposite of the Northern one. This means that in Argentina and Australia, winter begins in June. Currently season averages are rendered according Northern Hemisphere.
In 2022, gross national income (GNI) was 74B $ and with %9.1 increase GNI per capita was 17K $. In 2022, consumer inflation was calculated as %2.9.
The data contained in this page is provided for informational purposes only, and should not be construed as legal advice on any subject matter. We gather our data from open resources and may contain outdated information. Make sure to verify these data from official resources of the respective country.