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Panama Flag - Fabplaces Panama

Panama is a country in Central America, situated between Costa Rica and Colombia, with coastlines on both the Caribbean Sea and the Pacific Ocean. Its capital is Panama City. The country is renowned for the Panama Canal, which connects the Atlantic and Pacific Oceans and is vital for global shipping and commerce.

Spanish is the official language, and the population of around 4.4 million is ethnically diverse, with mestizo, African, European, and Indigenous roots. Panama has a service-based market economy, with banking, commerce, and tourism as leading sectors, in large part because of the canal. The country’s history includes colonial rule by Spain, union with Colombia, and independence in 1903 with support from the United States, which built the canal.

Today, Panama is considered a high-income economy in the region.

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