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Note:*Panama City 120V
Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica
total: 78,200 sq km
land: 75,990 sq km
water: 2,210 sq km
tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)
interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills
GDP: $22.76 billion (2005 est.)
GDP growth rate: 6.4% (2005 est.)
GDP per capita: $7,200 (2005 est.)
Inflation rate: 2.9% (2005 est.)
Currency: balboa (PAB); US dollar (USD)
balboas per US dollar - 1 (2005), 1 (2004), 1 (2003), 1 (2002), 1 (2001)
Population: 3,191,319 (July 2006 est.)
Growth rate: 1.6% (2006 est.)
Roman Catholic 85%, Protestant 15%
Spanish (official), English 14%; note - many Panamanians bilingual
time difference: UTC-5 (same time as Washington, DC during Standard Time)
3 November 1903 (from Colombia; became independent from Spain 28 November 1821)
Note: Information on Panama was mainly sourced from CIA's World Factbook and may represent an American point of view. To learn more about Panama, please visit one of the links below.
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For sale at $12,000,000 USD. Price is negotiable.
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Hotels in Panama
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Large Hotel for Sale with 215 rooms, close to banks, and commercial areas. — Panama is the investment opportunity for this century. It´s a small country with a privileged geographic position, that offers easy access to distinct markets and other destinations within and outside the continent. It has the lowest inflation rate in Latin America, thanks to social stability and...
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