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🇵🇦 Panama

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🎵 National Anthem
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Geography & Borders

ColombiaColombiaCosta RicaCosta Rica

Introduction & Background

Panama (/ˈpænəmɑː/ⓘ PAN-ə-mah, /pænəˈmɑː/ pan-ə-MAH; Template:Lang-es Template:IPA-es), officially the Republic of Panama (Template:Lang-es), is a transcontinental country spanning the southern part9 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.1011

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, 1999.12 The surrounding territory was first returned in 1979.13

Overview
AttributeDetails
Official Name
Republic of Panama
Capital
Panama City
Continent
North America
Region / Subregion
Americas / Central America
Population
4,064,780
Area
75,417 km²
Languages
Spanish
Currencies
Panamanian balboa (B/.) [PAB], United States dollar ($) [USD]
Cost of Living
54.9 / 100 (Moderate)
Price per Coffee
$2.74
Price per Meal
$14.07
Timezones
UTC-05:00 (EST)
Bounding Box
Min: (7.22° N, 82.97° W)
Max: (9.61° N, 77.24° W)
Climate
Tropical / Warm
Terrain
Rugged mountains, hills, fertile valleys, and coastal lowlands
GDP (Nominal)
$86.52 billion (2024)
GDP (PPP)
$186.81 billion (2024)
GDP Growth Rate
2.75% (2024)
Macroeconomic Overview
The economy of Panama is based mainly on the tourism and services sector, which accounts for nearly 80% of its GDP and accounts for most of its foreign income. Services include banking, commerce, insurance, container ports, and flagship registry, medical and health and tourism. Historically, the Panama Canal was the key source of Panama's income, but its importance has been displaced by the services sector. As of 2025 Panama had a GDP of 90.41 billion USD. This equated to 19,800 USD per capita. In 2025, Panama also had an unemployment rate of 8%. Panama has a gross national debt of 59.6% of GDP. In 2024, Panama exported 37.37 billion USD worth of exports, an increase from 35.71 billion USD in 2022.

Geography & Climate



  • Map Locations: Google Maps | OpenStreetMap

Minerals

No mineral species have their type localities (original discovery site) defined within Panama in the Wikidata database. Explore other galleries to view geographic and climate data.

Flora & Flowers

Panama is home to a diverse range of plant species. Explore some of the native plants and flowers found in Panama below:

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Animals & Wildlife

Panama is home to a diverse range of animal species. Explore some of the native animals and wildlife found in Panama below:

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Music Albums

Explore the top 30 most-played music albums in Panama, sourced from Apple Music charts:

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