Panama Net Worth is13,000 GDP/Capital ($)
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Native Name: es/República de Panamá
Conventional Long Name: Republic of Panama /common name
Image Flag: Flag of Panama.svg
Image Coat: Coat of Arms of Panama.svg
Image Map: Panama (orthographic projection).svg
National Motto: ''"Pro Mundi Beneficio"''2national anthem
Demonym: Demographics of Panama
Ethnic Groups: Amerindian and mestizo 68%, Amerindian 6%
Capital: Panama City, Panama
Latd: 8 /latm
Largest City: Panama City
Government Type: Unitary state Presidential system constitutional republic
Leader Title 1: President of Panama
Leader Name 1: Ricardo Martinelli
Leader Title 2: Vice President of Panama
Leader Name 2: Juan Carlos Varela
Legislature: National Assembly (Panama)
Sovereignty Type: Independence
Established Event 1: from Spain
Established Date 1: November 28, 1821
Established Event 2: from Colombia
Established Date 2: November 3, 1903
Area Rank: 118th
Area Magnitude: 1 E8
Area Km 2: 75,517
Area Sq Mi: 29,157
Percent Water: 2.9
Population Census: 3,595,490
Population Census Year: August 2012
Population Density Km 2: 47.6
Population Density Sq Mi: 123.3
Population Density Rank: 156th
GDP PPP: $55.797 billion GDP PPP Year: 2012
GDP PPP Per Capita: $15,265 GDP Nominal: $34.819 billion GDP Nominal Year: 2012
GDP Nominal Per Capita: $9,526 HDI: url
HDI Rank: 58th
HDI Year: 2011
HDI Category: Gini: Gini Year: 2009
Gini Category: Currency: Panamanian balboa, U.S. dollar
Currency Code: PAB, USD
Time Zone: Eastern Time
Drives On: right
Utc Offset: ?5
Cctld: .pa
Calling Code: +507
Panama (i/E?pA?nE?mE?E?/ PAN-E?-maha??; Spanish: PanamA?a??), officially the Republic of Panama (Spanish: RepA?blica de PanamA? [reE?puI?lika A?e panaE?ma]), is the southernmost country of Central America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean to the north and the Pacific Ocean to the south. The capital is Panama City.
Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Nueva Granada, Ecuador, and Venezuela, named the Republic of Gran Colombia. When Gran Colombia dissolved in 1831, Panama and Nueva Granada remained joined. Nueva Granada later became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the Panama Canal to be built by the U.S. Army Corps of Engineers between 1904 and 1914. In 1977, an agreement was signed for the complete transfer of the Canal from the United States to Panama by the end of the 20th century.
Revenue from canal tolls represents today a significant portion of Panama's GDP. Panama has the third- or fourth-largest economy in Central America and it is also the fastest growing economy and the largest per capita consumer in Central America. In 2010 Panama ranked 4th among Latin American countries in terms of the Human Development Index, and 54th in the world in 2010. As of 2010, Panama is the second most competitive economy in Latin America as well according to the Global Competitiveness Index from the World Economic Forum (WEF). Panama's jungle is home to an abundance of tropical plants, animals and birds a?? some of them to be found nowhere else in the world.
There are several theories about the origin of the name "Panama". Some believe that the country was named after a commonly found species of trees. Others believe that the first settlers arrived in Panama in August, when butterflies abound, and that the name

Panama Latest News

Panama Signs Up to International Tax Avoidance Agreement

Panama’s government Thursday signed up to an international agreement to combat tax avoidance and evasion, seven months after the country became the focus of global attention with the publication of a trove of leaked documents showing that one of its law ...
Posted: October 27, 2016, 12:10 pm

RPT-INTERVIEW-Panama Canal readies for surge in tonnage after upgrade

COPENHAGEN Oct 27 The Panama Canal is likely to attract up to 15 percent more tonnage next year after an upgrade which means it can now accommodate gas tankers previously too large to transit, its operator said on Thursday. The expanded canal opened in ...
Posted: October 27, 2016, 10:33 pm

Freedom still elusive for U.S. defendant linked to Panama Papers

A federal judge on Thursday delayed a key status hearing for the only person in the United States known to be prosecuted in connection with the Panama Papers. The court action, taken at the request of the defendant, Chetan Kapur, means the India-born New ...
Posted: October 27, 2016, 6:22 pm
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