Date: 2023-09-11 / Countries

Panama Detailed Information About

iso2 Code = PA
iso3 Code = PAN
Phone Code = 507
Capital = Panama City
Currency Code = PAB
Currency = Panamanian balboa
Tld. Domain Extension = .pa
Region = Americas
Nationality = Panamanian

Information About Panama

Panama is a country located in Central America. It borders the Caribbean Sea to the north, Colombia to the east, the Pacific Ocean to the south, and Costa Rica to the west. Its capital and largest city is Panama City. Panama is known for being home to the Panama Canal, which divides the American continent and connects the Atlantic and Pacific oceans. This canal is one of the most important waterways in the world and facilitates maritime transportation. The Panama Canal is a great engineering achievement built in the 20th century. The country's economy is based on the Panama Canal, as well as free trade zones, banking and tourism. Panama is one of the countries with the highest income levels in Latin America. The official currency of the country is the US dollar. Panama is also famous for its rich natural beauty. The interior of the country is covered with tropical forests and is home to various types of exotic plants and animals. In addition, Panama attracts tourists with its beautiful beaches and coral reefs. Panama's cultural heritage includes influences from indigenous Native American culture, Spanish colonization, and African descent. Panama's indigenous peoples include groups such as the Guna, Emberá, and Ngäbe-Buglé. Although the official language in the country is Spanish, English is also widely spoken. Panama's food culture is based on seafood. Fish, shrimp, crayfish and other seafood are among the popular dishes. Additionally, staple grains such as corn, rice, and beans are also widely consumed. Major tourist attractions in Panama include natural attractions such as the Panama Canal, the San Blas Islands, Bocas del Toro and Boquete. Additionally, modern shopping malls, restaurants and nightlife in Panama City also make it attractive for tourists. Panama is a country waiting to be discovered with its historical and natural beauties. is. Panama is a country located in Central America. As of 2021, its estimated population is

4.5 million. The population density of the country is 56 people per square kilometer. Panama City is the country's most populous city and capital. Panama's demographics are diverse. While those of Spanish descent constitute the majority in the country, there are also indigenous Native American peoples, Afro-Panamanians and other ethnic groups. The country's indigenous peoples include groups such as the Guna, Emberá and Ngäbe-Buglé. Panama's population has been increasing rapidly in recent years. Its climate, natural beauties and economic opportunities make the country attractive for immigrants. In addition, since the Panama Canal contributes greatly to the country's economy, the arrival of foreign workers to the country also affects population growth. The majority of the country's population lives in cities. Population density is higher in larger cities such as Panama City, Colón, David and La Chorrera. In rural areas, there is a population engaged in agricultural activities. Panama's population has a young structure. Meeting the needs of the young population such as education, health and employment is an important responsibility. The country stands out as a country with growth potential in the future with its young population.

Information About the Capital

Panama City is the capital and largest city of Panama. It is located in the southeast of Central America, on the coast of the Gulf of Panama. The city, along with the Port of Colón, serves as an important commercial center located at both ends of the Panama Canal. Panama City is a modern city full of skyscrapers, luxury hotels, shopping malls and restaurants. One of the most famous neighborhoods in the city is Casco Viejo, a historical residential area and famous for its buildings from the Spanish colonial period. Casco Viejo also has many historic churches, museums and shops. It also hosts the rail. Panama City also has the Amador Causeway, which has beautiful beaches on the Gulf of Panama. This area is a popular place for activities such as cycling, hiking and dining at seafood restaurants. Panama City is also a place to visit the Panama Canal. The canal connects the Pacific Ocean and the Caribbean and is one of the world's most important waterways. Visitors to the canal can watch ships passing by and learn about the history and workings of the canal at the Canal Museum. Other attractions of Panama City include the Metropolitan Natural Park, Biomuseo, and Ancon Hill. The city is also famous for its nightlife and offers many nightclubs, bars and restaurants. Panama City also serves as an active commercial center and financial hub. There are headquarters of many international companies and banks in the city. In conclusion, Panama City is a modern city and attracts attention with its historical and cultural riches, tourist attractions and trade potential.

Information About IPU

The currency of Panama is Panamanian balboa. Until 1904, the US dollar was the official currency of Panama. However, after this date, Panama began to use its own currency, the balboa. Balboa is associated with a fixed exchange rate with the US dollar. So 1 balboa is equal to 1 US dollar. Therefore, both the balboa and the US dollar are valid currencies in Panama. Balboas, minted in the form of banknotes and coins, are widely used currency in Panama. The subunit of balboa is called cent and 1 balboa is divided into 100 cents.

Historical Places

Panama is a country located in Central America and has a rich historical past. Here are some historical places in Panama:

1. Panama Canal: Pan Ama Canal is one of the most famous historical landmarks in the country. Completed in 1914, the canal is an important waterway between the Atlantic Ocean and the Pacific Ocean and is one of the most important engineering projects in the world.

2. Casco Viejo: Casco Viejo is the historical center of Panama City. Its narrow streets, dating back to the Spanish colonial period, feature colorful buildings as well as historic churches, museums and local restaurants.

3. Panama La Vieja: Panama La Vieja is the old city center of Panama City. Founded during the Spanish colonization in the 16th century, this settlement was largely destroyed by a fire in 1671. Today, this area can be visited as a museum along with historical ruins and archaeological sites.

4. Portobelo: Portobelo is a historical place located on the Caribbean coast. It is famous for its castles, churches and other structures from the colonial period. Additionally, a large festival is held in Portobelo every October to celebrate Afro-Caribbean culture.

5. Fort San Lorenzo: Fort San Lorenzo is another important historical structure located on the Caribbean coast of Panama. This castle, built to protect the Spanish colonies in the 17th century, can be visited as a museum today.

6. Coiba Island: Coiba Island is a national park located on the Pacific coast of Panama. The island has been used as a prison throughout history and is therefore of historical importance. Today, the island is a tourist attraction with its natural and historical riches. These are just a few of the historical sites found in Panama. The country has many more historical and cultural heritage and offers visitors the opportunity to take a historical journey.

Food Culture

Panama's cuisine has developed under the influence of Caribbean, Spanish and indigenous Native American cultures. Staple foods such as seafood, fruits and vegetables, meat and rice are the main components of Panamanian cuisine. are the ones. Here's more information about Panamanian cuisine:

1. Sancocho: The national dish of Panama, sancocho is a soup made with meat (usually chicken or beef), vegetables and corn. It is usually served with white rice.

2. Arroz con Pollo: Also known as chicken rice, arroz con pollo is a combination of chicken, rice, vegetables and spices. It is usually yellow in color and served with a salad or banana.

3. Ceviche: Fresh seafood (usually fish or shrimp) is marinated with lemon juice, onion, pepper and other spices. Ceviche is often served with corn chips or soda crackers.

4. Tamales: Made by putting meat (usually chicken or pork), vegetables and spices into corn dough. Tamales wrapped in corn leaves are often served on special occasions or celebrations.

5. Ropa Vieja: Meaning "old clothes" in Spanish, ropa vieja is a dish made with slow-cooked veal or beef, onions, peppers, and tomatoes. It is usually served with rice and bananas.

6. Hojaldras: Made with cornmeal, flour, yeast and sugar, hojaldras are usually eaten for breakfast. Served with honey or cheese.

7. Patacones: Green banana slices, mashed, then fried and served with salt. It is usually consumed as a side dish or snack.

8. Chicheme: A drink made with corn, milk, cinnamon and vanilla. It is served cold and is often offered by street vendors. These are just some representatives of Panamanian cuisine, and there is a much greater variety of dishes in the country. When traveling in Panama, it is important to explore different restaurants to try these local delicacies.

Entertainment and Nightlife

Panama is known as one of the most developed and vibrant cities in Central America. The nightlife in the city is quite diverse and appeals to everyone's taste. Check offers many options. Panama City is one of the places with the busiest nightlife. There are many nightclubs, bars, restaurants and cafes in the city. Casco Viejo is known as the historical district in the city and there are many nightclubs and bars in this area. Events such as live music, DJ performances and dance shows are held here. Additionally, Panama City has many luxury hotels and resorts. Nightclubs, bars and live music events are held in these hotels. Especially El Cangrejo and Calle Uruguay regions are one of the places with the liveliest nightlife. Panama City also has many restaurants and bars. In these places, you can try the flavors of local and international cuisine, listen to live music and dance. Additionally, many live music events, concerts and festivals are held in the city. Nightlife in Panama City is busier on weekends, but many venues are open on weekdays as well. Nightlife in the city usually starts at night and continues until the morning. Nightlife in Panama is generally safe, but it's always best to be cautious. It is important to store your valuables safely and be careful in crowded areas. In conclusion, Panama City's nightlife is very lively and diverse. It is possible to have a fun night in this city full of nightclubs, bars, restaurants and live music events.

Culture of Life

Panama is a country located in the southernmost part of Central America and has a rich culture. Panamanians are a mix of indigenous Native American, Spanish, and African-descended peoples, so you can see influences of these cultures in their traditions and customs. - Panamanians attach great importance to family values. They often coexist with extended families and have strong bonds between family members. family gatherings and celebrations are held frequently. - Panamanians are passionate about dance and music. They especially like to participate in Latin dances such as salsa, merengue and cumbia. Panamanians gather together to dance and play music at street festivals. - Religious beliefs are important to Panamanians. The people, who are mostly Catholic, attach great importance to religious holidays such as Christmas and Easter. During these periods, families come together, special meals are cooked and prayers are performed. - Panamanians also value traditional handicrafts. Hat making is especially famous. These hats, known as Panama hats, are famous around the world and have symbolic value for Panamanians. - Panamanians also attach great importance to food culture. Dishes prepared with basic ingredients such as corn, beans, rice, chicken and fish are common. Traditional dishes such as sancocho, tortillas, tamales and ceviche are famous. - Panamanians participate in various festivals to celebrate important life events. For example, during events such as Independence Day, Karneval and Semana Santa, people gather together, dance in the streets, play music and wear colorful costumes. - Panamanians are known for their hospitality. Hospitality means hosting a guest, welcoming him and serving him in the best way possible. Guests are offered traditional meals and it is important to have a good time with them. - Panamanians respect nature. Environmental protection is important as most of the country is covered with forests. Panamanians promote the sustainable use of natural resources and participate in wildlife conservation efforts. This information generally describes the traditions and customs of Panama. Of course, each individual may have a different lifestyle and cultural practices.

Economic Information

Panama, Central A It is a country located in America. It has one of the strongest economies in Latin America. The country's economy is generally based on the service sector. Panama's economy has been greatly affected, especially by the existence of the Panama Canal. The Panama Canal plays an important role in world trade and provides the country with a large amount of income. The canal facilitated maritime transportation and enabled it to become a world-wide trade center. The country is also home to the Colon Free Zone, a free trade zone. This region attracts foreign investors with low tax rates and customs exemptions. This plays a big role in the country's foreign trade. The service sector makes up a large part of Panama's economy. It has great potential in areas such as financial services, tourism, logistics, telecommunications and real estate sectors. The agricultural sector constitutes a smaller part of the economy. Crops such as rice, bananas, sugar cane and coffee are grown. Panama's dollarization policy has helped ensure the country's economic stability. Additionally, Panama's ease of doing business and the incentives it provides to investors attract foreign investors. However, there is also a problem of income inequality and poverty in Panama. People living in rural areas have fewer opportunities than people in cities. In conclusion, Panama is a country with a strong economy. Factors such as the Panama Canal and free trade zones support the country's economy and enable its growth. However, problems such as income inequality and poverty continue.

Living Costs

🍱 Lunch Menu	$8.21
🥂 Dinner in a Restaurant, for 2	$38.2
🥪 Fast food meal, equiv. McDonald's	$6.7
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.33
☕ Cappuccino	$4.01
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.5
🏙️ 1 bedroom apartment in city Center, 40 m2 or 430 ft2	$746
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$529
🏙️ 3 bedroom apartment in city Center, 80 m2 or 860 ft2	$1322
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$688
🔌 Utility Bill one person, electricity, heating, water, etc.	$82.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$127
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$41
🏦 Mortgage Interest Rate for 20 Years	6.32%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2278
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1359
🚌 Local transport ticket	$0.39
🎟️ Monthly ticket local transport	$31
🚕 Taxi Ride, 8 km or 5 mi	$11.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.1
🥛 Milk, 1 L or 1 qt	$1.75
🍞 Bread, 0.5 kg or 1.1 lb	$2.03
🍚 Rice, 1 kg or 2.2 lb	$1.93
🥚 Eggs, x12	$2.44
🧀 Cheese, 1 kg or 2.2 lb	$10.9
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.05
🥩 Round Steak, 1 kg or 2.2 lb	$7.84
🍏 Apples, 1 kg or 2.2 lb	$2.8
🍌 Banana, 1 kg or 2.2 lb	$1.3
🍊 Oranges, 1 kg or 2.2 lb	$2.8
🍅 Tomato, 1 kg or 2.2 lb	$2.82
🥔 Potato, 1 kg or 2.2 lb	$2.06
🧅 Onion, 1 kg or 2.2 lb	$1.97
🌊 Water, 1 L or 1 qt	$0.92
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.42
🍾 Wine (mid-priced), 750 mL bottle	$9.53
🍺 Beer, 0.5 L or 16 fl oz	$1.21
🚬 Cigarette pack	$6.07
💊 Cold medicince, 1 week	$12.2
🧴 Hair Shampoo	$6.75
🧻 Toilet paper, 4 rolls	$3.34
� �� Toothpaste, 1 tube	$3.09
🏋️ Gym Membership, 1 month	$37.7
🎫 Cinema Ticket, 1 person	$6.26
👩‍⚕️ Doctor's visit	$41.8
💇 Haircut, simple	$11.5
👖 Brand Jeans	$47.1
👟 Brand Sneakers	$71.5
👶 Daycare or Preschool, 1 month	$391
🏫 International Primary School, 1 year	$8930

Living Costs Source: livingcost.org

Coclé Province

Colón Province

Darién Province

Emberá-Wounaan Comarca

Guna Yala

Herrera Province

Los Santos Province

Ngöbe-Buglé Comarca

Panamá Oeste Province

Panamá Province

Veraguas Province