About Panama

The Republic of Panama lies in Central America between the Caribbean Sea and the North Pacific Ocean.  There are land borders of 225km with Columbia (on the west) and 330km with Costa Rica (on the east). The land area totals 75,990 sq km.  The capital is Panama City.  The Panama Canal links the North Atlantic Ocean via the Caribbean Sea with the North Pacific Ocean.

The topography is varied.  There are mountains toward the Caribbean coast, while small hills and vast plains lie towards the Pacific side.  The climate is tropical with prolonged rainy periods between May and January.  There is a brief dry season between January and May.  Travel throughout the country is relatively easy and efficient. Panama's strategic maritime location and the canal, make it a "global crossroads" for goods of all kinds.  Two international airports connect the country to the rest of the world.

The unit of currency used in Panama is the Balboa (PAB), which is pegged at parity to the dollar.  Panama is the oldest dollarised economy and as such does not print its own paper currency--the US dollar is accepted everywhere.  Consequently, inflation follows the US dollar.  Panama has become a safe haven for international investment with sufficient economic strength, political stability, and infrastructure to support projects of all shapes and sizes.

Panama's natural resources include copper and gold among other minerals, mahogany forests, and fish, especially shrimp.
 

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