Panama Quick Facts

Location: Central America, Isthmus connecting North and South America, Panama

Area: Approx. 75,420 km² (29,120 sq mi)

Climate: Tropical maritime climate; Hot and humid year-round. Rainy season is May to November. Dry season is December to April

Timezone: UTC -5 (Eastern Standard Time)

Capital: Panama City

Population: Approx. 4.4 million (2024 estimate)

Language: Spanish is the official language. English is widely spoken in business and tourism sectors

Currency: Balboa (PAB) & US Dollar (USD). US Dollar is the primary circulating currency

Government: Unitary presidential constitutional republic

Motto: “Pro Mundi Beneficio” translates to “For the Benefit of the World”

Culture & Identity

  • Ethnic Mix: Mestizo (mixed Indigenous and European), Indigenous groups, Afro-Caribbean, European descent
  • Major Celebrations:
    • Carnival (February/March)
    • Independence Days (November)
    • Festival de la Mejorana (Traditional folklore festival)
  • National Symbols:
    • National Dish: Sancocho (hearty chicken soup)
    • National Bird: Harpy Eagle
    • National Tree: Panama Tree (Sterculia apetala)
    • National Flower: Holy Ghost Orchid (Peristeria elata)
    • Coat of Arms: Features the isthmus, canal, eagle, and symbols of peace & defense

Geography & Nature

  • Landmarks:
    • Panama Canal (world-famous engineering marvel)
    • San Blas Islands (Indigenous Guna Yala territory)
    • Bocas del Toro Archipelago
    • Darien National Park (UNESCO World Heritage Site)
    • Bridge of the Americas
  • Mountainous interior with coastal lowlands
  • Hundreds of islands along both Caribbean & Pacific coasts

History Highlights

  • Indigenous peoples inhabited the region for thousands of years
  • Spanish colonization began in the 16th century
  • Panama gained independence from Spain in 1821
  • Separated from Colombia in 1903 with U.S. support
  • Panama Canal opened in 1914, boosting global trade
  • Full control of the Canal transferred to Panama in 1999

Interesting Facts

  • Panama is the only place where you can see the sun rise over the Pacific and set over the Atlantic
  • Home to more bird species than the entire U.S. and Canada combined
  • Uses both the Balboa and U.S. Dollar, but coins are uniquely Panamanian
  • The canal handles about 5% of all global maritime trade
  • Known as a major international banking hub